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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. This is an important symbol of Geely Group’s global commitment to sustainability. The investment consists of an initial investment and additional purchases of CRI equity over a 3-year period.

Renewable 150
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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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The 1979 Iranian crisis and related oil price shock accelerated Brazil’s conversion of its gasoline supply and automobile fleet. d) further provides for alcohol blends as follows: Special provisions for alcohol blends. (1) Rapid expansion of the ethanol industry is creating global supply/demand issues.