Make no mistake: if Porsche can one day help to keep you in combustion-engined cars, it will.
The manufacturer has just confirmed that it will invest $75m in HIF Global LLC in return for a 'long-term stake' in the Santiago de Chile-based firm. The outlay is not just about R&D speculation either - the company in question is responsible for building the Haru Oni eFuel pilot plant, which, in partnership with Siemens Energy and ExxonMobil, is expected to begin the industrial production of 130,000 litres of eFuel from hydrogen and CO2 later this year.
While Porsche is not alone in participating in the latest round of international financing - in time, synthetic fuel will likely prove crucial to the future of aviation and shipping, too, making it an obvious avenue for venture capital - plainly it sees considerable value not just in the eventual exploitation of the end product, but also in acquiring a stake in the method of its mass production .
"We see ourselves as pioneers in eFuels and want to drive the technology. This is one building block in our clear, overall sustainability strategy," said Michael Steiner, the board member for R&D at Porsche. The firm has been researching the use of renewable fuel for some time, and plans to use the first eFuel from Chile to power is flagship motorsport projects.
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