HIF Global signs MOU with Forico to develop Australia’s first eFuels production facility

In Australia, HIF Global, the world’s leading eFuels company, announced 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 utilization 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 liters of eGasoline by 2028 and recycle around 250,000 tons of carbon dioxide per year from plantation biomass, equivalent to decarbonizing 60,000 vehicles every year.

HIF Global and Forico also executed a biomass supply agreement and will now work towards finalizing 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.