But sometimes it can go faster. A few days later in the hotel “Double Tree” in the center of the Chilean capital Santiago. The song “Let’s get physical” blares from the loudspeakers in the conference room, and sure enough, things get down to business. The Lother Group, a Hamburg-based petroleum company, a classic medium-sized enterprise, is planning to hit the big time. In the very south of Chile in Punta Arenas, where the strong wind blows, a factory for “e-fuels” is to be built. The green hydrogen is thus turned into climate-neutral synthetic gasoline. Large tankers then transport this substance to Hamburg and from there to the service stations of Europe.
Nine other medium-sized companies had joined forces with Lother to form the company eFuel GmbH, and a large new production site is now to be built in collaboration with the Chilean e-fuel manufacturer Highly Innovative Fuels (HIF), in which Porsche holds a 12.5 percent stake. Cost around 1.5 billion euros. “It’s still a matter of exact prices and some other agreements. But we are confident,” says Lother Managing Director Hanspeter Tiede and then signs a letter of intent with the Chilean partners. If all goes well, the final contract should follow.
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