- Located in Tasmania, the facility plans to produce up to 100 million litres 
per year of carbon neutral eFuels

HIF Global ( 
https://c212.net/c/link/?t=0&l=en&o=3587159-1&h=197122128&u=http%3A%2F%2Fwww.hifglobal.com%2F&a=HIF+Global 
), the world's leading eFuels company, announced today that it has begun the 
development of Australia's first large-scale, carbon-neutral eFuels production 
facility in Tasmania. HIF Asia Pacific, a wholly owned subsidiary of HIF 
Global, filed a Notice of Intent (NoI) with the Tasmanian Environment 
Protection Authority (EPA) seeking approval for the facility, which will be 
located in north-west Tasmania.

Cesar Norton, President and CEO of HIF Global, said, "Our global plan is to 
produce over 8 billion liters a year of carbon neutral eFuels - enough to 
decarbonise 5 million vehicles. Australia represents our third decarbonisation 
hub around the world. Australia has exceptional renewable energy resources that 
can be transformed into liquid fuels and used in existing engines. Today, we 
begin the first step in Tasmania to produce hydrogen from renewable energy, 
capture carbon dioxide from a biogenic source and produce highly competitive 
eFuels that will be the carbon-neutral energy of tomorrow."

HIF Asia Pacific CEO Ignacio Hernandez explained, "At full operations, the HIF 
Tasmania facility is expected to produce up to 100 million litres per year of 
carbon neutral eFuels, reducing global CO2 emissions by approximately 260,000 
tons per year, the equivalent of decarbonising 52,000 cars on the road today. 
We expect to begin construction in 2024, prioritising local employment and 
technology. We look forward to working with our Australian partners as we 
develop this facility, which will help revolutionise the decarbonisation of 
global transportation."

The HIF Tasmania Carbon Neutral eFuel Facility ( 
https://c212.net/c/link/?t=0&l=en&o=3587159-1&h=3537474585&u=http%3A%2F%2Fwww.hiftasmania.com.au%2F&a=HIF+Tasmania+Carbon+Neutral+eFuel+Facility 
) will be located approximately 30 km south of Burnie. With 250 megawatts of 
electrolyser capacity and at least 40 years of operating life, the facility 
design is similar to other eFuels facilities in Chile and the United States 
that HIF Global is preparing for construction in 2023. The HIF Tasmania 
facility has been designed to be emissions free, with the water for 
electrolysis primarily extracted from biowaste.

About eFuels

Electricity based fuels, or eFuels, are clean, carbon neutral fuels produced 
from renewable energy, 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 engines and 
infrastructure.

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 utilised in existing infrastructure. The name HIF 
represents the mission of the company: to provide Highly Innovative Fuels to 
make decarbonisation of the planet possible. HIF Chile, HIF USA, HIF Asia 
Pacific, and HIF EMEA are wholly owned subsidiaries of HIF Global. HIF Chile is 
currently constructing the Haru Oni Demonstration Facility in Magallanes, 
Chile. For more information, visit www.hifglobal.com.

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 
facilities HIF Global expects to develop worldwide. 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 facilities in Asia-Pacific, 
Chile and USA; 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: Maria Jesus Sievers, mj.sievers@hifglobal.com, +56 9 4036 5027