Converting Power to Fuel by Carbon Recycling

IMTOF2011CRIWEB

Carbon Recycling International (CRI) captures carbon dioxide from industrial emissions and converts carbon dioxide into Renewable Methanol (RM). RM is a clean fuel that can be blended at different levels with gasoline to meet renewable energy directives. The production process captures carbon dioxide and minimizes emissions from energy intensive industries. CRI's methanol is compatible with existing energy and fuel infrastructure.

RM is a blend fuel for existing automobiles and hybrid flexible vehicles and can be purchased at existing gasoline stations. The production of RM is feasible at many locations around the world with geothermal, wind, and solar energy sources. CRI plans to build commercial plants for both domestic consumption and export to other European countries.

Carbon Recycling International implements power-to-fuel technology in Germany

Carbon Recycling International (CRI) will collaborate with industrial partners from Germany, Spain and Belgium to implement its Emissions-to-Liquids technology in an innovative renewable fuel production plant, recycling carbon-dioxide emissions from a coal-fired power plant in Germany. The project has a budget of 11 million Euros and is partially funded by a grant from the EU Horizon2020 research program.

This represents a milestone for CRI in deploying its technology solutions into Europe, which include future sales of equipment and services for end-to-end power-to-fuels technology solutions.

"This project will deploy technology solutions for electrolysis with fast response time, carbon capture and utilization from coal fired power-plants and chemical energy storage applications. These technologies will play a crucial role in the German energy-transition," said KC Tran, CEO and co-founder of CRI. "I am also pleased that the project will enable further development of manufacturing capability in Iceland for chemical engineering applications."

German authorities want at least half of the energy consumed by households and industry to be met with renewable energy sources. This creates a need for technology which can utilize intermittent and surplus energy while decreasing the emissions of greenhouse gas.

CRI technology decreases emissions and converts carbon dioxide (CO2) into sustainable renewable liquid transport fuels for gasoline and diesel powered engines. The technology will be used in the power, steel and chemical industries. According to Member State policy mandates, EU annual consumption of renewable transport fuels should grow by nearly 20 million tons by 2020, leading to a decrease of annual CO2 emissions from transport by over 50 million tons.

The project will last three to four years and involves design, building and testing of systems to demonstrate the utilization of surplus and intermittent renewable energy sources and CO2 for the production of value added sustainable chemicals and fuel.

CRI's role in the project consists of the design, manufacturing and installation of a dynamic power-to-fuels system. The facility will capture carbon dioxide from the emissions of a coal-fired power plant.

The project partners include Mitsubishi Hitachi Power Systems Europe as system integrator and several universities and research institutions in Europe.

CRI produces renewable methanol, under the brand name Vulcanol, at its Emissions-to-Liquids production facility in Grindavik, Iceland. CRI technology catalytically converts electricity and carbon dioxide into renewable methanol. Methanol, one of the most common chemical feedstocks, is widely used in gasoline blending, for biodiesel production and production of chemical derivatives.

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.

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CRI and HS Orka sign new Power Purchase agreement

Carbon Recycling International (CRI) and HS Orka have signed a new and expanded Power Purchase agreement. HS Orka guarantees availability of sufficient power for CRI's expanded fuel production plant, which is located next to HS Orka's geothermal power plant in Svartsengi, Grindavik on the Reykjanes peninsula.

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Methanex and Carbon Recycling International sign landmark Investment Agreement for Advanced Renewable fuel production

REYKJAVIK, ICELAND, JULY 30, 2013 - Methanex Corporation (TSX:MX)(NASDAQ:MEOH) announced today an initial $5 million investment in Carbon Recycling International (CRI), a privately held company with headquarters in Reykjavik, Iceland. Methanex will also evaluate further investments to support CRI's growth. CRI operates the world's first renewable methanol plant in Iceland which utilizes its emissions-to-liquids (ETL) technology, converting renewable energy and recycled CO2 emissions to renewable methanol. As a result of this investment, Methanex will become one of the key shareholders of CRI, with Board representation.

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Converting pollution into renewable methanol and sulfuric acid

Morgunbladid May 3

• Proposal for production of methanol and sulfuric acid at Hellisheidi
• Hydrogen sulfide pollution would be mitigated

Carbon Recycling International (CRI) has presented Reykjavik Energy (Orkuveita Reykjavikur) with a proposal for plants to produce revenue from carbon dioxide and hydrogen sulfide emissions from the Hellisheidi power plant. The estimated export revenue for the production materials, methanol and sulfuric acid, would be about four billion ISK per year and investment in the production plant about 6-7 IS per year. The company operates a methanol plant at Svartsengi and the same technology would be used for production at Hellisheidi. The method for sulfuric acid production is based on technology already in use internationally.

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Iceland Innovates Fuel Breakthrough

In what may be the ultimate green fuel breakthrough this decade, Iceland's innovative clean tech company, Carbon Recycling International (CRI), has just shipped its first tanker of alternative fuel bound for the Netherlands.

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SGS certifies methanol plant of CRI according to ISCC PLUS – First certificate for renewable fuels of non-biological origin

SGS Germany GmbH has issued the first ISCC PLUS certificate for renewable fuels of non-biological origin for the renewable methanol plant of Icelandic company Carbon Recycling International (CRI).

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Icelandic fuel from geothermal sources sold in Holland

The first shipment of renewable transport fuel from Carbon Recycling International's production plant in Iceland has been shipped to Dutch oil company Argos in Rotterdam. Argos is a leading oil company in Northern Europe. Carbon Recycling International (CRI) expects to ship all of its production which is not consumed by the domestic market to the Netherlands this year. The fuel, renewable methanol traded under the brand name Vulcanol, is produced from water, renewable electricity and CO2 and can be blended with regular gasoline.

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Carbon Recycling International receives an award on Innovation in Germany

Carbon Recycling International (CRI) received an award for innovations at a conference on Carbon Dioxide as Feedstock for Chemistry and Polymers. The conference was held in Essen, Germany 10-11 of October by NOVA – Institute for Ecology and Innovations, Ministry of Innovation of Northern Westfallen and University of Duisburg-Essen.

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