Porsche is increasing its investment in Highly Innovative Fuels Global to $75 million. The funds will be used to create a fuel that will be produced in the United States, Australia, and Chile. The goal is to start mass production of a new form of fuel derived from hydrogen and carbon dioxide by the middle of the year.
“eFuels make a significant contribution to climate protection and provide a useful complement to our electromobility. Porsche is demonstrating its commitment to sustainable transportation by investing in industrial eFuel production. Our entire investment in the creation and provision of this cutting-edge technology exceeds $ 100 million.” Porsche board member Barbara Frenkel.
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