After years of promises and millions in investments, Porsche today pumped the first gallons of its fully synthetic fuel into a car. That car? A 911, of course.
Porsche has been talking about eFuels since 2020, when it made a €20 million investment into a project with Siemens Energy to create a pilot plant in Punta Arenas, Chile. The house that Ferdinand built then backed that up with a further $75 million investment earlier this year, taking a 12.5% stake in HIF Global, the holding company for these eFuel production efforts.
EFuels are meant to be carbon-neutral alternates, allowing legacy vehicles to continue operating in the face of growing restrictions on carbon output from passenger vehicles.
Read Article