1.1.0001 06.11.09

Ground Breaking for first CO2 to Methanol Plant

The ground breaking of the first C02 to methanol plant at the Svartsengi Geothermal Power Plant was held on October 17, 2009.   This is the first plant of its kind in the world and Mannvit Engineering was responsible for project management and plant design.

Ólafur Ragnar Grímsson, President of Iceland, and George Olah Nobel laureate for chemistry and author of "Beyond Oil & Gas: The Methanol Economy" were present.  The new plant will bear the name "George Olah CO2 to Renewable Methanol Plant."

Hitaveita Suðurnesja hf. (HS) and Carbon Recycling International ehf (CRI) signed a partnership to operate the plant that will convert carbon dioxide emissions from the Svartsengi geothermal power plant into methanol to be used as liquid fuel for cars and other transportation.  Production capacity of this plant will be 4 million liters/year and will reach full production capacity by the end of next year.

The total investment for the project is approximately one billion Icelandic krona (approx. $8 million USD). The collaboration of  CRI and Mannvit began more than two years and engineering experts from Mannvit have been working closely with CRI almost from the beginning of the project.