Montevideo and Paysandú, Uruguay. March 13, 2026. HIF Global, the leading e-Fuels company, submitted the Prior Environmental Authorization application for its e-Fuels project in Paysandú to the National Directorate for Environmental Quality and Assessment (DINACEA) of the Ministry of Environment of Uruguay, continuing the environmental evaluation process initiated in 2024. The submission includes the Environmental Impact Study (EIS).
The HIF Paysandú facility will be developed in four stages called “production trains,” progressing gradually. In total, the project will require an investment of USD 5.3 billion and would produce up to 876,000 tonnes of e‑Methanol per year, recycling 900,000 tonnes of CO₂ in the production process, an amount equivalent to the annual emissions of nearly 200,000 vehicles.
“The fuel of the future could be produced in Uruguay. The only operating e-Fuels facility in the world is ours in Chile. We are incorporating the experience and knowledge gained there so that the Paysandú project can become the first commercial-scale plant of its kind in the world,” said Martín Bremermann, CEO of HIF Uruguay.
“With the submission of this study, we take a key step forward in developing a sustainable initiative that will bring not only investment and employment, but also technical capabilities and concrete opportunities for the community,” he added.
The project is expected to create an average of 1,400 jobs during construction and 300 direct jobs during operation, with an estimated 70% of the workforce hired locally. HIF also proposes allocating part of the operations workforce to first-job experience programs for young people from Paysandú and nearby communities, in coordination with educational and vocational training institutions, while incorporating gender perspective.
As part of the engineering development and the Environmental Impact Study, the plant design was adjusted to optimize environmental and territorial integration: the plant footprint was reduced by 35%, the height of the safety flares was lowered, and the ecological buffer area increased by 70%, reaching 260 hectares, with measures for biodiversity and ecosystem conservation.
In 2025, HIF began the environmental evaluation process for the renewable power generation projects that will supply the e-Fuels facility: the Lucía Solar Photovoltaic Park with an installed capacity of 1,162 MWp and the Elena Wind Park with 1,137.6 MWp. Together, these projects are expected to create an additional 100 permanent direct jobs beyond those at the e-Fuels facility.
Next steps include continuing the Environmental Impact Assessment process, which involves technical exchanges with the Ministry of Environment of Uruguay and the citizen participation process, including the preparation and holding of a public hearing.
About HIF Global
HIF Global is a world leading e-Fuels company developing large scale infrastructure projects to recycle captured CO₂ and produce synthetic fuels for existing engines. The name HIF reflects the company’s mission: to produce Highly Innovative Fuels that contribute to global energy security. HIF already produces e-Fuels at its HIF Haru Oni facility in southern Chile and is developing large scale projects in the 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.
HIF Press Contact: Felipe Abaracón
Email: [email protected]
Phone: +598 99 250 557