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Synthetic fuels have been around for decades i.e. extracting from coal and converting to fuel so the Chile project is probably feasible in the long term, but again a lot depends on emissions when burntThere’s work being sponsored by various bodies to produce liquid fuels for vehicles and aircraft by using hydrogen and carbon dioxide. Porsche are investing significantly in the technolgy.
Here’s a link showing one such project based in Chile. The technology has been around for a long while. It must be old, as even I was involved in it in an other era.
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Can wind, water and air combine in a new energy revolution? This Chilean startup wants to find out | CNN
Highly Innovative Fuels is building a $55 million test facility for eFuels using wind power and captured carbon, which is scheduled to become operational later this year.edition.cnn.com
Hydrogen is probably the most environmentally friendly solution once they find a way to extract it at a reasonable cost. After all finding and drilling for oil, transporting it and then refining it for use also costs a lot of money.