Carbon Recycling International and Jilin Huajin Energy Sign Technology Licensing Agreement
Carbon Recycling International and Jilin Huajin Energy Sign Technology Licensing Agreement and Framework for Future Cooperation on Green Methanol
Shanghai, China, October 16th
Carbon Recycling International (CRI) has signed a technology licensing agreement with Jilin Huajin Energy Co., Ltd. for the development of the Yushu City Green Electricity Coupled Biomass Methanol Project in Jilin Province, China. The agreement marks a significant step forward following the MOU signed between the companies earlier this year.
Under the agreement, CRI will provide its Emissions-to-Liquids (ETL) technology for the production of renewable methanol from captured carbon dioxide and hydrogen generated with renewable electricity. The companies have also signed a non-binding framework outlining potential future cooperation on green methanol marketing and certification support, under which CRI may facilitate international sales as a non-exclusive partner.
According to Huajin, the Yushu project, located in Wukeshu Town, has been designated as a national-level demonstration initiative in China, a status awarded to large-scale commercial projects intended to serve as models for wider replication. With a planned investment of RMB 21.4 billion (approx. USD 3 billion), the first phase will integrate renewable power generation, hydrogen production, and carbon capture with biomass utilisation. It will establish methanol production capacity of 270,000 metric tonnes per year, including 120,000 metric tonnes derived from captured CO₂ and 150,000 metric tonnes from biomass feedstock. Compared with conventional processes, the project is expected to reduce energy consumption and avoid approximately 410,000 tonnes of CO₂ emissions annually.
Jilin Huajin Energy, established in 2024, is building an integrated clean energy portfolio combining wind, solar, storage, hydrogen, and methanol.
“This agreement strengthens our partnership with Huajin and brings CRI’s ETL technology to another landmark project in China,” said Lotte Rosenberg, CEO at CRI. “It demonstrates how international collaboration and proven technology can support large-scale renewable fuel production and contribute to China’s dual-carbon goals.”
CRI pioneered industrial-scale CO₂-to-methanol with the George Olah plant in Iceland, commissioned in 2012. Since then, CRI-licensed projects in China include the 110,000-metric-tonne-per-year Anyang (Shunli) plant, operational since 2022, and the 100,000-metric-tonne-per-year Lianyungang (Jiangsu Sailboat) plant, operational since 2023. CRI is also supplying core synthesis technology to China Tianying’s e-methanol project in Liaoyuan, whose first phase is designed for around 170,000 metric tonnes per year and is scheduled to start up in 2026, positioning it among the world’s largest e-methanol facilities.
China remains a key market for CRI. Through long-term partnerships and technology deployment, the company is committed to supporting the country’s transition to low-carbon fuels. The Yushu project represents the next stage in applying CRI’s ETL technology at scale to meet growing demand for renewable methanol across transport, chemicals, and energy.