Geely buys stake in Icelandic methanol maker

Geely 吉利 have agreed to invest $45m over three years in Carbon Recycling International (CRI), an Iceland-based methanol fuel producer. Geely, one of China’s largest privately-held car manufacturers and Volvo’s parent, have been developing methanol-fuelled vehicles for years, some of which have already been deployed as taxis, for example in Jinzhong 晋中, Shanxi.