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06-10-2023

HIF Global and Empresas GASCO announce the worlds first carbon-neutral liquefied gas

HIF Global, the world´s leading eFuels company, and the Chilean gas company Empresas GASCO, today announced the first production of carbon-neutral liquefied gas ("eLG") generated with renewable energy from the strong winds of the Magallanes Region, at the Haru Oni eFuels facility in southern Chile.

The project involved an R&D investment of $3 million from GASCO and is part of the agreement signed in 2021 between both companies to promote a more sustainable gas that can be used, stored, and transported as conventional liquefied gas, without modifications required to infrastructure, capacity or equipment.

"Throughout more than 167 years, Empresas GASCO has been a protagonist of the main energy transformations in Chile. Participating in the production of the first carbon-neutral liquefied gas in the world is a new demonstration of our company's commitment to the development of innovative technologies and solutions that contribute significantly to the transition towards carbon neutrality," said the company's President, Matias Perez.

President and CEO of HIF Global, Cesar Norton, said "Today we celebrate a substantial milestone for the hydrogen derivatives industry, allowing us to continue to show a portfolio of alternatives to decarbonize our planet and reduce the reliability of fossil fuels. Empresas GASCO has been a great ally in achieving this goal, as we need to strongly promote innovation and development to efficiently address the urgency of climate change".

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