
Carbon Recycling International
Works towards a clean future by offering CO2-to-methanol production technology, creating value from waste streams.
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* | $30.0m | Late VC | |
Total Funding | 000k |
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Carbon Recycling International (CRI) is a company that has developed and licenses its proprietary Emissions-to-Liquids (ETL) technology for producing renewable methanol, also known as e-methanol, from captured carbon dioxide emissions and hydrogen.
The company's business model is centered on designing, licensing, and selling its ETL process technology to clients in the industrial sector. These clients are typically entities with significant carbon dioxide emissions, such as power plants and industrial facilities, that are looking to decarbonize their operations and create value from waste streams. By converting CO2 into a usable product, CRI offers a carbon capture and utilization (CCU) solution.
The market for CRI's technology is global and expanding, driven by the increasing pressure for industries to reduce their carbon footprint and the growing demand for sustainable fuels and chemicals. The company's e-methanol can be used as a fuel for vehicles, ships, and as a feedstock for green chemicals and materials, fitting into existing infrastructure.
CRI generates revenue through the licensing of its technology and the sale of its proprietary catalysts and other equipment required for the ETL process. The company has entered into agreements to supply its technology for large-scale e-methanol plants, indicating a project-based revenue stream. The company is headquartered in Reykjavik, Iceland.
Keywords: carbon capture, e-methanol, emissions-to-liquids, renewable fuels, CO2 utilization, green chemicals, decarbonization, industrial emissions, sustainable technology, hydrogen