MOL invests in HIF Global to develop e-fuel supply chain

Mitsui O.S.K. Lines, Ltd. (MOL) has invested in HIF Global LLC (HIF), a company that develops and operates e-Fuels projects globally, via its subsidiary MOL Clean Energy, US LLC.

HIF aims to produce approximately 4 million tonnes per year of synthetic fuel (e-fuel) and synthetic methanol (e-methanol) using green hydrogen obtained from renewable energy sources and recycled CO2 in four countries: the US, Chile, Uruguay, and Australia.

E-Fuels and e-Methanol are projected to see rapid and widespread adoption since they may make immediate and large contributions to lowering the carbon footprint of the whole product life cycle, from manufacture to usage.

HIF Global plans to begin production of e-Gasoline and e-Methanol, with the goal of eventually producing synthetic sustainable aviation fuel (e-SAF) and synthetic chemicals.

E-Methanol is also projected to be embraced as an alternative maritime fuel, helping to decarbonise the shipping sector.

MOL’s investment in HIF Global aims to develop a supply chain for e-Fuels and CO2, paving the way for the decarbonisation of all modes of transportation.

In March, MOL signed a Memorandum of Understanding (MoU) with Idemitsu Kosan Co., Ltd., HIF USA LLC, a subsidiary of HIF Global, and HIF Asia Pacific Pty Limited to jointly develop an e-Fuels and e-Methanol supply chain.