HIF Global, LOTHER GRUPPE and eFuel GmbH signed a Letter of Intent (“LOI”) seeking to accelerate the availability of eFuels in Europe.
HIF Global President and CEO Cesar Norton said, "An alliance with LOTHER GRUPPE and eFuel GmbH is a step forward in meeting our shared goal to accelerate decarbonization through the production of carbon-neutral eFuels. We will work together to make this initial agreement a reality so that our eFuels can be delivered in Germany and beyond."
Lorenz Kiene, eFuel GmbH Managing Director, emphasized the interest in promoting the entry of eFuels into the European market: “With the development of the needed logistics infrastructure to produce synthetic fuels, Hamburg projects itself as a European hub for the distribution of this green energy. We believe this is a key project, which combines business and ecology in a sustainable way."
LOTHER GRUPPE is a German company founded in 1938, which today operates more than 100 gas stations in northern Germany and is - together with nine other medium-sized companies - the driving force behind eFuel GmbH, an association that seeks to promote new technologies and participates in innovative companies and projects.
The LOI signing ceremony was held in Santiago de Chile as part of the Hamburg Delegation visit to the country and included the presence of the 1st Prime Minister and 1st Mayor of the Free and Hanseatic City of Hamburg Dr Peter Tschentscher and State Councilor and Plenipotentiary of the Free and Hanseatic City of Hamburg Almut Möller, as well as member of the parliament of the Free and Hanseatic City Hansjörg Schmidt MdHB.
After the LOI signing ceremony, the German executives visited the Haru Oni Demonstration plant under construction in Magallanes, Chile, where they were able to see the progress and details of the eFuels production process.
