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Renewable-methanol fueled Geely cars in fleet testing in Iceland; 70% reduction in WTW CO2 compared to gasoline

Green Car Congress

For the last 18 months, a fleet of 6 methanol-fueled versions of the Geely Emgrand 7 cars have been in Iceland. Among drivers testing the vehicles were CRI staff and members of the Icelandic Automobile Association as well as several local service providers in the auto industry. Geely is a shareholder ($45.5-million Earlier post.).

Iceland 170
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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. In late April 2015, Geely Auto deployed a first-of-its-kind fleet of 150 methanol-fueled taxis in the southern Chinese city of Guiyang in cooperation with the municipal government.

Renewable 150
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Study for European Parliament assesses options for turning CO2 into methanol for use in transport

Green Car Congress

The first critical issue is since both hydrogen and methanol produced from CO 2 are still far from being price-competitive, they are unlikely to gain market shares in the next decades unless there is a drastic increase in prices for gasoline and conventional diesel.