A company called Carbon Recycling International is preparing to build a combined geothermal power station and liquid fuel factory near Grindavik, Southwest Iceland. The factory could produce up to a hundred million litres of fuel per year.
Carbon Recycling International and Grindavikurbaer municipality yesterday signed a memorandum of intent for the factory, which will be a combined geothermal power station and liquid fuel factory. A statement says that the company has developed a way to create methanol from geothermal waste emissions and hydrogen by electrolysis. The methanol is then used as a mixer with petrol for normal, unmodified road cars.
The anticipated factory would produce up to a hundred million litres of fuel per year, mostly for export. It would use 50 megawatts of electricity in the process from its own geothermal station. It is hoped all the required electricity can be generated on-site to avoid the need for new power lines. The geothermal plant’s waste carbon dioxide and sulphur dioxide will then be used to make liquid fuel and not released directly into the atmosphere, RUV reports.
Economical in every way and most productive thereby employing more jobless people within the area. Additional income for all and better future.
Just please take care of the environment and avoid pollution for generations to come.