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. 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. Vulcanol is CRI’s brand name for renewable methanol, produced from CO 2 and hydrogen from renewable sources of electricity (hydro, geothermal, wind and solar).