Examine the feasibility of fuel and chemical production from Hellisheidi Power Plant emissions

Carbon Recycling International (CRI) and Our Nature (ON), a subsidiary of Reykjavik Energy (OR) have signed a Memorandum of Understanding to study the feasiblity of production of renewable methanol and sulfuric acid from hydrogen sulfide and carbon dioxide emissions from Hellisheidi Geothermal Power Plant.

The two companies agree to explore the mutual benefit of curtailing emissions of hydrogen sulfide and carbon dioxide from the geothermal power plant by producing valuable commodities for export from the waste gas streams, utilizing renewable electricity from ON or other domestic power companies.

“By combining the knowledge of the two companies, we hope to show that hydrogen sulfide and carbon dioxide from the Hellisheidi power plant can be turned into useful products, in the same manner that we currently turn carbon dioxide into renewable transport fuel at our existing production plant in Reykjanes” said K-C Tran, CEO and co-founder of CRI.

Pall Erland, Managing Director of ON, says that the collaboration with CRI will bring efforts to utilize the geothermal resources in Hellisheidi in multiple ways to a new level. “We welcome every opportunity to create more value. There is a number of different streams emitted with the extracted geothermal fluid and we are highly motivated to turn them into additional sources of revenue,” he said.

Sulfuric acid is a widely traded global commodity, used in manufacturing of fertilizer, mining, as an electrolyte in car batteries and for chemical processing. Methanol is the simplest hydrocarbon, used both as gasoline component, in production of biodiesel, for production of other fuels and in a variety of chemical products.

According to the Memorandum of Understanding the companies will verify the feasibility of producing chemicals from the gases emitted by the Hellisheidi plant, survey available land, gases, steam, water and other utilities.

CRI was established in Reykjavik, Iceland in 2006. The company has built and operates the world’s first renewable methanol production plant, utilizing CO2 from flue gas and renewable energy. The product, which is sold under the registered trademark Vulcanol, is used in biodiesel production, both domestically and abroad, as well as an in gasoline blending. The production plant is located next to the HS Orka geothermal power plant in Grindavik.

Our Nature is a recently formed subsidiary of Reykjavik Energy (OR) and handles production and sales of electricity. ON owns and operates three power plants, including the geothermal power plants in Nesjavellir and Hellisheidi and a hydro power plant in Andakils river. ON also operates a small hydro power plant owned by Reykjavik Energy, in the Elliða river in Reykjavik.

The two companies agree to explore the mutual benefit of curtailing emissions of hydrogen sulfide and carbon dioxide from the geothermal power plant by producing valuable commodities for export from the waste gas streams, utilizing renewable electricity from ON or other domestic power companies.

"By combining the knowledge of the two companies, we hope to show that hydrogen sulfide and carbon dioxide from the Hellisheidi power plant can be turned into useful products, in the same manner that we currently turn carbon dioxide into renewable transport fuel at our existing production plant in Reykjanes" said K-C Tran, CEO and co-founder of CRI.

Pall Erland, Managing Director of ON, says that the collaboration with CRI will bring efforts to utilize the geothermal resources in Hellisheidi in multiple ways to a new level. "We welcome every opportunity to create more value. There is a number of different streams emitted with the extracted geothermal fluid and we are highly motivated to turn them into additional sources of revenue," he said.

Sulfuric acid is a widely traded global commodity, used in manufacturing of fertilizer, mining, as an electrolyte in car batteries and for chemical processing. Methanol is the simplest hydrocarbon, used both as gasoline component, in production of biodiesel, for production of other fuels and in a variety of chemical products.

According to the Memorandum of Understanding the companies will verify the feasibility of producing chemicals from the gases emitted by the Hellisheidi plant, survey available land, gases, steam, water and other utilities.

CRI was established in Reykjavik, Iceland in 2006. The company has built and operates the world's first renewable methanol production plant, utilizing CO2 from flue gas and renewable energy. The product, which is sold under the registered trademark Vulcanol, is used in biodiesel production, both domestically and abroad, as well as an in gasoline blending. The production plant is located next to the HS Orka geothermal power plant in Grindavik.

Our Nature is a recently formed subsidiary of Reykjavik Energy (OR) and handles production and sales of electricity. ON owns and operates three power plants, including the geothermal power plants in Nesjavellir and Hellisheidi and a hydro power plant in Andakils river. ON also operates a small hydro power plant owned by Reykjavik Energy, in the Elliða river in Reykjavik.