China is hosting commercial-scale methanol plants developed by Icelandic clean energy firm Carbon Recycling International, converting captured CO2 into fuel in a partnership seen as a model for global climate cooperation. Omar Sigurbjornsson, director of Methanol Market Services at Carbon Recycling International, said the global methanol market is currently valued at around 100 million tons annually, with projections reaching 115.9 million tons by 2025. Sigurbjornsson hopes Iceland’s cooperation with China, a world leader in renewable energy investment, will accelerate progress toward climate neutrality. China and Iceland released a joint statement on strengthening cooperation in geothermal energy and green transition, following a meeting between their presidents on Oct 14 in Beijing. Sigurbjornsson sees this new partnership helps build up each other's strength. Shotlist: Reykjavik, Iceland - Oct 13, 2025: FILE: Yanchang County, Yan'an City, Shaanxi Province, northwest China - Date Unknown 1. Spherical storage tanks, trucks at coal chemical company; 2. Various of workers setting pipelines; 3. Aerial shot of trucks running; Reykjavik, Iceland - Oct 13, 2025 4. SOUNDBITE (English) Omar Sigurbjornsson, director of Methanol Market Services, Carbon Recycling International (partially overlaid with shots 5-6/ending with shot 7): "China is an excellent place to start. They are fast moving. They are investing heavily into renewable energy sources, energy efficiency, and it's the world's largest market for methanol. And we can see from our experience coming from a small country with an abundance of renewable energy, we can have an impact by transforming this technology and applying it into different applications, different markets, where there is a real benefit and a scale potential that has an impact to help us meet our goals for climate neutrality and energy transition."; [SHOTS OVERLAYING SOUNDBITE] FILE: China - Exact Location and Date Unknown 5. Aerial shots of wind turbines; FILE: Xinjiang Uygur Autonomous Region, northwest China - Date Unknown 6. Aerial shot of solar panels [SHOTS OVERLAYING SOUNDBITE]; FILE: China - Exact Location and Date Unknown 7. Staff members discussing beside geothermal energy facilities in plant; 8. Various of geothermal energy facilities in plant; FILE: Yinchuan City, Ningxia Hui Autonomous Region, northwest China - June 1, 2020 9. Various of equipment in methanol plant; 10. Bottles of methanol product; Reykjavik, Iceland - Oct 13, 2025 11. SOUNDBITE (English) Omar Sigurbjornsson, director of Methanol Market Services, Carbon Recycling International (ending with shot 12): "It's quite positive, of course, for us to be seen as a valued partner in these matters. We think solving these large challenges that we have for energy transition and global climate change, we need to have cooperation, we need to have learning exchanges from both cultures and to sort of build on each other's strength to have a have a real impact."; FILE: Xinjiang Uygur Autonomous Region, northwest China - Date Unknown 12. Aerial shot of power plant; FILE: Gansu Province, northwest China - Date Unknown 13. Power storage station; 14. Aerial shot of power storage station; Reykjavik, Iceland - Oct 13, 2025 15. SOUNDBITE (English) Omar Sigurbjornsson, director of Methanol Market Services, Carbon Recycling International (starting with shot 14): "Yes, we expect to be announcing some projects. There is already a project now under construction which we expect to start next year, which will be the first of its kind using wind power and biomass at a large scale, largest of its kind, and then we'll be using it for as an alternative fuel for ships, for container vessels that are transporting our materials between Asia and Europe for example."; FILE: Qinzhou City, Guangxi Zhuang Autonomous Region, south China - Date Unknown 16. Aerial shot of vessel sailing. [Restriction - No access Chinese mainland]