International CRI. Carbon Recycling

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1 Carbon Recycling International CRI Developing a Research Agenda for Utilization of Gaseous Carbon Waste Streams National Academy of Sciences, Engineering and Medicine Workshop January 31 st 2018 Ómar Freyr Sigurbjörnsson Sales and Marketing Director

2 Pioneering Carbon Capture and Utilization to make Green methanol CRI is a privately owned company, founded 2006 in Reykjavík, Iceland with 40+ employees CRI develops Emissions-to-Liquids (ETL) process technology to produce methanol directly from carbon dioxide and hydrogen

3 Producing green methanol directly from CO 2 and H 2 CO 2 capture CO2 Hydrogen generation H2 Clean Conversion Hydrogen processing

4 CRI s GO plant 5600 t/yr CO t/yr H 2 Methanol loop 4,000 t/yr methanol First commissioning: 2012 Capacity expansion: 2015 Commercial demonstration plant to prove technical and commercial viability First to recycle kilotons of CO 2 from flue gas to produce liquid transport fuel All feedstock and utilities locally sourced No fossil fuel used ISCC+ certification of GHG emission savings % reduction compared to fossil fuels Platform for technology development, new technology demonstrations and operator training

5 Clear Benefits for Carbon Emissions Raw material and energy Process related emissions Methanol offtake Total emissions up to factory gate Coal Natural gas 3 ton CO ton CO 2 CO ton CO 2 Reference: Johnson Matthey Technol. Rev., 2017, 61, (4), Energy Conversion and Management, 2016, 124,

6 Why Methanol from CO 2 + Renewable Energy? C

7 Methanol market vision past

8 Fossil Green Carbon Utilization Economy RES Electricity Gasoline blend (M15, M56) Methanol can be made from any form of energy and carbon Not limited by scarce resources Not limited to certain locations Conversion efficiencies vary from 40-70% CO 2 + RES has the most scalability Green Methanol can be used to replace most forms of fossil hydrocarbons and petrochemicals Can contribute to hundreds of Mt net CO 2 reduction in near future Byproduct H 2 Waste Biomass Coal Natural gas H Fuel 40% 30 Mt/a H H C H O Chemicals 60% 50 Mt/a M100 (automotive & marine) MTBE (octane enhancer) Synthetic gasoline (MTG) FAME biodiesel (esterification) DME, OME (drop in for diesel) Formaldehyde Acetic acid Olefins

9 Technical challenges for CCU No fundamental technical barriers to start commercialization Some technologies already demonstrated at scale for CO2 to Fuels, Polymers and Minerals Improved economics from process scale up and increased efficiencies Lower energy requirements for carbon capture Lower electricity consumption for hydrogen generation New products and processes from CO2 are being developed and existing ones are being scaled up and commercialized Need funding to bridge gaps for demonstration and first-of-its kind commercial facilities more so than for basic research Need more predictability on public policy and support for investors

10 CCU research topics Efficient large scale electrolysis Novel and efficient carbon capture methods Heterogeneous catalysis Process intensification and waste heat recovery Dynamic plant operation and controls for chemical energy storage and grid integration

11 Managing our carbon emissions What to do? Prevent Minimize Recycle Dispose of How? RES Efficiency CCU CCS h

12 Summary Recycling and managing of carbon emissions is needed for climate protection and long term sustainable sourcing of fuels and chemicals CRI has built a unique production plant and shown it is possible to produce methanol from recycled CO 2 at an industrial scale Methanol is a versatile chemical commodity increasingly used as clean burning fuel and base chemical in rapidly growing markets Some CCU technologies are already commercially ready with no major technology barriers Support for R&D - especially demonstration of new technologies is vital for increased deployment and measurable results

13 Thank you