METHANEX AND CARBON RECYCLING INTERNATIONAL SIGN LANDMARK INVESTMENT AGREEMENT FOR ADVANCED RENEWABLE FUEL PRODUCTION
30 July 2013
REYKJAVIK, ICELAND, JULY 30, 2013 - Methanex Corporation (TSX:MX)(NASDAQ:MEOH) announced today an initial $5 million investment in Carbon Recycling International (CRI), a privately held company with headquarters in Reykjavik, Iceland. Methanex will also evaluate further investments to support CRI's growth. CRI operates the world's first renewable methanol plant in Iceland which utilizes its emissions-to-liquids (ETL) technology, converting renewable energy and recycled CO2 emissions to renewable methanol. As a result of this investment, Methanex will become one of the key shareholders of CRI, with Board representation.