Iceland’s Carbon Recycling Sees Rising Demand for Renewable Fuel
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Carbon Recycling International ehf, which this month sold its first renewable methanol fuel, expects to boost production by a 100-fold over the next five years to capture European demand.
The company now produces 1.5 million liters and has the capacity to produce about 5 million liters. It plans to boost that to 150 million liters over the next five years, Benedikt Stefansson, director of business development at the Reykjavik-based company, said in a telephone interview.