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GE and Shenhua Group cooperate on clean power
Projects / Policy, Nov 30 2009 (Carbon Capture Journal)
- GE and Shenhua Group Corporation have announced that they have agreed to a framework for an industrial coal gasification joint venture.
The memorandum of understanding, which was signed as part of the U.S.-China clean energy cooperation signing ceremony in Beijing, would result in a joint venture company, in which GE and Shenhua would seek to improve cost and performance of commercial scale gasification and integrated gasification combined cycle (IGCC) solutions.
This includes industrial coal gasification applications in China as well as jointly pursuing the deployment of commercial scale IGCC plants with carbon capture.
The parties anticipate that the transaction would be completed in the first half of 2010, subject to the negotiation of definitive agreements and obtaining all required approvals.
GE’s gasification technology is one of the most widely applied technologies of its kind in China, with more than 40 licensed facilities.
