Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

A
sense
of
environment-consciousness
has
set
in,
with
people
and
companies
around
the
world
adopting
newer,
greener,
and
more
sustainable
practices.
In
the
automobile
industry,
almost
all
brands
seem
to
think
that
electric
vehicles
are
the
only
way
forward.
However,
there
are
a
few
brands
that
do
not
believe
only
in
electric,
but
also
in
sustainable
fuels.
Porsche
is
one
of
them.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

For
a
long
time
now,
Porsche
has
been
talking
of
sustainably-fueled
internal
combustion
engines
powering
cars
of
the
future.
Make
no
mistake,
Porsche
too
believes
in
EV
power.
In
fact,
with
the
Porsche
Taycan,
the
brand
has
proven
its
engineering
prowess
in
building
a
pure
electric
car.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

However,
the
brand
is
also
looking
at
using
carbon-neutral
internal
combustion
engines.
Porsche
is
an
enthusiasts’
brand
and
would
want
to
remain
that
way.
Most
of
the
brand’s
models
are
eternal
enthusiasts’
favourites.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

The
911
range
of
models
will
never
go
out
of
vogue
while
cars
like
the
Carrera
GT
will
remain
among
the
fastest
and
most
engaging
cars
to
drive.
The
Porsche
Cayenne
is
one
of
the
fastest
and
best-handling
SUVs
in
the
world
and
the
smaller
Porsches
like
the
Boxster
and
Cayman
are
much-loved.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

With
a
range
of
enthusiastic
cars
on
sale,
Porsche
would
want
to
keep
these
enthusiasts
in
the
fold
even
in
the
future.
This
is
why
sustainable
fuels
are
the
need
of
the
hour.
HIF
Global
is
one
of
the
best
in
the
business
when
it
comes
to
sustainable
fuels
and
eFuels
and
therefore
this
investment
makes
sense.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

What
makes
this
$75
million
investment
even
more
interesting
is
that
Porsche’s
partners
Siemens
Energy
and
ExxonMobil
are
also
involved
in
it.
They
are
among
the
biggest
energy
and
oil
producers
in
the
world
and
these
brands
coming
together
to
develop
some
eFuels.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

These
synthetic
fuels
will
allow
combustion
engines
to
be
operated
in
a
carbon-neutral
manner.
Even
the
production
of
these
fuels
will
be
powered
by
wind
energy
and
it
is
not
polluting
even
in
that
manner.
Production
of
these
eFuels
is
expected
to
start
halfway
through
2022.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels

Porsche
plans
to
use
these
fuels
in
its
flagship
motorsport
projects
and
will
also
be
used
to
fuel
up
the
internal
combustion
cars
at
Porsche
experience
centres
and
while
leaving
the
Porsche
factory.

Porsche Invests Rs 569 Crore In Sustainable Fuels: Porsche & HIF Global To Develop eFuels


Thoughts
On
Porsche
Investing
$75
Million
In
Sustainable
Fuel
Company
HIF
Global

As
aforementioned,
Porsche
is
an
Enthusiasts’
brand
and
is
looking
at
catering
to
enthusiasts.
Despite
the
magical
lap
times
and
0-100
times
clocked
by
some
fast
electric
cars,
there
are
still
enthusiasts
out
there
who
want
internal
combustion
engines
and
Porsche
seems
intent
on
using
sustainable
fuels
to
keep
these
internal
combustion
engines
powered.