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Carbon Recycling International
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Short description

Developer of waste to fuel technology using waste carbon dioxide to produce methanol

Founded in 2006
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Company type Private Public ()
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Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Iceland Reykjavík, Iceland
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Updated by Cleantech Group on 07/22/2024

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Olis Olis

CRI has long term Renewable Methanol sales contract with Olis.

Confirmed by Olis
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Partnerships
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Date Partner Type
12/06/2023
p1 fuels p1 fuels
P1 Fuels has signed a contract with CRI, for delivery of an e-methanol production unit. The collaboration focuses on integrating CRI's innovative Emissions-to-Liquids (ETL) technology with P1's proprietary methanol to gasoline technology to produce low cost e-fuels that can be used in cars without engine modification.
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Confirmed by p1 fuels
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Date Investors Type Amount
06/19/2023 Equinor Ventures Equinor Ventures , Sjova Sjova , Lífeyrissjóður Vestmannaeyja Lífeyrissjóður Vestmannaeyja (3)
Post-money valuation of
Funds will focus on aggressive commercial expansion.
 Growth Equity $30,000,000
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Renewable Methanol

A clean burning fuel with a high octane level that can be blended with gasoline or biodiesel.

Wide Commercial Availability Products - Wholesale
$/kW (current)
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