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Carbon Recycling International

Carbon Recycling International

Carbon Recycling International is a Kópavogur-based carbon capture company producing methanol for use as an alternative fuel source.

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Contents

carbonrecycling.is
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Renewable energy
Renewable energy
0
Methanol
Methanol
Carbon capture and storage
Carbon capture and storage
Carbon Utilization
Carbon Utilization
Carbon sequestration
Carbon sequestration
Energy industry
Energy industry
‌
Renewable fuels
Location
Reykjavík
Reykjavík
Iceland
Iceland
Kópavogur
Kópavogur
B2X
B2B
B2B
CEO
Ingolfur Gudmundsson
Ingolfur Gudmundsson
Founder
K-C Tran
K-C Tran
Oddur Ingolfsson
Oddur Ingolfsson
Pitchbook URL
pitchbook.com/profiles.../83701-27
Legal Name
Carbon Recycling International Inc.
Legal classification
‌
Spółka z ograniczoną odpowiedzialnością
Date Incorporated
2006
Number of Employees (Ranges)
11 – 50
Email Address
info@cri.is
Phone Number
+3545277000
+13545786878
Number of Employees
37
Full Address
Holtasmara 1 201, Kopavogi Iceland
Investors
EASME (EU Executive Agency for SMEs)
EASME (EU Executive Agency for SMEs)
Founded Date
January 1, 2006
Total Funding Amount (USD)
1,243,252
Glassdoor ID
496415
Latest Funding Type
‌
Grant (money)
Country
Iceland
Iceland
Headquarters
Reykjavík
Reykjavík

Other attributes

Company Operating Status
Active
Short Name
CRI
Wikidata ID
Q5037929

Carbon Recycling International (CRI) leads in power to methanol technology. The company produces renewable methanol from carbon dioxide, hydrogen and electricity for fuel applications, greener chemicals, and products. CRI works with partners to develop transformative projects, increasing resource efficiency and creating valuable products from waste gases and renewable energy. CRI designs, engineers, and implements methanol production plants based on their Emissions-to-Liquids (ETL) technology platform. The company's solutions are environmentally friendly and do not impact the food chain or land use.

CirclEnergy project

The CirclEnergy project aims to reduce society’s dependency on fossil fuels by facilitating the expansion of CRI’s innovative Emissions-to-Liquids (ETL) technology. In capturing industrial emissions and converting them into green fuels and chemicals, CRI’s ETL platform is a key enabling technology for a transition to a circular economy in which maximum value is extracted from each carbon molecule. The same process has the potential to address key challenges to the integration of renewable energy sources into power systems and support the energy transition in transport. The project aims to achieve objectives such as carbon reduction, grid stabilization, and renewable fuel production.

Projects

Being the first company to produce liquid fuel at an industrial scale from carbon dioxide, CRI's unique experience allows the company to qualify a pipeline of commercial-scale projects in Europe and China. Simultaneously CRI seeks to advance its proprietary process and product offerings by partnering with external parties on the development of pilot projects funded by the EU Horizon 2020 program, demonstrating key features of its ETL platform and advancing enabling technologies.

With CirclEnergy being one of its many projects, others are FreSMe, GAMER, George Olah Renewable Methanol Plant, MefCO2, and the Shunli Plant.

Timeline

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Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

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