George Olah Plant

First Minister of Scotland visits CRI

On Thursday October 12th, CRI was honored to receive a visit from First
Minister of Scotland, Ms. Nicola Sturgeon, to Carbon Recycling
International's George Olah CO2-to-methanol plant.

The First Minister came to Iceland to attend the Arctic Circle Assembly, an
annual gathering in Reykjavik of governments, organizations and
corporations with an interest in securing a sustainable future for the
arctic region.

Director of Sales and Marketing at CRI, Ómar Sigurbjörnsson, took Ms.
Sturgeon and her staff on a tour of the production plant and explained
CRI's unique process, which produces renewable methanol by combining
CO2 and hydrogen, generated from water with electricity from renewable
sources. The plant is the first of its kind and demonstrates the technical and
economic feasibility of production of low carbon intensity fuels and
chemicals with carbon capture and utilization. 

When asked about the potential for collaboration between Scotland and
Iceland in a subsequent interview with Icelandic Channel 2 TV,  Ms. Sturgeon
said "...I went to visit Carbon Recycling International, out near the
Blue lagoon, and learned a lot there about how they're using CO2 to
create methanol clean energy. There's a lot for us to learn there."

At the Artic Circle Assembly, the Minister remarked “...with
Scotland employing almost 60,000 people in low carbon industries,
there is still scope for significant further growth. Our northern
nation neighbours are obvious partners in this. Scotland is taking an
increasingly prominent role in the work of the Arctic Circle Assembly
and associated cooperation, and I believe there are clear benefits for
us all by forming closer ties.”

National Planning Agency approves environmental impact assessment for CRI's CO2-to-methanol plant

The National Planning Agency has approved Carbon Recycling International's environmental impact assessment for the CO2-to-methanol plant in Svartsengi, Grindavik, Iceland. The plant meets all applicable legal and regulatory requirements. The agency concludes that the plant will have negligible impact on the natural environment or local resources. In fact the plant's production activity, which involves recycling of carbon dioxide emissions to produce a substitute for fossil fuel, helps to protect the global climate.

CRI's renewable methanol plant was constructed in two phases. The first phase was commissioned in 2012 and the second phase, which tripled the plant's hydrogen and methanol production, was commissioned in 2015. From 2012-2014 the plant operated as an experimental facility. After production capacity was ramped up to 12 metric tons of methanol per day the Planning Agency requested a formal environmental impact assessment, as required by the Environmental Impact Assessment Act no. 106/2000.

The impact assessment was published in draft form in December 2016 and has been publicly available for review. Following thorough investigation and stakeholder comments by local municipalities and agencies, the Agency has concluded that CRI's plant fulfils all applicable criteria and no effluents or material is emitted by the process or left untreated which could potentially harm the environment.

"CRI's mission is to provide innovative technology which benefits and protects the environment. We welcome the Planning Agency's assessment which shows that our CO2-to-methanol process fulfils the strictest legal and regulatory requirements," said Sindri Sindrason, Chief Executive of CRI.