CRI awarded grant for market development

 
 

The Icelandic Technology Development Fund (http://en.rannis.is/funding/research/technology-development-fund/nr/545) has awarded CRI with a 10 million ISK grant to expand its efforts in sales and marketing of its technology solutions and services in Europe and China. CRI will be offering technology that has been developed and demonstrated in Iceland for the past several years to energy and industrial companies. CRI‘s technolgy utilizes surplus or under utilized sources of energy and materials in the form of hydrogen and carbon dioxide to produce methanol.

The technology solutions can improve the control and utilization of high shares of intermittent renewable energy on the electrical grid.

Power to Fuel processes have gained attention in recent years as a solution to the storage of surplus energy, increasing energy security and supply of sustainable fuels.
 

Carbon Recycling International launches fleet test of Geely Emgrand 7 methanol powered vehicles

A fleet test of six Geely methanol powered vehicles (MPVs) fueled by renewable methanol will be launched by Carbon Recycling International (CRI) in Iceland in April. The Geely Emgrand 7 vehicles are the first such vehicles to be tested in Europe.

CRI in collaboration with Geely and Reykjavik based automotive services company Brimborg will implement a comprehensive fleet test program, where Geely MPVs will be operated on Vulcanol®, CRI’s brand of renewable methanol produced since 2012 in Iceland. The fleet test program will be implemented in three phases over a period of up to three years with the initial testing phase starting in April 2016.

Geely has provided six Emgrand 7 vehicles, model year 2015 for the test. The vehicles sport a 1.8 L spark-plug ignited flex-fuel engine capable of operating on unblended methanol, with regular gasoline as pilot fuel.  For the duration of the test the vehicles will be operated on Vulcanol™, CRI’s brand of renewable methanol which is produced from recycled CO2 emissions with Icelandic grid electricity, which is 100% from renewable sources. CRI, Geely and Brimborg will share technical results and plan to leverage the experience of this fleet test in joint promotion, marketing and commercial deployment of MPVs in Iceland and other European countries.

“CRI developed the power-to-methanol process with the vision that distributed low carbon intensity methanol production based on local feedstocks and energy has the potential to rapidly replace the use of fossil fuels, such as gasoline and diesel. Iceland presents optimal conditions both for the fuel production and deployment of vehicles which run on methanol from renewable power, which is essentially liquid electricity,” said KC Tran, CEO and co-founder of Carbon Recycling International. “Geely is a pioneer in developing this new generation of low emission vehicles and we are very excited about the opportunity to combine forces to test and demonstrate our fuel and Geely’s car technology in Iceland, with the broader European market in mind.”

Picture: Mr. KC Tran CEO of Carbon Recycling International with one of the Geely Emgrand 7 vehicles, powered by Vulcanol®.

First Geely Auto Methanol Vehicles in Europe Arrive in Iceland

The First Geely Auto Methanol Vehicles in Europe where introduced today at a Symposium held by Carbon Recycling International (CRI) in collaboration with Geely Auto and Brimborg car deler in Iceland. Geely Auto Group's (Geely Auto) pure methanol vehicles will be taking to Icelandic roads in a 12-month fleet test, driving on Renewable Methanol produced by CRI.

Initially six Emgrand EC7 methanol vehicles, which utilize a pure methanol 1.8L engine developed by Geely Auto, will enter the fleet trial in Iceland. The vehicles have been previously tried and tested throughout China in various fleets in Shanghai City, Shanxi and Guizhou provinces.

The move follows an agreement signed last July by Geely Auto's parent company Zhejiang Geely Holding Group to invest a total of US $45.5 million in CRI.

CRI will use the EC7s to carry out further testing of methanol vehicles and fuels in Iceland to further explore methanol fuel technologies. The vehicles will operate on 'liquid electricity' from CRI's pioneering power-to-methanol process. Renewable methanol produced by CRI's process is sold in Europe under the registered brand name 'Vulcanol'.

Geely Auto Group President and CEO Mr An Conghui commented: "We're excited to see our methanol vehicles move from China to an international platform. By working directly with a fuel provider such as CRI we will be able to further expand our understanding of methanol in different climes and driving conditions."

Mr. KC-Tran, CEO of CRI, said: "Our cooperation with Geely is transitioning from an investor relationship into a wider partnership; we welcome Geely's vehicles into this test pilot program and we are looking forward to sharing the results of our findings. This will give researchers, policy makers and others a much needed insight into the untapped possibilities of methanol as sustainable transport fuel."

KC Tran, CEO and Co-Founder of CRI and Ragnheidur Elin Arnadottir Minister of Industry and Commerce of Iceland, with the Geely Emgrand EC7 methanol vehicle.

KC Tran, CEO and Co-Founder of CRI and Ragnheidur Elin Arnadottir Minister of Industry and Commerce of Iceland, with the Geely Emgrand EC7 methanol vehicle.

CEO of CRI invited to debate key business recommendations during COP21 meetings in Paris

Carbon Recycling International has been invited to attend the Caring for Climate Business Forum at Paris – Le Bourget, during the UN Climate Change Conference (COP21), in Paris. The Forum is organized by UN Global Compact, UN Environment Programme (UNEP) and the secretariat of the UN Convention on Climate Change (UNFCCC).

KC Tran, CEO and co-founder of CRI will join other Chief Executives of Caring for Climate and UNEP-FI signatories with Government representatives for a high-level meeting, focusing on pricing carbon emissions and other key recommendations for Government actions that would help bring greater scale and quality to corporate climate leadership globally.

The Forum, which will be inaugurated by Ms. Ségolène Royal, French Minister of Ecology, Sustainable Develpoment and Energy, is part of the much-anticipated COP21 conference, in Paris November 30 - December 11 2015, where world leaders will attempt to reach the first universal and legally binding climate agreement for all major emitters, with the aim of keeping global warming below 2°C.

Among the topics of discussion during the Business Forum is setting emission targets and pricing carbon emissions by industry, responsible policy engagement by private companies, how industry can adapt and finance the renewable energy transition.

CRI has become a member of the UN Global Compact and the Caring for Climate initiative, the largest global business organization to address climate change, endorsed by 400 companies from 60 countries.

As the first global company to offer commercial scale solutions for production of liquid renewable transport fuel from recycled CO2 and hydrogen or electricity, Carbon Recycling International is recognized as a world leader in carbon recycling and power-to-liquids technology.