Baker Hughes Co (BKR.O) announced its plans to work with synthetic fuel manufacturer HIF Global to jointly develop direct air capture (DAC) technology.
The aim of the newly formed partnership is to the technology provided by Mosaic Materials for the potential to deploy DAC at commercial scale.
HIF Global expects to have the technology deployed at its eFuel facility in Chile and possibly at its planned facility in Texas, construction of which is expected to start in 2024.
eFuel, or synthetic fuel, as it is also called, is made with CO2 that is pulled from the atmosphere and combined with hydrogen.
Essentially, it can be classified as carbon-negative fuel, and one of its main advantages is that it can be used in existing vehicles without having to modify them.
This partnership between HIF and Baker Hughes is set to speed up HIF’s plan to capture “25 million tons per year of CO2 and combine it with green hydrogen to produce 150,000 barrels per day of eFuels,” according to HIF Chief Executive Cesar Norton.
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