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Landsvirkjun , The National Power Company of Iceland, and German investment company PCC SE have agreed to explore the possibility of capturing and utilizing carbon emissions from PCC’s silicon metal plant in northeast Iceland. in Iceland is operated with 100% green electricity. The silicon metal plant of PCC BakkiSilicon hf.
ltd has signed an agreement with Icelandic technology company Carbon Recycling International (CRI) to design a chemical plant based on CRI’s Emissions to Liquids (ETL) technology. These include products used for making solar panels and plexiglass. Chinese petrochemicals corporation Jiangsu Sailboat Petrochemicals Co. Earlier post.).
Both the IRENA experts and the methanol industry agree that under very specific circumstances, such as in Iceland with its very low electricity prices, methanol produced from CO 2 is already competitive with gasoline.
CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. Vulcanol is CRI’s brand name for renewable methanol, produced from CO 2 and hydrogen from renewable sources of electricity (hydro, geothermal, wind and solar).
Slovenia, Iceland, the Netherlands, Ireland, India, Denmark, Sweden, Israel, Germany and the United Kingdom all have 2030 deadlines. Successful schemes should be designed to capture CO2, fuel economy, NOx and safety benefits. There are at least 31 countries and U.S. states with fossil fuel car bans in place. Japan has a 2035 deadline.
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