Porsche strengthens commitment to industrial production of eFuels

Stuttgart/Santiago de Chile. Porsche is investing $75 million in HIF Global LLC. In return, the sports car manufacturer is acquiring a long-term stake in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities.

The Sports Car manufacturer is doing its best to ensure that you can continue to drive their ICE vehicles in the future, with its continued commitment to developing carbon-neutral eFuels.

Porsche has been researching the use of renewable fuels for some time. Tests in the laboratory and on the race track are proceeding successfully: “We see ourselves as pioneers in eFuels and want to drive the technology. This is one building block in our clear, overall sustainability strategy,” emphasizes Michael Steiner.

Porsche initially plans to use the eFuel from Chile in motorsport flagship projects. In the future, it is also conceivable that they will be used to fuel the company’s own vehicles with combustion engines during initial fuelling at the factory, and at Porsche Experience Centers.

Let’s hope they are successful. Long live the sound of the ICE!