German energy company Mabanaft and Porsche-backed Chilean e-fuels developer HIF Global have signed a Heads of Agreement for the planned offtake of up to 100,000 tonnes of e-methanol per year.
While not a binding contract, the agreement sets the framework for future negotiations on a potential e-methanol offtake agreement.
It builds on a Memorandum of Understanding signed by the partners in 2021 for the purchase and sale of up to 500 million litres of e-fuels per year from HIF Global’s Haru Oni plant in the Magallanes region of Chile.
The facility utilises Chile’s abundant wind energy to produce green hydrogen, which is then combined with captured CO2 to create synthetic fuels.
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