Carbon Recycling celebrates 200% increase in methanol production
The renewable methanol plant in Svartsengi, Iceland, has been expanded and the production capacity increased by 200% to 4,000 tons of renewable methanol per year.
Land and Equipment Secured for Proposed Polysilicon Plant
Silicor Materials has signed land lease and port agreement and equipment contract with SMS Siemag for a proposed polysilicon plant at Grundartangi, Iceland, yielding up to 19,000 metric tons of solar silicon each year for the global solar market.
Verne Global finances accelerated growth of Iceland data center campus
Verne Global has secured US$98M in Series D Equity Funding to accelerate the growth of its Icelandic data center campus, which offers scalable and secure solutions that combine unparalleled cost savings and renewable energy.
Alvotech Reykjavik starts recruiting
Alvotech Biopharmaceuticals, currently building a state of the art 12 thousand square meter manufacturing and laboratory facility in the science park of the University of Iceland, has started recruiting.
Construction of a new silicon metal factory in Helguvik
At the groundbreaking ceremony for United Silicon's new silicon metal factory in Helguvik, Iceland, Mr. Doron Sanders, Chairman of the Board and Managing Director of Bit Fondel, Fondel Group, praised Iceland's stable business environment and the support the project has enjoyed from Icelandic authorities, both the central government and municipality of Reykjanesbær. Mr. Sanders also mentioned the renewable energy, at competitive global price levels as a major incentive for such a project.
Freetrade agreement with China enters into force today
On July 1st 2014 the extensive free trade agreement between Iceland and China enters into force, opening up new possibilities for companies interested in exporting products into China and Chinese companies looking to sell products to Europe and North America.
Iceland: The world's most peaceful country
Iceland keeps the position as the world's most peaceful country according to the Global Peace Index for 2014, published by independent Institute for Economics and Peace.
Iceland‘s competitiveness improving
Iceland rises four seats on IMD‘s list over the world‘s most competitive nations and ranks number 25 according to the World Competitiveness Yearbook 2014. Economic performance is fast improving while the infrastructure is consistently among the best.
World’s First Magma‐EGS system created
The Iceland Deep Drilling Project has managed to keep open a borehole, ending in molten magma at 2100 m depth with a temperature of 900-1000 °C, blowing superheated, high-pressure steam for months, measuring power sufficient to generate up to 36 megawatts of electricity. This success could in the near future lead to a revolution in energy efficiency in high-temperature areas of the world.
Algalif AS is investing in micro algae production in Iceland, focusing on high-quality natural Astaxanthin. An investment agreement has been signed between Iceland‘s minister of industries and innovation and Algalif.