CRI and Jiangsu Sailboat sign agreement for the construction of a CO2 to methanol plant

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Type of post: NEWS IN BRIEF.

Chinese petrochemicals corporation Jiangsu Sailboat Petrochemicals Co. ltd has signed an agreement with Icelandic technology company Carbon Recycling International (CRI) to design a chemical plant based on CRI’s “Emissions to Liquids” (ETL) technology.

Figure 1. CRI and Jiangsu Sailboat sign agreement for the construction of a CO2 to methanol plant. The agreement was signed at parallel signing ceremonies held in Iceland and China.

The plant will recycle approximately 150 ktons of CO2 and 20 ktons of H2 per year from other onsite processes to produce 100 ktons of methanol annually. The Jiangsu Sailboat Green Methanol plant will be built in Lianyungang (Jiangsu province on the east coast of China), integrated into their 15 km2 Shenghong petrochemical industrial park. Methanol is the main raw material used in 2.4 Mtons per year production of a wide product range of polymers and plastics. These include products used for making solar panels and plexiglass.

The direct use of 150 ktons of CO2 annually, will equal the effect of taking 53,000 fossil fueled cars off the roads. Indirect emission savings from avoiding the use of fossil raw materials is even larger, estimated to be as high as 550 ktons per year.

The plant will be owned and operated by Jiangsu Sailboat and is expected to begin its operation in 2023. The cost of the project is estimated around 35 M$.

This project will be the second in China based on CRI’s ETL technology. The first CRI project, the Shunli plant in Anyang (Henan province) is currently in the final stages of construction and expected to be in operation early next year.

CRI, with its local JV partner MFE, will facilitate the project execution, providing design, engineering and technology license for the CO2-to-methanol process along with key proprietary equipment and related services.

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