HIF Global and Empresas GASCO, announced the first production of carbon-neutral liquefied gas ("eLG") generated with renewable energy from the strong winds of the Magallanes Region, at the Haru Oni eFuels facility in southern Chile. The project involved an R&D investment of $3 million from GASCO and is part of the agreement signed in 2021 between both companies to promote a more sustainable gas that can be used, stored, and transported as conventional liquefied gas, without modifications required to infrastructure, capacity or equipment. eLG is a carbon-neutral liquefying gas that originates as a by-product of the synthetic gasoline production process at HIF's Haru Oni eFuel facility, during the conversion of eMethanol to eGasoline, using MtG (Methanol-to-Gasoline) technology.

The technology launched allows eLG to be captured and stored. To be commercialized, eLG must be blended with traditional liquefied gas, in a proportion of eLG estimated to be between 10% and 30% of the total content. Its use is wide and diverse, and it can be applied in the different gas-based energy solutions offered by GASCO, which, in a first stage, is expected to reach a production of 10,000 cylinders.

GASCO has performed, and will continue to perform, analyses and tests to certify the safety of the eLG's use and comply with existing regulations. The eLG is expected to be applied in the future in the various GASCO formats and energy applications. In addition, HIF Global and GASCO, together with the University of Magallanes, developed the first eFuels laboratory, located in the city of Punta Arenas.

This laboratory not only provides services for the Haru Oni e Fuels facility but also strengthens the connection that both companies have with the academic community of Magallanes, to create knowledge and human capital that helps position the region as a leading player in Chile and globally in the fight against climate change.