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P1 Fuels and Carbon Recycling International sign contract to deliver e-fuel production unit to Germany

P1 Performance Fuels, a trailblazer in fossil-free synthetic fuel, announces a transformative collaboration with Carbon Recycling International to drive e-fuel production for internal combustion engine vehicles. P1 Fuels has signed a contract with CRI, a global leader in clean methanol technology, for delivery of an e-methanol production unit. The collaboration focuses on integrating CRI's innovative Emissions-to-Liquids technology with P1's proprietary methanol to gasoline technology to produce low cost e-fuels that can be used in cars without engine modification.

The strategic partnership aims to accelerate the shift towards replacing fossil fuels for ICE vehicles, contributing significantly to global climate goals. This announcement is made in the backdrop of the COP28 Climate Action Zone, underscoring the urgency of adopting green technologies for reaching the climate goals.

By leveraging both technologies, this enhancement will enable the production of synthetic gasoline from methanol, derived solely from 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. This initiative aligns with the global momentum towards sustainable fuels and complements ongoing efforts to make the 1.3 billion ICE vehicles on our planet more environmentally friendly.

“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.

"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.

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.

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.

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