Funds will be used for the development of pioneering decarbonization projects in the United States<\/span>, Chile<\/span>, and Australia<\/span><\/b><\/p>\n

About eFuels<\/b> <\/div>\n
Electricity based fuels, or eFuels, are clean, carbon-neutral fuels produced from renewable, 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. As an example, one version of eFuel is a carbon-neutral gasoline substitute that can be used by existing cars and trucks without any modifications to the engine. Current gas stations would not need to be altered in any way, as consumers could simply pull up to existing pumps and fill their tanks. And no changes are necessary to existing infrastructure, either; eFuels can be transported around the world like regular fuels are transported today.<\/p>\n
About HIF Global<\/b> <\/div>\nHIF Global is the world leading eFuels company, developing projects to convert hydrogen made using low-cost renewable power into carbon neutral liquid eFuels that can be transported and utilized in existing infrastructure. The name HIF represents the mission of the company: to provide Highly Innovative Fuels to make decarbonization of the planet possible. HIF Chile, HIF USA<\/span> and HIF Australia are wholly owned subsidiaries of HIF Global. HIF Chile is currently constructing the Haru Oni Demonstration Plant in Magallanes, Chile<\/span>. For more information, visit www.hifglobal.com<\/a>. <\/p>\n
About AME<\/b> <\/div>\nAME is the fifth largest electricity generator in Chile<\/span> with an installed capacity of clean electricity generation of 865 MW, including Generadora Metropolitana and Santiago Solar<\/span>. AME is developing a portfolio of projects in the construction and permitting stages of more than 1,700 MW, including the largest solar project in South America<\/span>, the 480 MW CEME1 solar plant under construction today in the Antofagasta<\/span> region in the Atacama Desert. A pioneer in the use of solar and wind energy, AME is the founder and majority shareholder of HIF Global, which is developing approximately 25,000 MW of facilities to produce eFuels from green hydrogen and CO_{2<\/sub> captured from the atmosphere to decarbonize vehicles in use today worldwide. Visit}www.ame.cl<\/a> for more information.<\/p>\n
About Porsche<\/b> <\/div>\nDr. Ing. h.c. F. Porsche AG, with headquarters in Stuttgart-Zuffenhausen, is one of the most profitable car makers in the world. In 2021, Porsche delivered more than 301,000 vehicles of the 911, 718 Boxster, 718 Cayman, Cayenne, Macan, Panamera and Taycan models to customers worldwide. Thereby, the sports car manufacturer’s operating profit amounted to 5.3 billion euros<\/span>, up 27 per cent. Porsche operates plants in Stuttgart<\/span> and Leipzig<\/span> as well as a development centre in Weissach. The sports car manufacturer employs 37,000 people. Porsche is committed to innovation, many of the technologies have their origins in motorsport. Porsche is aware of every aspect of its corporate responsibility: economic, environmental and social. By 2030, the company plans to have a balance sheet CO2-neutral footprint across the entire value-added chain and the life cycle of new vehicles sold. More information at https:\/\/newsroom.porsche.com\/en.html<\/a>.<\/p>\n
About EIG<\/b> <\/div>\nEIG is a leading institutional investor to the global energy and infrastructure sectors with $23.0 billion<\/span> under management as of December 31, 2021<\/span>. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed $39.7 billion<\/span> to the energy sector through 379 projects or companies in 38 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia<\/span> and Europe<\/span>. EIG is headquartered in Washington, D.C.<\/span> with offices in Houston<\/span>, London<\/span>, Sydney<\/span>, Rio de Janeiro<\/span>, Hong Kong<\/span> and Seoul<\/span>. For additional information, please visit EIG’s website at www.eigpartners.com<\/a>.<\/p>\n
About Baker Hughes<\/b> <\/div>\nBaker Hughes is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward \u2013 making it safer, cleaner and more efficient for people and the planet. Visit www.bakerhughes.com<\/a>.<\/p>\n
About Gemstone Investments<\/b> <\/div>\nGemstone Investments is the family office investment firm founded by Meg Gentle<\/span> to make investments in the energy sector that advance the decarbonization of the atmosphere. www.gemstoneinvestments.com<\/a> <\/p>\n
Contact:
Eva Bandola<\/span>
bandola@cgcn.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
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