Baker Hughes (NASDAQ: BKR) and HIF Global announced on Tuesday that they have agreed to cooperate in developing a technology to capture carbon dioxide directly into the atmosphere (“CO2 Direct Air Capture” or “DAC”). Specifically, HIF Global and Baker Hughes intend to test pilot units of Baker Hughes’ Mosaic DAC technology to accelerate commercial-scale DAC deployment.
Innovative technology for efficient CO2 recycling
Cesar Norton, CEO of HIF Global, said, “Innovative technologies like Mosaic that enable efficient, low-cost capture of CO2 from our atmosphere represent the future of CO2 recycling. Working with our partner Baker Hughes on this important DAC initiative accelerates our 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 and decarbonize over 5 million vehicles on the road today.”
Lorenzo Simonelli, president and CEO of Baker Hughes, said, “Collaboration is key to supporting and accelerating the energy transition to combat climate change, and we are pleased to be working alongside HIF to support their important efforts in deploying eFuels at scale, using our Mosaic DAC technology.”
Production of synthetic fuels from green hydrogen
HIF Global recently began producing its first synthetic fuels from the Haru Oni demonstration facility in Magallanes, Chile, in December 2022. The eFuels facility produces green hydrogen from wind-generated electricity and water, and combines it with recycled carbon dioxide to produce eFuels, synthetic fuels that can be incorporated into existing vehicles without any engine modifications. HIF Global also plans to begin construction of the commercial-scale HIF Matagorda eFuels facility in Texas in the first quarter of 2024.
Decarbonizing the planet through innovative fuels
HIF Global’s mission is to provide highly innovative fuels to make the decarbonization of the planet possible. HIF Global’s wholly owned subsidiaries, HIF Chile, HIF USA, HIF Asia Pacific and HIF EMEA, are all involved in developing projects to convert hydrogen using low-cost renewable energy into carbon-neutral liquid e-fuels that can be transported and used in existing infrastructure. The production of synthetic fuels from green hydrogen by HIF Global represents a major step forward in the transition to innovative and environmentally friendly fuels.
Baker Hughes and Mosaic Materials form alliance to capture CO2 more efficiently and cost-effectively
Acquired by Baker Hughes in April 2022 to strengthen its carbon capture, utilization and storage (CCUS) portfolio, Mosaic Materials is focused on developing direct air capture technology using metal-organic framework (MOF) materials that can be used to separate CO2 from the atmosphere. Baker Hughes is using its advanced capabilities, including modular design and materials science, to develop and adapt Mosaic’s innovative technology to enable more efficient, lower cost direct air capture.
