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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. The companies say they a vision for a larger role for methanol as a clean and sustainable fuel worldwide. Zhejiang Geely Holding Group (Geely Group) will invest a total of US$45.5

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