Production of renewable methanol from captured emissions and renewable energy sources, for its utilisation for clean fuel production and green consumer goods

Projektinformationen

CIRCLENERGY

ID Finanzhilfevereinbarung: 791632

DOI

10.3030/791632

Projekt abgeschlossen

EK-Unterschriftsdatum 24 November 2017

Startdatum 1 Dezember 2017

Enddatum 31 März 2018

Finanziert unter

• SOCIETAL CHALLENGES - Secure, clean and efficient energy

Gesamtkosten

€ 71 429,00

EU-Beitrag

€ 50 000,00

Koordiniert durch

CRI EHF
Iceland

Periodic Reporting for period 1 - CIRCLENERGY (Production of renewable methanol from captured emissions and renewable energy sources, for its utilisation for clean fuel production and green consumer goods)

Berichtszeitraum: 2017-12-01 bis 2018-03-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

Methanol, needed in industry as a burning fuel and a chemical building block (plastics, etc.), has been traditionally produced from coal or natural gas, dependent on natural resources availability (limited supply), contaminating land (mining, drilling) and emitting CO2 to the atmosphere (global warming effect). Nowadays, crop-based biofuels are also used, consuming huge water and land resources for their production, and competing with food (ethic problems). Circlenergy project aims to develop the Emissions–to-Liquids (ETL) technology for producing methanol (Vulcanol®) from industrial CO2 emissions and renewable energy sources (RES), decarbonizing industries and increasing efficiency of RES by valorizing off-peak renewable energy. Its objectives are to scale up and enable ETL plants to economically operate using intermittent power sources (RES).

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

In 2011, CRI commissioned the George Olah (GO) Plant, the world’s first industrial scale CO2 to methanol production facility. In 2013, Vulcanol® was first exported for gasoline blending and biodiesel production. In 2014, GO Plant capacity was scaled up to 4,000 t/yr. In 2018, the GO plant test results showed that, after further technological innovation, it would be possible to operate on variable electrical load; a market analysis and commercial assessment showed a rapidly growing market with a 7% CAGR, limited competition, and no IP conflicts and the financial plan confirmed the viability of the project with affordable risks, potential partners and investors and an attractive annual profit and payback period.

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

Our ETL technology produces Vulcanol® (synthetic methanol) and fights global warming, by using 1.4 t CO2/t of Vulcanol® produced in common industries versus conventional production of methanol, which emits up to 4 t CO2/t of methanol produced. Besides, our technology requires approximately 1500 times less land and between 400-15,000 less water than crop based biofuel, eradicating ethical concerns about competition between biofuels and human food production. Vulcanol® is an efficient energy carrier that can be used to easily store and transport off-peak renewable energy, stabilizing the power grid and supporting expansion of RES. ETL also supports employment creation (20 skilled jobs per ETL plant), improves air quality in industrial areas, thus, the health of their population and employees, and helps to fulfil stricter EU regulations regarding the use of fuels and RES.

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