Article - 11/02/2014

CRI and Mannvit Sign Engineering Contract

Carbon Recycling International (CRI) and Mannvit signed a contract on engineering services for the civil work of the expansion of the George Olah (GO) plant for the production of renewable methanol (Vulcanol) in Svartsengi, Grindavík on the Reykjanes Peninsula.

“It is an on-going partnership between Mannvit and Carbon Recycling International which began since the inception of the company. We look forward to cooperate in building more carbon recycling plants in Iceland and abroad“, said K-C Tran, CEO and co-founder of Carbon Recycling International.

“Mannvit is pleased to participate in the expansion of the GO plant, bring broad experience and expertise in engineering to construct safe and cost efficient industrial facilities”, said Haukur Oskarsson, Managing Director, Industry and Oil & Gas.

The expansion will triple the current capacity of the GO plant, which will recycle 4,500 tons of carbon dioxide and will produce 4,000 tons (5 million liters) of renewable methanol per year.

The key customers are domestic and international oil and renewable fuel producers and distributors. The plant produces renewable methanol by recycling carbon dioxide emission and utilizing electricity from HS Orka, a strategic partner and renewable resources provider of Carbon Recycling. The Project Manager for CRI is Asgeir Ivarsson.

The aim is to complete construction of the GO plant in the third quarter of 2014.

 

About CRI: Carbon Recycling International (CRI) captures carbon dioxide from industrial emissions and converts it to renewable methanol, a liquid automobile fuel. Founded in 2006, CRI is a venture-backed Icelandic company with headquarters in Reykjavik, Iceland and production plant in Svartsengi, Iceland. Further information: http://www.carbonrecycling.is/