- Porsche is investing $ 75 million in the Chilean company HIF, which has developed a method to create a synthetic liquid fuel that can be used in any gasoline engine, as well as virtually carbon-neutral.
- Porsche has said it remains committed to electric transmissions for future models, but is reluctant to leave its current customers behind. The answer is carbon-neutral synthetic fuels.
- HIF plans to start production of its eFuel in the middle of this year, and Porsche will use fuel in motorsport when it becomes available.
Porsche’s interest in synthetic fuels has been around for several years, but the reasons for the company’s desire to offer a sustainable alternative to gasoline go back to its racing past and racing past. 911. Today, Porsche announced a big step forward in the production of commercial liquid synthetic fuels: an investment of $ 75 million in the Chilean manufacturer eFuel Highly Innovative Fuels (HIF).
Porsche (and the Volkswagen Group as a whole) are still investing in bringing more electric vehicles to market, and Porsche itself is spending hundreds of millions of dollars on EV technology. But the new EVs don’t help today’s Porsche owners, and that’s where Porsche’s investment in a gas substitute called eFuel comes in. Porsche says that electric-based synthetic fuel, which is produced using wind energy, is almost carbon-neutral and is ideal for driving enthusiasts. The company wants to sell eFuel in its centers of expertise and may one day supply all new cars with the eFuel tank, Porsche CEO Michael Steiner told a news conference, but there is another important market for carbon-neutral fuels. .
“Apart from racing and the Porsche Experience Center, the iconic 911 is the main focus for our eFuel project,” Steiner said. Porsche knows it doesn’t matter in the overall picture when you say you’re eliminating carbon emissions from this or that model; the key is to get rid of fossil fuels. If you can do it and still drive a liquid car, why not make it a 911? Said Steiner. Porsche wants to give its drivers this option where possible.
“Do we offer [our eFuel] all over the world, I would say no, “he said.” But in terms of fuel consumption, our goal is to make sure that all fuel consumed, such as 911s, is provided as electronic fuel, but not in every place. “
Porsche’s $ 75 million investment is enough to give the automaker a stake in HIF of about 12.5 percent. The HIF eFuel production method, developed with Siemens Energy and ExxonMobil, uses wind energy to convert hydrogen and CO2 into liquid fuels. HIF expects to start eFuel production in Chile in the middle of this year.
This fuel works in any car that burns gasoline, and that’s exactly what you need to do with carbon neutral, Steiner said. Porsche could probably design fuel for a specific engine, but any efficiency gains you find won’t solve the main problem: allowing the old 911 to continue driving on the streets without contributing to global warming.
“Answer: No, we do not plan to develop new internal combustion engine technology for the specially designed eFuel,” he said. “The main reason is that … if you use developed fuel, you can’t use that fuel in your existing fleet.”
Part of Porsche HIF’s investment will be spent on relocating eFuel production to countries other than Chile, such as the United States and Australia. Porsche said it believes airline and ocean shipping companies may also be interested in eFuels. Porsche plans to introduce eFuels to the world through “flagship motorsport projects”, but no details have been released.
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