Idemitsu Kosan to purchase efuels from HIF
The Japanese firm will also co-invest in new efuels facilities and supply captured carbon dioxide
Efuels company HIF has signed a strategic cooperation agreement with Japan’s Idemitsu Kosan to accelerate the production of synthetic fuels. The Japanese firm will purchase efuels from HIF’s global facilities, co-invest in potential new projects in Japan, and supply CO₂ captured in Japan for use in efuels production. HIF started producing ‘carbon-neutral’ gasoline fuel at its first efuels facility at Haru Oni in Chile in December 2022. The 130,000l/yr facility uses green hydrogen from an onsite 1.2MW electrolyser powered by a co-located wind turbine and CO₂ captured directly from air via amine-based sorbents. The firm is also developing a 750mn l/yr facility in Texas, with startup expected i
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation