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CirclEnergy

  • Project Description

    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)

  • Geographical Information

    Region: Europe

    Country: Iceland

  • Project Boundaries

    Timeline Start - End: 2019-01-01 - 2020-12-31

    Project Status: Completed

    Project Budget: 2610543.75 €

    Funding source: 70% H2020

  • Technological Information

    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

  • Technological Details

    CO2 capture/Utilization:

    Production Volume:

  • Product Information

    Product Categories:

    - Chemicals

    Specific Product(s): Methanol (Vulcanol®)

  • Partners

    - Carbon Recycling International (CRI)