Carbon Recycling International has been selected by a jury of energy specialists as the winner of Wärtsilä’s SparkUp Energy Challenge. Close to 70 companies from across the world entered the challenge, and 4 companies were selected for the final round. The jury focused on which technologies would best address key challenges to the integration of 100% renewable sources in the power system. CRI gets the opportunity to collaborate with Wärtsilä on transformative projects as well as a monetary prize of 50.000 euros.
Carbon Recycling International (CRI) has pioneered the development of process technology to recycle CO2 into alcohols and liquid hydrocarbons. CRI operates the world’s first facility of its kind in Iceland which produces renewable methanol, a source of fuels and chemicals, from CO2 and H2 alone. This technology has the potential to replace hundreds of millions of tons of fossil fuel and reduce emissions of CO2 by billions of tons per year.