.jpg?sfvrsn=ff4915bb_1 "HIF Global y Gobierno de Uruguay (1)")
Montevideo, Uruguay. December 19th, 2025. HIF Global, the world’s leading e-Fuels company, through its subsidiary HIF Uruguay, signed a new Memorandum of Understanding (MoU) with the Government of Uruguay reaffirming both parties’ commitment to the e-Fuels project in Paysandú.
The agreement establishes the technical and institutional milestones required for the pre-investment decision phase and confirms the signatories’ intent to move forward with the project, which includes the e-Fuels production facility and the renewable energy parks that will power its operations: the Lucía Solar Park and the Elena Wind Park.
It also sets guidelines for revitalizing railway lines needed to transport synthetic fuels to the Port of Montevideo, integrating strategic logistics infrastructure for future operations.
The agreement establishes a High-Level Committee and a Technical Committee, composed of government authorities and HIF representatives, responsible for coordinating and executing the necessary milestones for project progress, such as energy agreements, environmental permits, easement definitions, and railway infrastructure, among other critical elements for implementation.
HIF Paysandú envisions the construction of an industrial facility to produce e-Fuels from green hydrogen and recycled CO₂, to be executed in four stages. Once completed, the plant will have a production capacity of up to 880,000 tons per year, equivalent to decarbonizing more than 400,000 vehicles. The project involves an investment of over US$5.3 billion and the creation of approximately 1,400 jobs during construction and 300 permanent jobs during operations.
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: Felipe Abaracón
Email: [email protected]