Carbon Recycling International (CRI) announces the appointment of Lotte Rosenberg as its new Chief Executive Officer, following an extensive recruitment process.

At the same time Björk Kristjánsdóttir, interim CEO since June 2022, will step into a new position of Chief Operating Officer, taking on additional responsibilities alongside her role as Chief Financial Officer.

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 (ETL) technology with P1's proprietary methanol to gasoline technology to produce low cost e-fuels that can be used in cars without engine modification.

CRI is pleased to announce the closing of a 30-million-dollar equity investment round that was announced at the company’s annual general meeting last year. Equinor Ventures is leading a group of new investors joining CRI’s shareholder group. Along with Equinor Ventures Gildi, Sjóvá and Lífeyrissjóður Vestmannaeyja have also participated in the investment round.