The government signed the memorandum of understanding with HIF Global for the construction of a plant green hydrogen in Paysandu, an agreement that represents the largest investment in the history of Uruguay, for nearly 6,000 million dollars.
Members of the cabinet thus signed the agreement in Executive Tower with representatives of the Chilean company, whose project estimates the production of 180,000 tons per year of e-gasoline and will generate peaks of up to 3,200 jobs.
The investment was confirmed on June 9 of last year by the president Luis Lacalle Pou and contemplates some 2,000 million dollars for the creation of the plant and the same amount for the development of wind and solar parks.
“Whom Uruguay and whom Paysandu We are going to benefit from that investment,” said Lacalle Pou, highlighting the importance of the project.
The initiative contemplates the production of 180,000 tons per year of e-gasoline, from the capture of 710,000 tons per year of carbon dioxide coming from the combustion of biomass and distillation of alcohol from cereals and the production of 100,000 tons of green hydrogen by year.
The project will employ almost 1,600 full-time employees during the construction phase, which is estimated to take about 30 months. From Ancap They estimated that there will be peaks with more than 3,200 workers, while 300 people will be employed full-time and permanently.
HIF Global, the company chosen by the Ancap Group
From the Ancap Group They highlighted that the company in charge of the project, whose energy will be used for export, was chosen among ten interested companies and highlighted the Chilean firm, a world leader in the e-fuels sector, for its “wide experience acquired over the years”, when recognizing his Matagorda project in USA; Tasmania in Australia; and the Haru Oni Project, in Chili”.
HIF Global was founded in 2016 by César Norton Sacre, electrical civil engineer graduated in Federico Santa María University of Chile, who today serves as president.
Andes Mining Energy (AME) controls 80% of the company, while the rest is distributed porsche (12%), the fund manager EIG, Baker Hughes and Gemstone Investments.
Source: Ambito
