The possibility of building a plant which produces liquified transport fuel from municipal waste from the Reykjavík area is being investigated. The plant will use a new technology developed by CRI for production of renewable methanol from emissions and waste, according to reports from Sorpa and CRI. All conventional gasoline cars can use low volume methanol blends and FFV´s can use higher volume methanol blends.
The technology is based on breaking down waste to its elemental components at a temperature higher than the melting point af aluminum. According to a news report, the economic savings of replacing all the transport fuels used in Iceland with fuel produced by the plant, as opposed to importing fossil fuels, would amount to billions of ISK annually. Recycling of waste could reduce imports of fuels and emissions of greenhouse gases; additionally, the need for landfills in their present form would be reduced.
The plant could potentially begin production in 2015. In the near future, a collaborative group from the companies will research feasibility and establish criteria for building the new plant. It is proposed that plans regarding design and investments will be finished later this year. Once operational criteria and financing are completed, the design and construction of such a plant will take about two years.