About CRI
Keeping the sky blue
Carbon Recycling International (CRI) develops and deploys technology that converts carbon dioxide emissions into renewable methanol.
Using its proprietary Emissions-to-Liquids™ (ETL) technology, CRI enables industries to transform captured carbon dioxide and hydrogen into a versatile fuel and chemical building block used across global energy and industrial systems.
By turning emissions into valuable products, CRI helps industries reduce their environmental impact while supporting the transition toward more sustainable future.
From demonstration to global deployment
CRI demonstrated the commercial production of renewable methanol with the commissioning of the George Olah Renewable Methanol Plant in Iceland, the world’s first facility producing renewable methanol from captured CO₂ and renewable hydrogen.
Today, CRI focuses on licensing its technology and supporting partners developing methanol plants worldwide. Through collaboration with project developers, industrial companies and engineering partners, the company continues to expand the deployment of CO₂-to-methanol projects globally.
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![The founding of CRI]()
2006
Company founded in Reykjavik Iceland. Equity raised from angel investors, Icelandic VC and family funds.
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2007-2009
ETL Technology and IP development. Proof-of-Principle in a lab scale pilot-plant.
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![2010-2011]()
2010-2011
Engineering, design and construction of the first-of-its kind demonstration plant, The George Olah Renewable Methanol plant in Svartsengi, Iceland.
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2012
The GO plant is commissioned and CRI becomes the first company to produce and market e-methanol under the brand name Vulcanol.
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2012-2015
Methanex and Geely become strategic investors in CRI.
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2014
CRI receives its first large EU grant for development and demonstration of its ETL technology in the MefCO₂ project.
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2015
The George Olah plant completed its production capacity expansion and upgrades.
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2015
Geely Methanol car fleet trials start in Iceland.
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2019
CRI signs the contract for the first commercial scale ETL plant to be constructed in Anyang, China.
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2019
CRI demonstrates ETL plant load following capability in the MefCO₂ project in Germany.
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2020
CRI and Statkraft announce the joint development of a 100.000 t/y e-methanol plant in Finnfjord, Norway.
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2021
On site construction starts for the Shunli project in Anyang.
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2021
CRI delivers the first batch of sustainable methanol to be used as marine fuel aboard the Stena Germanica. The methanol was produced from residual blast furnace gas in the FReSMe project in Sweden.
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2021
CRI signs its second contract for a 100.000 t/y ETL plant with Jiangsu Sailboat.
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2022
Successful startup of the world’s largest CO₂ to Methanol plant at the Shunli project site in Anyang.
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2023
CRI completes 30M USD financing round with new investors led by Equinor Ventures
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2023
CRI and Jiangsu Sailboat start up the world’s most efficiient carbon dioxide to methanol plant.
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2023
CRI and P1 Fuels sign contract to deliver eFuels production unit to Germany
Pioneering carbon-to-methanol technology
CRI has been developing carbon recycling technology for more than two decades. Its Emissions-to-Liquids™ technology converts captured CO₂ and hydrogen into renewable methanol — a liquid fuel and chemical feedstock that can be integrated into existing infrastructure and supply chains.
This approach allows industries to recycle carbon emissions into valuable products while reducing reliance on fossil-based feedstocks.
Supporting the transition to lower-carbon fuels and materials
Methanol is a widely used chemical and energy carrier with applications across fuels, chemicals and industrial production.
By enabling the production of renewable and low-carbon methanol, CRI’s technology helps industries reduce emissions while maintaining reliable and scalable energy and material systems.
