Germany-based P1 Performance Fuels GmbH (P1 Fuels), a trailblazer in fossil-free synthetic fuel, has announced "a transformative collaboration" with Iceland's "Emissions-to-Liquids" technology providers Carbon Recycling International hrf (CRI) to drive electro-fuel (e-Fuel) production for internal combustion engine (ICE) vehicles.
P1 Fuels has signed a contract with CRI, a global leader in clean methanol technology, for the delivery of an e-methanol production unit.
The collaboration focuses on integrating CRI’s innovative Emissions-to-Liquids (ETL) technology with P1’s proprietary methanol-to-gasoline technology to produce low-cost e-fuels that can be used in gasoline-powered cars without engine modification.
The strategic partnership aims to accelerate the shift towards replacing fossil fuels in internal combustion engine (ICE) vehicles, contributing significantly to global climate goals.
We are extremely happy to cooperate with P1 and to deploy our technology into this project. Furthermore, it is yet another demonstration of the diversity of CRI’s ETL technology. It emphasizes the important role technology plays in the energy transition and fight against climate change. We need to utilize the existing, proven technology available today and take action, said Björk Kristjánsdóttir, CEO of CRI.
By leveraging both technologies, this enhancement will enable the production of synthetic gasoline from methanol, derived solely from carbon dioxide (CO2) and hydrogen (H2).
P1’s demonstrator plant leveraging this technology will go live in 2024 and serve as a blueprint for industrial-sized plants.
In addition to supplying the equipment, CRI will collaborate closely with P1 Fuels to ensure seamless integration, provide operational support during the start-up phase, and train P1’s team for optimal plant performance.
I’m thrilled to have CRI join us on our ambitious journey to replace fossil fuels for the 1.3 billion cars on our roads that would otherwise rely on fossil fuels, as we make this announcement in the COP28 Climate Action Zone, it exemplifies our commitment to immediate and impactful climate action through innovative, green solutions for all ICE vehicles, said Martin Popilka, CEO of P1 Fuels.
Addresses existing gasoline-powered fleet
The announcement was made in the backdrop of the COP28 Climate Action Zone, at COP28 in Dubai, United Arab Emirates (UAE), underscoring the urgency of adopting green technologies to reach global climate goals.
This initiative aligns with the global momentum towards sustainable fuels and complements ongoing efforts to reduce the environmental impact of the global fleet of 1.3 billion ICE vehicles.
Both companies envision e-fuels as a scalable and sustainable solution for all modes of transportation, requiring no modifications to existing infrastructure or vehicle engines, and providing cost-effective liter prices for the mass market.
The partnership between Carbon Recycling International (CRI) and P1 sends a strong message at COP28 to the world that there are validated solutions out there that are ready for application and mass scaling. CRI‘s unique Emissions To Liquid e-methanol technology is a great example of a solution that came out of Iceland and has already been deployed at scale. We have a longstanding history of working with Germany and the partnership also underpins how the two countries are uniting, acting, and delivering together through commercial partnerships, said Minister of Environment, Energy and Climate in Iceland, Guðlaugur Þór Þórðarson.