Porsche and Siemens break ground on low-carbon e-fuel plant in Chile

Porsche and Siemens are developing a low-carbon synthetic fuel that combines green hydrogen (produced by wind-powered electrolysis) with carbon dioxide (filtered from the atmosphere) to form methanol, which is in turn then turned into gasoline. On Friday, the two organizations broke ground on the Haru Oni manufacturing plant near Punta Arenas in Chile. Assuming all goes to plan, the plant should be able to produce 34,000 gallons (130,000 L) of synthetic fuel in 2022, before scaling up to 14.5 million gallons (55 million L) by 2024 and 145 million gallons (550 million L) by 2026, at a cost of around $7.6 per gallon ($2 per L).