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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Methanex invests in Icelandic renewable methanol firm

2:08 PM MDT | July 30, 2013 | Rebecca Coons

Methanex says it has made an initial $5-million investment in renewable methanol producer Carbon Recycling International (CRI; Reykjavík). CRI operates the world's first renewable methanol plant at Svartsengi, Iceland. The plant uses CRI’s emissions-to-liquids (ETL) technology to convert renewable energy and recycled carbon dioxide (CO2) emissions to renewable methanol. As a result of this investment, Methanex will become one of the key shareholders of CRI, with board representation. "As a leader of renewable methanol production, we are proud to...

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