Announced
Completed
Financials
Tags
Friendly
Acquisition
Single Bidder
Private Equity
Alternative Fuels
Cross Border
fuel
fuel business
Private
Completed
Chile
Majority
Synopsis
Porsche, EIG, AME, Baker Hughes Company and Gemstone Investments completed the acquisition of a minority stake in HIF Global, an eFuels company, for $260m. “Produced from green hydrogen and recycled CO2, eFuels provide a real decarbonization solution for cars, ships, and planes that are in use today without any modification to existing engines. Expanding on the success of our pioneering Haru Oni project in Magallanes, Chile, we expect to begin construction of HIF’s first commercial scale eFuels plant in the United States in 2023, followed quickly by similar facilities in Chile and Australia in 2024. Together with our strong partners, EIG, Porsche, and Baker Hughes, we will transition to a cleaner earth,” Meg Gentle, HIF Global Executive Director.
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