HIF Global, the world’s leading eFuels company, announces a Memorandum of Understanding with Forico, Tasmania’s largest private forestry manager, to support development of Australia’s first eFuels production facility.
The collaboration anticipates utilisation of a site at Forico’s Surrey Hills plantation 30 km south of Burnie, supply of biomass and water, and potential investment in the project.
HIF Tasmania eFuels facility is expected to produce up to 100 million litres of eGasoline by 2028 and recycle around 250,000 tonnes of carbon dioxide per year from plantation biomass, equivalent to decarbonising 60,000 vehicles every year.
HIF Global and Forico also executed a biomass supply agreement and will now work towards finalising a contract for supply of residue biomass from its sustainably certified hardwood plantations in Tasmania, which will be needed for HIF’s eFuel production process.
Engineering work by the HIF team and its engineering partner Technip Energies is progressing well with construction start scheduled for 2025.
eFuels are made using electrolysers powered by renewable energy to separate hydrogen from oxygen in water. The green hydrogen is combined with recycled carbon dioxide to produce carbon neutral eFuels, which are chemically equivalent to fuels used today and can therefore be dropped-in to existing engines without any modifications required.
Forico is Tasmania’s largest private forest manager, managing approximately 173,000 hectares of land across the state.
