-- HIF Global expects to produce approximately 4 million tons per year of 
eFuels from four commercial plants in Magallanes, Chile

HIF Global ( 
https://c212.net/c/link/?t=0&l=en&o=3542093-1&h=4040872793&u=http%3A%2F%2Fwww.hifglobal.com%2F&a=HIF+Global 
), HIF Chile and Uniper Global Commodities (Uniper) signed a Letter of Intent 
(the "eFuels LOI") to negotiate binding offtake agreements for the sale and 
purchase of eFuels from the commercial plants under development in Magallanes, 
Chile.

Pursuant to the eFuels LOI, HIF Global and Uniper will explore further 
opportunities for Uniper to purchase up to approximately 2 million tons per 
year of eMethanol from four commercial plants in Chile, representing 50% of the 
production from each plant. 

Production from the first commercial plant in Chile is expected to begin in 
2025 with 150,000 tons per year of eMethanol. Production from the second 
commercial plant is expected to begin in 2027 and will be the first industrial 
scale plant with 1.3 million tons per year of eMethanol. Each subsequent 
industrial scale commercial plant is expected to begin production after 2027.

The eFuels will be certified under the recognized international standard of 
emission reductions, a fundamental requirement to comply with European 
decarbonization regulations.

HIF Global COO Clara Bowman said, "eFuels based on green hydrogen and recycled 
carbon dioxide are critical to accelerating the decarbonization of the 
transport sector. Due to the exceptional renewable energy resources in the 
area, our sites in Magallanes, Chile, can produce large volumes of highly 
competitive eFuels for sale worldwide. Uniper is a leader in innovative, 
lower-carbon solutions with distribution networks in key decarbonization 
markets. Our eFuels LOI provides a framework to negotiate definitive agreements 
for our products and confirms the benefits of eFuels to the global market." 

"One of Uniper's major goals is the effective decarbonization of other 
industries as well as its own, while still being able to provide security of 
supply. Therefore, Uniper is building up a portfolio of H2 products on a global 
scale by originating, transporting and finally supplying customers mainly in 
Europe, North America and Asia in the future. The HIF project is a very 
promising opportunity to source green eMethanol from one of the most 
competitive locations in the world. We are excited to jointly cooperate with 
and potentially offtake from HIF in the Magallanes region in Chile," added 
Uniper CCO, Niek den Hollander.

About eFuels
Electricity based fuels, or eFuels, are clean, carbon-neutral fuels produced 
from renewable, green hydrogen and carbon dioxide taken from the atmosphere. 
eFuels have the same chemical properties as fossil-based fuels and, as a 
result, can be used as direct substitutes in existing motors and 
infrastructure. One version of eFuel is a carbon-neutral methanol (eMethanol), 
which can be used as a complete replacement for their fossil fuel counterparts 
in industrial or petrochemical applications, and as a carbon-neutral fuel for 
the shipping industry.

About HIF Global
HIF Global is the world leading eFuels company, developing projects to convert 
hydrogen made using low-cost renewable power into carbon neutral liquid eFuels 
that can be transported and utilized in existing infrastructure. The name HIF 
represents the mission of the company: to provide Highly Innovative Fuels to 
make decarbonization of the planet possible. HIF Chile, HIF USA, HIF Australia, 
and HIF EMEA are wholly owned subsidiaries of HIF Global. HIF Chile is 
currently constructing the Haru Oni Demonstration Plant in Magallanes, Chile. 
For more information, visit www.hifglobal.com.

About Uniper
Uniper is a leading international energy company, has around 11,500 employees, 
and operates in more than 40 countries. The company plans for its power 
generation business in Europe to be carbon-neutral by 2035. Uniper's roughly 33 
GW of installed generation capacity make it one of the world's largest 
electricity producers. The company's core activities include power generation 
in Europe and Russia as well as global energy trading and a broad gas 
portfolio, which makes Uniper one of Europe's leading gas companies. In 
addition, Uniper is a reliable partner for communities, municipal utilities, 
and industrial enterprises for planning and implementing innovative, 
lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen 
pioneer, is active worldwide along the entire hydrogen value chain, and is 
conducting projects to make hydrogen a mainstay of the energy supply. 

The company is based in Düsseldorf and is one of Germany's largest publicly 
listed energy supply companies. Together with its main shareholder Fortum, 
Uniper is also Europe's third-largest producer of zero-carbon energy. More info 
at www.uniper.energy

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Information in this press release includes various statements that are 
forward-looking statements within the meaning of the U.S. federal securities 
laws. All statements other than statements of historical fact are, or may be 
deemed to be, forward-looking statements. Words such as "can," "expect," 
potential," "to be," "will," and similar expressions are used to identify 
forward-looking statements and convey the uncertainty of future events or 
outcomes. Forward-looking statements in this press release relate to, among 
other things, our expectations of our plans, strategies, and objectives, 
including with respect to the timing and other aspects of the commercial plants 
under development in Magallanes, Chile. Such statements are based on 
management's current expectations and assumptions and are subject to known and 
unknown risks and uncertainties that may cause actual results or events to 
differ materially from expectations expressed or implied in the forward-looking 
statements. Factors that could cause actual results or events to differ 
materially from those described in the forward-looking statements include 
(without limitation): our ability to timely obtain or maintain necessary 
permits to construct and develop the commercial plants under development in 
Magallanes, Chile; our ability to execute operational objectives on a timely 
and successful basis; legislative, policy, fiscal and regulatory developments; 
the outcome of commercial negotiations; our ability to raise financing; 
consumer preferences or demand; and various economic, business, and competitive 
factors affecting our business. All forward-looking statements contained in 
this press release are expressly qualified in their entirety by the cautionary 
statements contained or referred to in this paragraph. HIF Global urges you to 
carefully review and consider the cautionary statements made in this press 
release and cautions you not to place undue reliance on forward-looking 
statements, which speak only as of the date of this press release. HIF Global 
undertakes no obligation (and expressly disclaims any such obligation) to 
update any forward-looking statements, whether as a result of new information, 
future events or otherwise.

SOURCE HIF Global

CONTACT: Eva Bandola, bandola@cgcn.com, (630) 956-1776