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CO2-to-methanol: commercial scale technology ready to meet future climate challengesBenedikt Stefansson, Director of Business Development, CRI

7/5/20192

Carbon Recycling International – CRI: In a nutshell

Built, owns & operates first industrial scale CO2-to-methanol plant

Marketing certified renewable efuel across EU market since 2012

Turn-key implementation of CO2-to-methanol in Europe and China

CO2

CO2

Wanted: A liquid carrier for renewable energy which scales sustainably

3

CH3OH

Carbon Recycling International

Why choose methanol as power-to-x energy carrier?

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Clean combustion

Liquid = easy to use and distribute

Offers flexibility

No regrets option

Works at modest P and °C

Easily adjusts to variable load

Easily scaled up and down

No “messy” byproducts

Production Utilization

For effective and rapid transition we need liquid fuels

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0 0,5 1 1,5 2

2000

2010

2020

2030

2040

ICE PHEV BEV

2040 global car park still dominated by ICE and PHEV

Source: BP Energy Outlook

Billions of vehicles

Heavier load and longer range continues to require fuels

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0 200 400 600 800 1000

Rail

Buses

Air

Shipping

Road goods transport

Light vehicles

Fossil fuels Other fuels Electricity

2050 global transport energy mix dominated by liquid fuels

Million toe/yr

Source: IEA Energy Technology Perspectives

CRI’s Emissions-to-Liquids technology platform

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Clean conversion

CO2 purification

Electrolysis

CO2 emissions

Renewable energy

Transport

Chemicals

Methanol

H2 byproduct

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CRI’s CO2-to-methanol plant, Svartsengi, Iceland

Capacity 5 000 000 L (4000 t) per year from 18 t/d CO2

Pioneering e-fuel commercially under RED I since 2012

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ISCC Plus certified since 2012

Sold at competitive prices for:

• 3% – 100% gasoline blends

• Greener biodiesel production

• Fuel cell cars and ferries

Competitive price means:

• ... to best performing biofuels

Isn’t it to expensive, not sustainable or...?

JRC report on CO2-to-fuel 2017

Copyright of Shell

CHEM ICAL PTL SYN THESIS PATHWAYS

Abanades et.al. on CCU 2018 Shell Germany CTO on PtL 2018

Too expensive Use RES for EV directly Must convert to drop-in fuel

M. Perez-Fortes and E. Tzimas; Techno-economic and environmental evaluation of carbon dioxide utilisation for fuel production. Synthesis of methanol and formic acid; EUR 27629 EN; doi: 10.2790/981669

Abanades et. al “On the climate change mitigation potential of CO2 conversion to fuels” Energy Environ. Sci., 2017, 10, 2491

Warnecke W. “Fuels Options for Large Engines – Today & Tomorrow” Shell 2018

Isn’t it to expensive, not sustainable or...?

JRC on CO2-to-fuel 2017 Abanades et.al. on CCU 2018 Shell Germany CTO on PtL 2018

Based on average retrospective prices: commercial opportunity

Assumes RES not additional and that EVs are 100% substitutes

Assumes cost of reforming and Fischer-Tropsch: not necessary

Too expensive Use RES for EV directly Must convert to drop-in fuel

Not a common market? CO2 and counting Inconsistent WTW benefit

Incomplete transposition E-fuel has to prove ‘additivity’ No incentive for engine maker

Main challenges for commercialization

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4x

2x

1x

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Thank you

benedikts [at] cri.is

www.cri.is

@CarbonRecyclePR