CRI BECOMES FOUNDING MEMBER OF NEW EU ASSOCIATION PROMOTING CO₂ UTILIZATION

Carbon Recycling International (CRI) has joined 42 other stakeholders from across the EEA region to launch CO₂ Value Europe, a new European association dedicated to promoting CO₂ utilization. CO₂ Value Europe’s mission is to promote development and market deployment of sustainable industrial solutions that convert CO₂ into valuable products, in order to contribute to the net reduction of global CO₂ emissions and to the diversification of the feedstock base.

The association was officially launched by the founding partners in Brussels on November 30, 2017. The founding partners of the Association include 10 large industrial corporations, 12 innovative SMEs and startups, 10 Research & Technology Organisations (RTOs), 6 universities and 5 clusters, ports and associations.

CO₂ utilisation, commonly called Carbon Capture & Utilisation (CCU), is a broad term that covers all established and innovative industrial processes that transform CO₂ into a variety of valuable products such as chemical building blocks, synthetic fuels or building materials. CRI is the pioneer in CO₂ utilization to produce methanol, providing an alternative non-fossil feedstock for the fuel and chemical industries.

CO₂ utilisation has the potential to become one of the major growth areas in Europe’s future low carbon economy by offering solutions to reduce the carbon footprint of hard-to-decarbonize sectors such as energy-intensive process industries or transportation, and by sequestering CO₂ permanently in building materials produced by carbonation of mineral waste.

The Association has initiated the recruitment of a Secretary General who will be responsible for the day-to-day operations of the Association, together with a small team based in Brussels. Implementation of priority working groups and activities has started. A dozen of additional industry and research stakeholders already confirmed their intention to join the Association in the coming weeks.