Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy
Green Car Congress
JULY 8, 2015
The investment consists of an initial investment and additional purchases of CRI equity over a 3-year period. Methanol-powered vehicles are one pillar of Geely Auto’s diversified new-energy strategy, which also encompasses ethanol, CNG, gasoline-electric hybrid, plug-in hybrid, pure-electric, and extended-range solutions. China Association of Alcohol & Ether Fuel and Automobiles (2014) Methanol Fuel and Vehicles in China: An Overview of Industrial Applications (2014).