Reykjavik, Iceland & New York, Austin, Texas, United States & New Delhi, India:
Icelandic environmental know-how firm Carbon Recycling International (CRI) and Dastur Energy Pvt Ltd, the Indian subsidiary of US based mostly Dastur Energy and a a part of the Dastur group of firms, have signed an vital partnership settlement for advertising and marketing, business growth, know-how licensing, design and engineering of CO2 to Methanol initiatives based mostly on CRI’s ETL know-how in India.
Carbon Recycling International (CRI) has for the previous 15 years established a distinctive place as a pioneer in the utilization of worldwide carbon dioxide emissions. The firm’s ETL know-how is predicated on the conversion of carbon dioxide launched by business into methanol, which replaces petroleum uncooked supplies and has a muchlower environmental impression.
Dastur is a main worldwide consulting engineering agency based in 1955 specializing in the metals, mining, infrastructure and the power business. Its headquarters are in Kolkata, India, with workplaces all over the world. Dastur Energy, specializes in clear power and power infrastructure initiatives and is India’s main group in the sphere of carbon seize, and industrial decarbonization.
India’s methanol gross sales are rising quickly and are actually round 2.5 million tonnes yearly. The dimension of the market is anticipated to attain greater than 7.5 million tonnes per 12 months inside 10 years. The Indian authorities helps the elevated use of methanol as gasoline with the intention of lowering air air pollution and greenhouse fuel emissions and growing the share of home power sources in the economy.
“Economically viable methods for utilizing carbon dioxide are key to accelerating global efforts to reduce carbon emissions. We see significant opportunities in India for methanol produced sustainably. CRI’s ETL technology solution is one of the most advanced in the world today. We are delighted to collaborate with CRI to bring this unique technology to progressive Indian companies in the public and private sectors, who are seeking green methanol as part of their product offering”, mentioned Atanu Mukherjee, CEO of Dastur Energy and Dastur.
CRI has two main initiatives underway based mostly on its ETL know-how. The two crops presently underneath building in China will every produce greater than 100,000 tons of methanol per 12 months,. immediately re-using 150,000 metric tons of carbon dioxide yearly as uncooked materials .
“A strong partnership between CRI and Dastur makes it possible to accelerate the introduction and deployment of our sustainable technology solutions to a new market where there are great growth opportunities. Environmentally friendly technologies such as the one developed by CRI will play a key role in the essential transformations in industry and energy markets ahead. It will be a pleasure to see Icelandic environmental technology in the Indian market”, mentioned Björk Kristjánsdóttir, CEO of CRI.
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