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

Green Car Congress

The investment consists of an initial investment and additional purchases of CRI equity over a 3-year period. CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. Currently the company has a 4,000 metric ton/year production capacity.

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

Green Car Congress

The 1979 Iranian crisis and related oil price shock accelerated Brazil’s conversion of its gasoline supply and automobile fleet. As oil prices decreased in the 1990s, the consumer acceptance of hydrous ethanol fueled cars greatly decreased and purchases of gasoline fueled automobiles returned to previous levels. 40 CFR § 80.27(d)