Who we are

Carbon Recycling International (CRI) was founded in Iceland in 2006 around the idea of utilizing carbon dioxide emissions in a circular process. Out of our main office in Reykjavik, over 40 professionals with advanced degrees in engineering, science and commerce work towards developing and marketing a process for producing methanol fuel from industrial carbon dioxide emissions. “The Methanol Economy”, by late Dr. George Olah served as inspiration for our efforts, and to honor his work the first commercial scale renewable methanol plant in the world was named after him.

Guided by values of leadership, sustainability, cooperation, innovation and development, we facilitate a transition to a more circular economy our innovative approach to carbon capture and utilisation across the world.

What we do

The consensus view of the global climate science community based on current evidence is that avoiding the worst impacts of climate change will require concerted global action to reduce atmospheric carbon. CRI’s ETL process represents an enabling technology for the transition to a circular economy capable of zero net CO2 emissions and reduce society’s dependence on fossil fuels, supporting three key developments towards a more sustainable, circular economy:

 
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Carbon Reduction

CRI’s ETL technology enables large scale valorization of CO2 and/or hydrogen waste streams, providing an economic incentive for carbon reduction in industrial manufacturing and power generation. Through the virtuous cycle of CO2 reduction and the potential for vastly increased use of renewable electricity, societies can more rapidly wean themselves of dependency on fossil fuels and become both carbon neutral and energy independent.

Energy storage

A key challenge to increased integration of renewable energy into the global power network is the fluctuating nature of wind and solar power as the transmission networks aren’t designed to accommodate dynamic power loads. Combining water electrolysis with production of methanol is the most efficient method of storing energy in the form of a liquid fuel and offers desired load following capability to the grid.

Energy transition

Methanol is a versatile molecule used as clean burning fuel and base chemical for various processes. Methanol produced using CRI’s technology consists of ultra-low carbon intensity, or a carbon reduction of more than 90% compared to fossil fuels, in the complete product life-cycle. Methanol combusts without forming particles and soot, emits no sulphur compounds and forms small amounts of nitrous oxides, representing a viable solution for the energy transition of mobility and chemical production.

How we do it

CRI’s Emissions-to-Liquids (ETL) process was developed to meet the growing demand from industry and transport for renewable synthetic fuels and sustainable carbon feedstock. At its core, the ETL technology utilizes CO2 and hydrogen as raw materials to produce green methanol, an advanced fuel and greener substitute for conventional methanol, providing both economic and environmental benefits. CRI’s ETL process is based on five main building blocks: Carbon capture and purification, hydrogen generation or processing from by-product streams, compression, catalytic synthesis and distillation. The following features represent the technical advantages and key innovation of the ETL process:

Applicability: ETL plant designs are tailored to reflect feedstock availability of various applications, encompassing within their scope industrial manufacturing of different calibres. The skid-based modular ETL system can be adapted to different sources of CO2 and hydrogen

Efficiency: Various factors integrated into the ETL process, including selective CO2 hydrogenation process,low amount of by-products, effective heat integration and validated catalyst performanc, allow ETL to consume less energy.

Flexibility: The ETL reaction system enables high turndown and operational flexibility. The system responds quickly to changes in raw material or energy supply and can be configured to reflect fluctuating energy supply enabling load-following for energy storage

Profitability: The ETL process offers inhernet profitabiltiy to its adaptors, based on proven upstream costs, existing operational data and market prices supported by global trends. ETL plants offera competitive CAPEX at lower scale of production.

Safety: The ETL process' direct reaction offers inherent safety benefits

Sustainability: ETL production plants cause no greenhouse gas emissions, form no toxic by-products and require no arable land or biological feedstock. The ETL process produces no surplus streams as the ideal ratio of raw material can be adjusted precisely. The principals of life-cycle-analysis (LCA) are incorporated into the process design, ensuring processt sustainability and product value.

Technical Maturity: CRI was the first and to date only company to have reached the milestone of producing of a synthetic liquid fuel at industrial scale from CO2 capture. The company continues operation of its industrial production plant and working on continuous improvement of process design, automation and operating procedures,thus having years of practical experience demonstrated excellence. CRI has already delivered two small-scale ETL systems and established project pipelines in Europe and China

Our Values

 
We leverage our experience to guide others towards a more sustainable future

We leverage our experience to guide others towards a more sustainable future

We strive to meet the needs of the present without compromising the future in all our work

We strive to meet the needs of the present without compromising the future in all our work

We work towards developing novel solutions to important challenges

We work towards developing novel solutions to important challenges

We build on collaborative effort to achieve desired results

We build on collaborative effort to achieve desired results

We are willing take on new challenges for continued growth and expanding competencie s

We are willing take on new challenges for continued growth and expanding competencies

 
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Board Of Directors

CRI’s board of directors consists of qualified executives with diverse backgrounds, dedicated to guiding the company towards its mission.

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Management

CRI’s management team employs its strong leadership and and international experience in key fields of expertise to drive our business success, forging the path towards a more circular economy .

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Careers

Carbon Recycling International is driven by a strong team of talented professionals who every day commit their skills, motivation and expertise to facilitating a future where carbon emissions are viewed as a resource for production of valuable commodities.