Home / Daily Briefs / 2022 / 8 / HIF Global picks up funding for e-fuel projects

HIF Global picks up funding for e-fuel projects

HIF Global picks up funding for e-fuel projects

April 8, 2022 | Charles Newbery
Chile's AME-backed company will use $260 mln to start production in Australia, Chile and the United States

Corporate & Sovereign Strategy Equity M&A Chile Australia United States Energy Electricity Wind Solar LNG

HIF Global, a producer of electricity-based fuels for cars and other purposes, said it sold $260 million in equity to fund projects in Australia, Chile and the United States as demand rises for fossil fuel alternatives in the energy transition to net-zero carbon emissions by 2050. The company, which is controlled by AME, the fifth-largest electricity generator in Chile, said the investors are AME itself, as well as German carmaker Porsche and three US-based firms, energy investment firm EIG Part

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