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. Their results showed that in comparison with gasoline mode, CO emitted in methanol mode decreased 11.2%.