The Japanese government joins as a partner in the largest project in green hydrogen in the history of Uruguay by the hand of HIF Global with an investment that, to date, totals 200 million dollars.
This was expressed by the company through a statement to which access was obtained Ambit where they announced that the Japan Metal and Energy Safety Organization (Jogmec (by its acronym in English) will join HIF Global to expand green hydrogen businesses not only in Uruguay, but also in United States, Chile and Australia.
In that sense, the company considered it a great step, not only for HIF, but for the growth of the e-fuel industry in Japan and the world” through an investment totaling around 200 million dollars, of which Uruguay would also benefit.
The company announced that Jogmec has invested a total of $36 million through Idemitsu Efuels America Corp to help finance these projects.
Previously, HIF had announced collaborations with Japanese companies, with collaboration agreements in place with companies such as ENEOS, ITOCHU, JFE Steel, MOL and Idemitsu. With the latter, a letter of intent was also generated for the supply of e-Methanol from HIF’s Matagorda facilities in Texas (United States), with an investment of 114 million dollars last May.
The keys to the project in Uruguay
The almost 4 billion dollars that will be invested HIF Global for construction in Paysandú exceed the largest investment to date, which had been the new UPM Paso de los Toros plant, which contemplated a total of 3.47 billion dollarsNow, the Finnish company has fallen behind its Chilean counterpart.
The project in Paysandú will require about 1.985 billion dollars in carbon dioxide capture, methanol production and synthetic gasoline finishing. To this must be added other 2 billion dollars for the installation of wind turbine parks, photovoltaic farms and transmission lines within a radius of up to 180 kilometers from the city. Finally, the company committed an investment of 1.2 million dollars in research, development and innovation initiatives.
From Grupo Ancap they also reported that it is expected that more than 3,200 workers involved in the construction, which will begin next year and last about three months. Once completed, the plant is expected to employ 300 full-time people and permanently for the operation.
Source: Ambito
