Latham & Watkins Advises HIF Global on US$36 Million Equity Investment by Japan Organization for Metals and Energy Security

HIF Global announced a US$36 million equity investment by the Japan Organization for Metals and Energy Security (JOGMEC), a Japanese government agency, via Idemitsu Efuels America Corp. to expand HIF’s e-Fuels projects in the US, Australia, Chile, and Uruguay. When combined with the investments by Idemitsu and existing shareholders announced in May 2024, HIF Global has been able to secure US$200 million of new funding year-to-date to fund the development of its e-Fuels projects globally.

Latham & Watkins LLP represents HIF Global in the transaction with a corporate deal team led by New York partner Tony Del Pino and Houston partner Lauren Anderson, with associates Ashley Nguyen and Justin Reinking. Advice was also provided on employment and benefits matters by Washington, D.C. counsel Laura Szarmach; on tax matters by Houston partner Jim Cole; on environmental matters by Los Angeles/Houston partner Joshua Marnitz; on CFIUS matters by Washington, D.C. partner Jim Barker; and on antitrust matters by Washington, D.C. partners Jason Cruise and Peter Todaro.

The firm also advised on the aforementioned investment by Idemitsu.