HIF Global signs MOU with Enap for eFuels in Chile

In Chile, HIF Global and Chile’s state-owned petroleum company Enap recently signed a Memorandum of Understanding (“MoU”) to accelerate the use of carbon neutral eFuels in Chile.

The agreement anticipates the delivery of approximately 22.5 to 37.5 million liters of eGasoline per year from the future HIF Cabo Negro eFuels facility, to be located in southern Chile, which represents between 30% and 50% of its annual production.

Enap´s storage, distribution and refining capacity will allow them to distribute this new product using its logistics structure in the country, in addition to exploring other collaboration opportunities related to future HIF facilities in southern Chile.

HIF Cabo Negro, which began its environmental assessment process recently, has a production capacity of 173,600 metric tons per year of eMethanol and 75 million liters per year of eGasoline. It will be located in Enap’s Cabo Negro industrial complex in Punta Arenas, Chile, and will be powered with renewable energy from the future Faro del Sur Wind Park. It considers a $830 million investment.