PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE and Shenhua Announce Formation of Cleaner Coal Technology Joint Venture in China - Venture to advance deployment of coal gasification technologies in China (NYSE: GE)
GE and Shenhua Announce Formation of Cleaner Coal Technology Joint Venture in China

 

NewswireToday - /newswire/ - Washington, DC, United States, 2011/01/18 - Venture to advance deployment of coal gasification technologies in China (NYSE: GE). NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Marking a significant step forward for coal gasification technology, GE and Shenhua today announced that they have agreed to form an industrial coal gasification joint venture to advance the deployment of “cleaner coal” technology solutions in China. The new company combines GE’s expertise in industrial gasification technologies with Shenhua’s expertise in coal gasification and coal-fired power generation. The announcement was made as part of China President Hu Jintao’s state visit to the United States.

The agreement was signed today at a ceremony at the Strategic Forum on U.S.-China Clean Energy Cooperation in Washington D.C. It establishes a joint venture company in which GE and Shenhua would sell industrial coal gasification technology licenses, jointly advocate for and develop integrated gasification combined cycle (IGCC) facilities and conduct research and development to improve cost and performance of commercial scale gasification and IGCC solutions. This includes industrial coal gasification applications in China as well as jointly pursuing the deployment of commercial scale IGCC plants.

”Shenhua has deep experience in developing and operating coal gasification and coal-fired power generation facilities in China, including the Shenhua Baotou coal to olefins facility which uses GE’s gasification technology,” said Mr. Zhang Xiwu, chairman of Shenhua Group Corporation Ltd. “Collaboration between our two companies in this joint venture will create a gasification technology business in China with significant local presence, focus, resources and expertise.”

“Coal plays an important role in the economies of the U.S. and China, and gasification technology allows us to use this abundant and low cost resource in a much cleaner way,” said Keith White, general manager, gasification, GE Power & Water. “This joint venture company is an evolution of the strong gasification business GE has in China today; today’s announcement represents an important investment by GE and Shenhua in the future of gasification in China and the deployment of cleaner coal technologies. Each business intends to contribute existing technology, operational and service expertise to create a comprehensive gasification and cleaner coal technology and service provider in China.”

The joint venture company would be established and commence operation later this year, subject to regulatory approvals.

Gasification technology has become a critical tool in the expansion of the Chinese economy, allowing a wide variety of industrial products and fuels to be created from low-cost abundant coal resources. GE’s gasification technology is one of the most widely applied technologies of its kind in China, with more than 40 licensed facilities.

Shenhua is one of the world’s largest coal and energy companies, with coal reserves, coal-fired power generation and a national role in the development of new coal-related technologies such as coal-to-liquids and carbon sequestration. It has unique advantage of integrated development of coal production, power generation, railway, port and shipping. Shenhua has significant experience in the development of coal-to-chemicals facilities and in the operation of coal gasification systems over a range of technology configurations.

About GE
GE (ge.com) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $40 billion, GE Energy (ge.com/energy) is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.

PRESS Contacts
Howard Masto, Masto Public Relations
P: +1 518 786 6488 / E: howard.masto[.]ge.com.

Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.

Weiqun Xiao
P: +86105 822 3814 / E: weiqun.xiao[.]ge.com.

GE news, Masto Public Relations / E: information[.]mastopr.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE and Shenhua Announce Formation of Cleaner Coal Technology Joint Venture in China

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Cynthia Coleman - GE Energy 
713-803-0459 cynthia.coleman[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem
Voith Awarded A Prestigious Automation Contract for Two Norwegian Hydropower Plants
Joint Wind Farm Pilot Project by ENGIE, EDP Renewables, La Caisse Des Dépôts, Eiffage/Principle Power, GE Selected from Call for Floating Wind Turbine

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)