![]() HIF Global is the world’s leading eFuels company, developing projects to convert hydrogen using low-cost renewable power into carbon-neutral liquid eFuels that can be transported and utilized in existing infrastructure. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. The company’s portfolio of CCUS solutions, technologies, and services includes: pre-FEED and FEED consultation, project design, capture and purification, fit-for-purpose CO 2 compression technology, well design and construction for storage, carbon transportation and injection, and monitoring and site stewardship.īaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. HIF Global is also completing the engineering for the first world scale eFuels facility in Matagorda County, Texas, and expects to begin construction in 2024.īaker Hughes has more than 20 years of experience in CCUS technologies. The eFuels facility produces green hydrogen from wind electricity and water and combines the hydrogen with recycled carbon dioxide to produce eFuels, synthetic fuels that can be dropped-in to existing vehicles without any modifications to their engines. In Chile, the HIF Haru Oni eFuels Facility began producing its first fuels in December 2022 in Magallanes. HIF has two pioneering sites where it anticipates possible deployment of Baker Hughes’ Mosaic DAC technology. Baker Hughes is leveraging its advanced capabilities, including modular design and material science, to develop and scale Mosaic’s innovative technology with the goal to enable direct air capture with higher efficiency and lower cost. ![]() “This milestone agreement further illustrates the strength of Baker Hughes’ extended portfolio of Climate Technology Solutions, which includes a variety of CCUS technologies, and validates our strategy and commitment toward decarbonization.”Īcquired by Baker Hughes in April 2022 to enhance its carbon capture, utilization and storage (CCUS) portfolio, Mosaic Materials is focused on developing a proprietary direct air capture technology using Metal-Organic Framework (MOF) materials that can be used to separate CO 2 from the atmosphere. “Collaboration is key to supporting and accelerating the energy transition to address climate change, and we are pleased to work alongside HIF to support their significant efforts in deploying eFuels at scale, leveraging our Mosaic DAC technology,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. ![]() Cooperation with our partner Baker Hughes on this important DAC initiative accelerates our plan to capture 25 million tons per year of CO 2 and combine it with green hydrogen to produce 150,000 barrels per day of eFuels and decarbonize over 5 million vehicles in use today.” More specifically, HIF Global and Baker Hughes intend to test Baker Hughes’ Mosaic DAC technology pilot units to accelerate DAC deployment at commercial scale.Ĭesar Norton, HIF Global CEO, said, “Groundbreaking technologies like Mosaic that enable efficient, low-cost CO 2 capture from our atmosphere represent the future of CO 2 recycling. HOUSTON, Ma(GLOBE NEWSWIRE) - Baker Hughes (NASDAQ: BKR), an energy technology company, and HIF Global, the world’s leading eFuels company, announced Tuesday their agreement to cooperate on the development of technology to capture carbon dioxide directly from the atmosphere (“CO 2 Direct Air Capture” or “DAC”). Agreement enables pilot testing to more quickly scale-up deployment of Direct Air Capture solutions.
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