Matagorda County, Texas Selected by HIF Global for eFuels Facility

Bay City, TX, April 28, 2022 – Matagorda County Economic Development Corporation in partnership with HIF Global, Texas Governor Greg Abbott, and various community partners, announced HIF USA’s selection of Matagorda County as the location of its first industrial-scale eFuels facility in North America.

HIF plans to make a capital investment of approximately $6 billion, creating approximately 3,000 direct jobs during the construction phase of the HIF Matagorda eFuels facility and more than 125 permanent operating jobs. The project is also expected to create thousands of direct and indirect jobs in the region. The company expects construction at the site to begin in 2023 and to produce eFuels from the facility by 2026.

HIF USA CEO Renato Pereira said, “I am grateful to the citizens of Matagorda County for welcoming the first American eFuels facility to the south coast of Texas. We are honored that Governor Abbott could be at this site announcement, demonstrating the commitment the state of Texas has to innovative businesses that will drive the future. Once again Texas has shown its leadership as the heart of America’s energy sector, galvanizing new energy supplies for the United States and the world.”

When the HIF Matagorda eFuels facility is fully operational, HIF anticipates producing approximately 200 million gallons a year of a carbon-neutral gasoline substitute that could decarbonize over 400,000 vehicles in the United States. The carbon-neutral gasoline substitute can be used in vehicles without any modification to existing engines or the infrastructure on which they depend. The carbon-neutral gasoline is produced by combining CO2 captured from the atmosphere with green hydrogen from renewable wind power.

“HIF is the perfect fit for Matagorda County. Our access to ports and rail along with a robust energy infrastructure make Matagorda County second to none. The Matagorda County team came together to present the very best, while HIF made it easy for our leadership to see how this investment fits perfectly into Matagorda County’s future. We welcome HIF.” said Scott Hardwick, Executive Director of the Matagorda County Economic Development Corporation.

“Bay City and Matagorda County are ready for HIF. Businesses are growing, subdivisions are being built, and our college is expanding their course offerings to accommodate HIF and other potential investors in our county. A better partnership, you cannot find.“ said Jessica Russell, Executive Director of Bay City Community Development Corporation. “It’s a great time to be a citizen of Matagorda County; we are set for success.”

About HIF

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 and HIF Australia 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 Matagorda County

Matagorda County is ideally situated on State Highway 35 between Galveston and Corpus Christi, Texas. Located just 65 miles from the Houston metro area, the county spreads out over 1,114 square miles of prairies, creeks, and rivers and boasts more than 65 miles of scenic Gulf Coast coastline. For more information, visit www.mcedc.net.