Carbon Recycling International (CRI) developed novel process of clean fuel production (renewable methanol: Vulcanol®). This emissions–to-Liquids (ETL) technology is an efficient energy carrier that can be used to easily store and transport off-peak renewable energy, stabilizing the power grid and supporting expansion of RES. In this project, CRI aims to a) scale up the technology and adapt ETL plants to economically operate with RES, b) to attract investment to build and operate ETL plants and c) to close distribution agreements for the produced Vulcanol®, which by 2024 will provide an annual profit of €95.4 million and an 8.2 years payback.
Poroject Lead: Carbon Recycling International (CRI)
Region: Europe
Country: Iceland
Timeline Start - End: 2019-01-01 - 2020-12-31
Project Status: Completed
Project Budget: 2610543.75 €
Funding source: 70% H2020
Activities:
- CCU (Power-to-X)
CO2 Source: Geothermal powerplants, waste-to-energy plants
CCU Tecnology Category: Capture (Point sources) and Utilization
Info On Utilization:
- Thermal conversion
- Chemical conversion
End TRL: 8
CO2 capture/Utilization:
Production Volume:
Product Categories:
- Chemicals
Specific Product(s): Methanol (Vulcanol®)
- Carbon Recycling International (CRI)