Hughes Co (BKR.O) has teamed up with synthetic fuel maker HIF Global to develop technology for Direct Air Capture (DAC) of carbon dioxide. The partnership aims to test Mosaic Materials’ technology to accelerate DAC deployment at a commercial scale.
The project involves combining carbon dioxide extracted from the atmosphere with hydrogen to produce synthetic fuel, or eFuel. This fuel can be used in existing vehicles without requiring any modifications, making it an attractive alternative to traditional fossil fuels.
HIF Global currently operates an eFuel facility in Chile and expects to begin construction of another in Texas in 2024. It anticipates the deployment of Baker Hughes’ technology at these sites.
The partnership aims to capture 25 million tons per year of CO2 and combine it with green hydrogen to produce 150,000 barrels per day of eFuels. This is expected to decarbonize over 5 million vehicles in use today, according to HIF Chief Executive Cesar Norton.
As energy companies like Occidental Petroleum Corp (OXY.N) increase investments in DAC technology to combat global warming, the partnership between Baker Hughes and HIF Global is a step towards achieving a sustainable energy future. The collaboration is expected to contribute significantly to the reduction of carbon emissions and the development of cleaner energy sources.
Direct air capture is a process that involves removing carbon dioxide from the air and storing it in a way that prevents it from re-entering the atmosphere. This technology has the potential to help address climate change by reducing the amount of carbon dioxide in the atmosphere.
Baker Hughes and HIF Global are not the only companies investing in direct air capture technology. Microsoft recently announced a plan to remove all the carbon dioxide it has ever emitted since its founding in 1975. The company aims to achieve this goal by 2050, using direct air capture technology and other measures.
The global demand for sustainable energy sources is growing, and companies like Baker Hughes and HIF Global are taking steps to meet this demand. The use of eFuels produced from direct air capture technology could significantly reduce the carbon footprint of the transportation sector.
The partnership between Baker Hughes and HIF Global is an example of the collaboration needed to drive progress towards a sustainable future. By combining their expertise and resources, the companies aim to accelerate the deployment of direct air capture technology and contribute to the decarbonization of the global economy.
Baker Hughes Co’s partnership with HIF Global to develop technology for direct air capture of carbon dioxide is a significant step towards achieving a sustainable energy future. The use of eFuels produced from direct air capture technology has the potential to significantly reduce the carbon footprint of the transportation sector. As more companies invest in direct air capture technology, we can expect to see further progress towards a decarbonized global economy.
