Ground-breaking Field Instrument enables Lava Flow Mapping Millions of people live near active volcanoes that are constantly monitored for signs of an impending eruption. When one occurs, scientists and governments rely on data to estimate the extent of the possible damage, informing evacuation plans an...
Landsvirkjun and PCC SE to turn Emissions into Green Methanol for ships Landsvirkjun, The National Power Company of Iceland, and German investment company PCC SE have agreed to jointly explore the possibility of capturing and utilizing carbon emissions from PCC’s silicon metal plant in northeast Iceland...
Rio Tinto and Carbfix working on carbon capture and storage in Iceland Rio Tinto and Carbfix are partnering to implement a technology for capturing carbon and permanently storing it underground at the ISAL aluminium smelter in Iceland. Under a Memorandum of Understanding (MoU) for a strategic partnershi...
NIB invests in Geothermal power production and distribution in Iceland The Nordic Invesment Bank has signed a 15-year loan with Icelandic utility Orkuveita Reykjavikur to finance an investment programme to improve geothermal power production and electricity distribution networks in Iceland. The US$80 mi...
EIB funds €100m Keflavík Airport renovation in Iceland Isavia has secured a ISK 12.5 billion (EUR 100 million) loan from the European Investment Bank (EIB). The funds will be used to renovate existing infrastructure in addition to making capacity investments at Keflavik International Airport, in order t...
Volvo helps the iceman conquer the volcano What happens when some cool customers have to quarry some volcanic basalt? They call in Volvo, of course. Standing in the middle of Reykjavik, Iceland’s capital city, you could be forgiven for mistaking it for another Scandinavian city. However, just a short dr...
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