Paysandú, Uruguay. November 27, 2025. HIF Global, the world’s leading e-Fuels company, announced that Uruguay’s Ministry of Environment has granted the Environmental Location Feasibility (VAL) for the e-Fuels facility the company plans to build in Paysandú. The project involves an investment of over USD 5.3 billion and the creation of more than 300 permanent jobs once operational.
The VAL states that the selected site is environmentally suitable and authorizes the company to submit the Environmental Prior Authorization (AAP) and the Environmental Impact Assessment (EIA), which will be evaluated under the High Complexity procedure. This process requires a comprehensive assessment of the project by various government agencies, considering environmental, social, and cultural aspects.
“This is a key milestone in the environmental evaluation process and allows us to stay on track with our development timeline. HIF Paysandú would be the first commercial e-Fuels facility in Latin America, a great opportunity for the region and a step that positions Uruguay as a leader in innovation, sustainability, and the energy transition,” said Martin Bremermann, CEO of HIF Uruguay.
In this next phase, the company will move forward with the submission of the required technical documentation. The resolution establishes that the EIA must include specific evaluations related to water, terrestrial and aquatic ecosystems, air quality, waste management, noise, vibrations, odors, landscape, soil impact, and potential social and cultural impacts.
About HIF Global
HIF Global is the world's leading e-Fuels company developing large infrastructure projects to recycle CO2 and produce hydrogen-based fuels for existing cars, ships and planes. The name HIF represents the mission of the company: to provide Highly Innovative Fuels that advance global energy sustainability. HIF is producing e-Fuels today at its HIF Haru Oni e-Fuels facility in Chile and is developing commercial-scale facilities in United States, Uruguay, Chile, Brazil, and Australia. For more information, visit www.hifglobal.com.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS: Information in this press release includes various statements that are forward-looking statements within the meaning of the U.S. federal securities laws. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as “can,” “expect,” potential,” “to be,” “will,” and similar expressions are used to identify forward-looking statements and convey the uncertainty of future events or outcomes. Forward-looking statements in this press release relate to, among other things, the expectations of our plans, strategies, and objectives, including with respect to the timing and other aspects of the HIF e-Fuels facilities. Such statements are based on management’s current expectations and assumptions and are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from expectations expressed or implied in the forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include (without limitation): our ability to timely obtain or maintain necessary permits to construct and develop the HIF e-Fuels facilities; our ability to execute operational objectives on a timely and successful basis; legislative, policy, fiscal and regulatory developments; the outcome of commercial negotiations; our ability to raise financing; consumer preferences or demand; and various economic, business, and competitive factors affecting our business. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. HIF Global urges you to carefully review and consider the cautionary statements made in this press release and cautions you not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. HIF Global undertakes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Press contact HIF: Felipe Abaracón
Email: [email protected]