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Renewable Methanol from Non-Biological Sources:

Conversion of stranded energy to green Mega Joules

KC Tran, Chief Executive Officer

Benedikt Stefansson, Director of Business Development

February 6 2013

Carbon Recycling International

Carbon Recycling International – Proprietary and Confidential

Beijing, January 2013


Economy and environment: improve efficiency

Energy Per capita product

Greenhouse gases

Waste streams

Renewable

Fossil

Nuclear

Conversion efficiency

Increase

Decrease

Use efficiently

Climate change

Demography and demand

Emissions Recycling

Resource constraints


What does 2009/28/EC (RED) actually say? Member States must ensure 10% of

final consumption of energy in

transport is from renewable sources

Renewable energy sources are non-

fossil sources, both non-biological

and from biomass and biogas

Biofuels must meet specific

sustainability criteria; contribution

of energy of biofuels from wastes

and cellulose shall be counted twice


Promotes conversion to sources of renewable

energy with sustainability criteria on biofuels Member States must ensure 10% of

final consumption of energy in

transport is from renewable sources

Renewable energy sources are non-

fossil sources, both non-biological

and from biomass and biogas

Biofuels must meet specific

sustainability criteria; contribution

of energy of biofuels from wastes

and cellulose shall be counted twice


Biomass

Biofuel production: the first wave

Bioethanol

or biodiesel

Crops

Biowaste based

Biomass Energy GHG emissions Biofuels

Conversion


Solar

Hydro

Geothermal

Biomass

Renewable fuel production: the future

Wind

Electrolysis

Renewable Energy

Renewable

Methanol

Recycled emissions

H2 + CO2 Synthesis

Recycling

Renewable product

Bioethanol

or biodiesel

Biomass

Crops

Biowaste based

Biomass Energy GHG emissions Biofuels

Conversion

Gasification

Carbon Recycling International – Proprietary and Confidential 8 Blue Lagoon Spa and HS Orka power plant, Reykjanes

GO Plant


2011 2013

Startup and

R&D

2012 2006-2009

Equity financing &

construction

Scale production

& product launch

Building project

pipeline

Founded in Reykjavik,

Iceland by group of

Icelandic and US

entrepreneurs

Construction starts

on first production

plant

Plant commissioned,

sales to domestic

industry and testing of

low and high fuel

blends

ISCC certified,

export to

Netherlands, sites in

Iceland and abroad in

project pipeline

9

CRI – quick history


Emissions-to-liquids production process

Hydrogen (H2)

Renewable power

Process water

Gasification

Synthesis

Vulcanol™

Industrial emissions

H2O electrolysis

Gas conditioning Carbon dioxide (CO2)

Oxygen (O2)

10

CH3OH

CRI Vulcanol Plant, Svartsengi, Reykjanes

Full capacity

5,400 t/yr CO2

4,000 t/yr Vulcanol

`~12 t/day


First renewable fuel from non-biological origin

to be certified according to ISCC Plus

Methodology for calculating

product life-cycle of Vulcanol

Scheme: MEO Carbon Solutions

Auditor: SGS

Energy source: Non-biological

Raw materials: Only CO2

CO2 reduction: 90% per MJ


Importance of “ILUC mandate” to incentivize

renewable fuels from waste and non-bio

Proposal for a Directive of the European Parliament and

Council amending RED and FQD - October 17 2012

Quota: Contribution of 1st generation biofuels

limited to 5% of 2020 target

Threshold: Plants commissioned after June

2014 must meet 60% carbon offset

Incentives: Fuels of non-biological origin

and MSW contribute 4x energy value

Incentives should lead to more rapid innovation and

investment in alternative technologies

Important that directive is clear on the how and the

what of renewable fuels of non-biological origin


Providing the green MJ: Fulfilling the mandate

in the space of RED and FQD

100% 0%

0%

100%

Vulcanol

Fossil

Contribution from

renewable energy -

RED

GHG

emission

savings -

FQD


Providing the green MJ: Fulfilling the mandate

in the space of RED and FQD

100% 0%

0%

100%

Vulcanol

Fossil

Contribution from

renewable energy -

RED

GHG

emission

savings -

FQD

Biofuel now

?

Biofuel 2014/18

Biofuel w/ILUC


Opportunities for electrofuels

Stranded renewable energy Convert to green MJ Lower CO2 footprint

Location

RED Time

FQD

We don’t face energy shortage: we face an energy location and distribution problem

Renewable energy sources

are usually either stranded

“in time” – intermittent – or

by location - access to

distribution and market

Overcome location and

distribution issue while

reducing carbon footprint of

transportation and increasing

renewable energy

Conversion provides green

energy in liquid form which

is easily stored and

transported and meets

targets for sustainability


Challenges for non-bio renewable fuels

RED often incorrectly interpreted as a biofuels directive

rather than renewable transport fuels directive

Important to level playing field with respect to biofuels as

RED already allows for other renewable energy sources

RED and FQD does not define explicitly what is a 'non-

bio‘ renewable transport fuel

Use energy balance to account for contribution of liquid

fuels which are partially from renewable sources?

Legacy status of methanol vis-a-vis ethanol (no waiver for

RVP, low blend volume, lack of awareness)

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