Porsche invests £57 million in synthetic fuel maker HIF Global
The amount raised in this funding round is said to total more than $100m .
A key component of the Haru Oni project is using wind energy to create hydrogen and CO2-based synthetic fuels, which allow for"nearly CO2-neutral" use of internal combustion engines. However, Porsche also highlights the commercial transportation sector as an area where synthetic fuels could facilitate the ongoing use of existing fossil-fuelled vehicles.
"In addition, e-methanol is an important raw material for other applications, such as in the chemical industry, where it can replace raw materials of fossil origin. E-methanol is an intermediate product that's produced during the generation of e-fuel."
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