Punta Arenas, August 28, 2025. The maritime sector's energy transition is taking a crucial step forward at the Naval Energy Summit, held in August 27-28 at the Naval Club in Valparaíso and gathering international experts on maritime energy transition.
During the summit's exhibition, the Chilean Navy and HIF Global revealed the results of a groundbreaking demonstration: for the first time in history, a naval vessel—a motorboat from the Hydrographic and Oceanographic Service (SHOA)—was fueled with e-Fuels, a synthetic gasoline produced at the HIF Haru Oni facility in Punta Arenas.
Around 100 liters of e-Fuel produced by HIF were blended in the same tank with conventional 93-octane gasoline. The fueling event, held in the Strait of Magellan, not only demonstrated the compatibility of both fuels but also confirmed that they deliver the same performance as traditional gasoline—without requiring any engine modifications.
"This fueling is very symbolic because the maritime industry is a hard-to-abate sector, and here we are demonstrating that progress is possible," said Juan Eduardo Gallardo, HIF Magallanes Manager. "It reflects the work and commitment of the people of Magallanes, who are now contributing their expertise from the far south of the world to a cleaner and more sustainable future for navigation."
Carlos Zúñiga, Director of SHOA, emphasized that the event "represents a very important milestone, because our main task is to create navigation charts, and for that, we rely on different types of ships and vessels. The fact that we now have carbon-neutral fuels produced in Chile fills us with pride, as we know we’ll have the necessary tools to continue our work."
With this initiative, the Chilean Navy and HIF Global have taken the first step toward exploring a collaborative partnership to advance the use of e-Fuels in the naval industry. SHOA First Lieutenant and Hydrographic and Oceanographic Naval Engineer, Harald Urbina, said, “the operation is part of an institutional research and knowledge program. We want to learn and understand more about synthetic gasoline and the environmental and institutional benefits it can offer."
e-Fuels are produced using renewable energy and recycled carbon dioxide, making them a carbon-neutral alternative ready to be used in existing infrastructure and engines. This technology opens a promising path for decarbonizing one of the most challenging sectors of global transport.
About HIF Global
HIF Global is the world’s leading e-Fuels company, developing global projects to convert renewable energy into renewable fuels that can be used in existing engines and infrastructure. The name HIF represents the company’s mission: to provide Highly Innovative Fuels to enable the planet’s decarbonization. HIF is already producing e-Fuels at its HIF Haru Oni facility in southern Chile and is developing commercial-scale projects in United States, Uruguay, Brazil, Australia and Chile. HIF’s shareholders include AME, EIG, Porsche, Idemitsu Kosan, MOL, JOGMEC, Baker Hughes and Gemstone Investments. For more information, visit www.hifglobal.com.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS: Information in this press release includes various statements that are forward-looking statements within the meaning of the U.S. federal securities laws. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as “can,” “expect,” potential,” “to be,” “will,” and similar expressions are used to identify forward-looking statements and convey the uncertainty of future events or outcomes. Forward-looking statements in this press release relate to, among other things, the expectations of our plans, strategies, and objectives, including with respect to the timing and other aspects of the HIF e-Fuels facilities. Such statements are based on management’s current expectations and assumptions and are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from expectations expressed or implied in the forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include (without limitation): our ability to timely obtain or maintain necessary permits to construct and develop the HIF e-Fuels facilities; our ability to execute operational objectives on a timely and successful basis; legislative, policy, fiscal and regulatory developments; the outcome of commercial negotiations; our ability to raise financing; consumer preferences or demand; and various economic, business, and competitive factors affecting our business. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. HIF Global urges you to carefully review and consider the cautionary statements made in this press release and cautions you not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. HIF Global undertakes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements, whether as a result of new information, future events or otherwise.