Hydrogen-based e-fuel developer HIF Global has secured a significant investment from Mitsui O.S.K Lines (MOL), bringing its total backing to $220m since the turn of the year.
Announced through its MOL Clean Energy subsidiary, this agreement represents the third Japanese investor to announce its support of HIF, with Idemitsu Kosan and Jogmec previously providing $114m and $36m, respectively.
H2 View understands the MOL investment could be worth $20m, after the company announced in August that the Jogmec funding brought its total backing in 2024 to $200m.
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