HIF Global engages Societe Generale advising on eFuels facilities
The construction of the first large-scale commercial plants in Chile and the USA will begin by the end of 2023, with eFuels production starting in 2026.
HIF Global, the world’s leading eFuels company, has selected SG Americas Securities, LLC to provide general financial strategy and planning for the development and financing of its eFuels facilities in Chile and the US.
SG Americas, LLC is the U.S. broker-dealer subsidiary of Societe Generale Corporate and Investment Banking (SG CIB). SG CIB, the investment banking arm of Societe Generale, is a leading provider of global finance, investment banking and global markets services globally.
César Norton, President & CEO of HIF Global said, “The advisory team at SG is a leader in global energy infrastructure financing. With their expertise, we will move forward with the financial structuring of our eFuels facilities in Chile and the United States. We plan to deploy approximately $50 billion of capital to develop, construct, and operate facilities to produce approximately 150,000 barrels per day of carbon-neutral eFuels and decarbonize over 5 million vehicles.”
Electricity based fuels, or eFuels, are clean, carbon-neutral fuels produced from renewable electricity, green hydrogen and carbon dioxide taken from the atmosphere. eFuels have the same chemical properties as fossil-based fuels and, as a result, can be used as direct substitutes in existing motors and infrastructure.