REYKJAVIK, Iceland, July 4, 2023 /PRNewswire/ — Carbon Recycling International (CRI) is pleased to announce the closing of a $30 million investment round that was announced at the company’s annual general meeting last year. . Equinor Ventures leads a group of new investors joining the CRI shareholder group. Along with Equinor Ventures, Gildi, Sjóvá and Lífeyrissjóður Vestmannaeyja have also participated in the investment round.
Equinor Ventures is the corporate venture capital arm of Equinor dedicated to investing in ambitious early-stage and growth companies. Equinor is an international energy company headquartered in Norway.
Lars Klevjer, responsible for Equinor Ventures:
“Equinor Ventures is pleased to partner with CRI to further our commitment to decarbonizing technologies and their role in developing emerging fuel production. We look forward to working with CRI.”
Björk Kristjánsdóttir, consejero delegado de CRI:
“We are pleased to welcome Equinor Ventures and other new investors to CRI’s shareholder group. Their experience and insights are valuable to CRI as the company enters a phase of expansion to meet growing market demand for technology solutions. and the services that CRI offers. At CRI, we look forward to further developing and applying our technology solutions and playing our part in one of the most important projects of our time, the reduction of carbon dioxide emissions into the atmosphere.”
Sigurlína Ingvarsdóttir, President of the CRI Board of Directors:
“The $30 million investment from Equinor Ventures and the other strong investors joining CRI’s shareholder group is an incredible validation of CRI’s technology and market potential. The company is poised for international growth, with a unique technology that can play an important role in the transition to greener fuels and raw materials From now on, CRI will be able to recruit a large number of new talented professionals to fill challenging roles in a high-tech company with a significant impact in the future.
CRI offers world-leading process technology for producing methanol from carbon dioxide. CRI enables its customers to produce methanol in an environmentally friendly way from carbon dioxide and hydrogen, which can be used as fuel and in chemicals. The company’s technology, developed and tested in Iceland, has since been implemented in the largest factory of its kind in the world. Current major shareholders include Geely, Methanex and Eyrir Invest.
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