The announcement adds to the pick-up of momentum in decarbonisation investments amid the push to net zero emissions.
E-fuels group HIF Global, which is backed by Porsche, has chosen Tasmania as the site for a $1 billion production plant for synthetic green fuels, confirming a take-off in major decarbonisation investments amid growing momentum towards net zero emissions.
it was examining prospective sites in northern Queensland, Victoria and Tasmania to build a plant in Australia, with access to renewable energy and strong winds as important factors to consider. Mr Norton said that Australia, which will be HIF’s third production hub worldwide, “has exceptional renewable energy resources that can be transformed into liquid fuels” and used in existing traditional vehicle engines.to split water into oxygen and hydrogen using a 250 megawatt capacity electrolyser.
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