Porsche buys into group eyeing $1b e-fuels plant in Australia

a $100 million stake in e-fuels group HIF Global, which is planning a potential $1 billion production plant in Australia to make synthetic fuels, modelled on a pilot plant it is building in southern Chile.

HIF Global is looking at prospective sites in northern Queensland, Victoria and Tasmania. Access to renewable energy and high winds is important for the technologically ambitious project. Porsche executive board member for procurement Barbara Frenkel said over time there would be extra pressure on petrol from government taxes around the world which would help the take-up of synthetic fuels.

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