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Agreement to Accelerate e-Fuels Deployment in Uruguay
By Pittaluga Abogados
HIF Global, one of the world’s leading e-Fuels company, and Alcoholes del Uruguay (ALUR), company of the state-owned ANCAP group, have signed an Implementation Agreement which establishes the framework for the interaction between a future e-Fuels facility and a biofuel plant nearby.
The new e-Fuels facility, with an estimated investment of USD 6 billion, aims to produce 700,000 tons of renewable fuels annually. It is expected to recycle 900,000 tons of CO₂ per year, of which approximately 150,000 tons will come from ALUR.
Cesar Norton, President and CEO of HIF Global, stated: “This agreement is an important step forward for our project in Uruguay, and we will continue working energetically towards its realization. We trust in our collaborative work with the authorities, which will allow us to keep Uruguay among the countries leading the production of renewable fuels”.
The agreement reaffirms the commitment to promote initiatives that foster a cleaner and more sustainable economy, while exploring opportunities to position Uruguay as a leader in innovative energy solutions for the world. Uruguay is one of the global leaders in energy transition, with over 97% of its electricity matrix derived from renewable sources.
Pittaluga Abogados
Pittaluga Abogados, has initiated its professional practice 20 years ago, as an Intellectual Property Law Firm.
After some years providing a specialized and top level service for foreign clients, many of them among the world premier companies, Pittaluga Abogados obtained a recognized international prestige in said field, which convert it into one of the leaders Intellectual Property Law Firms in Uruguay.
Thus, today in P&A we take pride in emphasizing that our goal has always been and will continue being, to keep a personal relationship with our clients, considering at all times the priorities of our clients as our own, with the belief that each one of them is unique and irreplaceable.
