GE, Shenhua Announce Plans To Develop, Promote Clean Coal Technology

The Dow Jones Newswires reports that General Electric Co. and Shenhua Group Corp. announced Tuesday their plans to establish a joint venture to develop and promote clean coal technology. Through their joint venture, the companies hope to set up a company by mid-2010 that will improve the cost and performance of commercial-scale IGCC, power plants. Steve Bolze, President & CEO of GE Power & Water, said, “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,” adding, “Additional commercial scale IGCC and carbon capture facilities are needed though to further develop the industry and provide an opportunity for cost reduction and certainty, and to develop a carbon sequestration service industry.”

View Full Article