HIF Global, the world’s leading e-Fuels company, through its subsidiary HIF Uruguay, has signed a new memorandum of understanding (MoU) with the Government of Uruguay reaffirming both parties’ commitment to the e-Fuels project in Paysandú.

The agreement establishes the technical and institutional milestones required for the pre-investment decision phase and confirms the signatories’ intent to move forward with the project, which includes the e-Fuels production facility and the renewable energy parks that will power its operations: the Lucía Solar Park and the Elena Wind Park.

It also sets guidelines for revitalising railway lines needed to transport synthetic fuels to the Port of Montevideo, integrating strategic logistics infrastructure for future operations.

The agreement establishes a High-Level Committee and a Technical Committee, composed of government authorities and HIF representatives, responsible for coordinating and executing the necessary milestones for project progress, such as energy agreements, environmental permits, easement definitions, and railway infrastructure, among other critical elements for implementation.

HIF Paysandú envisions the construction of an industrial facility to produce e-Fuels from green hydrogen and recycled CO₂, to be executed in four stages. Once completed, the plant will have a production capacity of up to 880,000 tonnes per year, equivalent to decarbonising more than 400,000 vehicles. The project involves an investment of over US$5.3 billion (€4.25 billion) and the creation of approximately 1,400 jobs during construction and 300 permanent jobs during operations.