CRI to Build 30 CO2-to-methanol Production Plants in China

Iceland-based Carbon Recycling International (CRI) has announced it will build up to 30 CO2-to-methanol production plants in China by 2030. These units could eliminate about six million tons of CO2 emissions per year, according to CRI.

CRI’s technology can be retrofitted with existing industrial installations, taking advantage of the gas by-product, as well as wind and solar sources, to capture and reuse emitted CO2.

The Nordic Environment Finance Corporation is investing EUR 2 million in the project which is part of a larger financing round to fund CRI’s first commercial scale project in China based on the CO2-to-methanol conversion technology.

Carbon Recycling International was founded in 2006. The company’s first industrial scale facility based on its emissions-to-liquids technology was commissioned in Iceland in 2012. In 2017, the company incorporated a joint venture in China to market its technology, in partnership with Geely Automotive and Zixin Industrial Co. Ltd.