INERATEC and Ferrostaal Chile Announce Collaboration Agreement for Joint Development of e-Fuel Projects in Chile
Santiago, Chile - April 25, 2023 - Ineratec, a global leader in the field of Power-to-X, and Ferrostaal Chile, a renowned engineering and construction company, have announced a strategic collaboration agreement for the joint development of e-fuel projects in Chile. The partnership aims to establish and expand e-fuel production capabilities in the country, promoting clean and sustainable energy solutions to support the nation's energy transition.
The collaboration was solidified during a high-level meeting held on Friday, April 21, 2023, which brought together representatives from Ineratec, Ferrostaal Chile, Chilean Minister of Energy Diego Pardow, German Ambassador Irmgard Fellner and Annika Schüttler from AHK Chilean-German Chamber of Commerce. The meeting underscored the importance of public and private sector collaboration in driving the country's clean energy agenda forward.
As part of the agreement, both companies will work together on the design, construction, and operation of e-fuel facilities. These facilities will leverage Ineratec's cutting-edge, modular Power-to-X technology to convert renewable energy and carbon dioxide into synthetic fuels. The e-fuels produced will be utilized as sustainable alternatives to traditional fossil-based fuels, helping to reduce the nation’s carbon footprint.
Ferrostaal Chile will contribute its extensive experience in project management, engineering, and construction to ensure successful implementation and integration of e-fuel facilities. The collaboration is expected to bolster Chile’s position as a leading player in the global clean energy market while also creating new job opportunities and fostering economic growth in the country.
Chile’s renewable energy potential is substantial, with an estimated capacity of over 1,300 GW in solar, wind, and hydropower resources. The e-fuel sector is poised to play a significant role in utilizing this potential, with projections indicating that e-fuels could replace up to 20% of the country’s current liquid fuel consumption by 2040. Given this background, Chile as a so-called “sweet spot” offers optimal conditions and great potential regarding the price-parity production of e-fuels compared to fossil fuels.
Ludwig Hecker, CEO of Ferrostaal Chile, emphasized the importance of the partnership, stating, “Collaborating with Ineratec enables us to tap into Chile’s vast renewable energy potential and transform it into clean, sustainable e-fuels. This is not only vital for our country’s energy transition but also presents a significant opportunity for growth in the renewable energy ecosystem.”
Philipp Engelkamp, Co-founder and Managing Director of Ineratec, expressed his enthusiasm for the partnership, saying
“Climate protection must be addressed globally. Therefore, we are excited to join forces with Ferrostaal Chile to bring our advanced e-fuel technology to Chile. By combining our respective strengths, we can make a meaningful contribution to the fight against climate change and support Chile’s progress towards a greener, more sustainable future.”
Philipp Engelkamp, Co-founder and Managing Director of Ineratec
This collaboration is a testament to the shared vision and commitment of both companies to promoting clean energy and addressing climate change. As the demand for sustainable energy solutions continues to grow worldwide, the partnership between Ineratec and Ferrostaal Chile marks a significant milestone in the journey towards a more sustainable energy landscape in Chile and beyond.
INERATEC is a technology leader in the field of Power-to-X applications. The company supplies sustainable fuels as well as chemical products. Modular chemical plants for power-to-X and gas-to-liquid applications use hydrogen from renewable electricity and greenhouse gases such as CO2 to produce e-kerosene, CO2-neutral gasoline, clean diesel or synthetic waxes, methanol or SNG. Founded in 2016, INERATEC has already implemented industrial-scale power-to-liquid plants at German sites to boost the availability of sustainable fuels and chemicals in various transport sectors such as aviation. Further information can be found via www.ineratec.com.
Ferrostaal Chile is a leading engineering and construction firm specializing in industrial plant construction, project management, and engineering services. With a strong presence since 1949 in the Chilean market, the company is dedicated to providing high-quality, innovative solutions for a wide range of industries, including energy, petrochemicals, and infrastructure. Led by CEO Ludwig Hecker, Ferrostaal Chile is committed to driving positive change in the energy sector and beyond.
+ 49 1621852663