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February 07, 2016 6:15 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Carbon Recycling International

Company Overview

Carbon Recycling International captures carbon dioxide from industrial emissions and converts it into clean renewable methanol fuel in Europe. Its liquid fuels are blended with various grades of gasoline for existing automobiles and hybrid flexible vehicles. The company distributes its products through gasoline stations. Carbon Recycling International has a strategic alliance with Mitsubishi Hitachi Power Systems Europe. The company was founded in 2006 and is based in Reykjavik, Iceland with an additional office in La Jolla, California.

BorgartĂșn 27

Reykjavik,  105


Founded in 2006


354 578 6878

Key Executives for Carbon Recycling International

Chief Executive and Director
Compensation as of Fiscal Year 2015.

Carbon Recycling International Key Developments

Mitsubishi Hitachi Power Systems Europe and Carbon Recycling International Offer Power-to-Methanol Solutions to Increase Flexibility and Sustainability of Power and Process Industry

Carbon Recycling International and Mitsubishi Hitachi Power Systems Europe announced a strategic alliance to deliver power-to-methanol solutions to increase operation efficiency of coal power and chemical plants. Methanol is in high demand as a basic chemical and fuel for transport. Power-to-methanol is a viable technology for large-scale storage of wind and solar power. The companies will market and deliver CRI's power-to-methanol technology, (Emissions to Liquid -ETL) and MHPSE's expertise in the integration of thermal power systems and environmental engineering equipment to enable power plants to operate at economic capacity levels, even when large variations in demand and supply are imposed by intermittent electricity from renewable sources on the grid. The companies will also provide energy upgrade solutions to chemical manufacturers for hydrogen recovery and carbon dioxide capture from flue gas to produce low carbon intensity methanol.

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