CRI develops innovative technology, engineers, builds and operates Emissions-to-Liquids methanol production plants and offers comprehensive client services including licensing, construction and operation. CRI also produces renewable methanol under the registered brand name Vulcanol (TM) on a commercial scale at its production facility in Grindavik, Iceland. We are working with our partners and clients to develop larger scale production facilities in Iceland and other countries.
Vulcanol (TM) is CRI's brand name for renewable methanol, produced from carbon dioxide and hydrogen from renewable sources of electricity (hydro, geothermal, wind and solar). In our first commercial scale production plant we obtain carbon dioxide by processing of gas emissions from a geothermal power plant and obtain hydrogen by electrolysis of water using renewable sources of energy from the Icelandic power grid (from hydro, geothermal and wind sources). This is the world's first production of a liquid renewable transport fuel from non-biological sources of energy. Currently we have a 4000 metric ton/year production capacity.
Chemically, Vulcanol (TM) is fuel grade methanol, a clean burning, high octane fuel that can be blended with gasoline for automobiles and used in the production of biodiesel or fuel ethers (DME, MTBE, OME etc.). Renewable methanol is also a low-carbon feedstock for production of synthetic materials.
Among uses for Vulcanol (TM) is gasoline blending, biodiesel production and production of synthetic materials. Among our clients are companies in Iceland, Sweden, the Netherlands and China.
Vulcanol from our current production plant reduces carbon emissions by more than 90% compared to fossil fuels, in the complete product life-cycle, from extraction, production to end use. The process is certified by SGS Germany according to the ISCC Plus system, based on standard ISCC EU methodology for calculation of GHG emissions in the product life-cycle.
Biofuels, such as ethanol and biodiesel, are produced using fossil fuel inputs and scarce agricultural resources. The production of Vulcanol requires no arable land, produces no direct emissions of greenhouse gas in the production process and uses energy from renewable sources with known cost and minimal environmental impact.