GE In Clean-coal Venture With Shenhua

By Atlanta Business Chronicle

GE Energy and Shenhua announced Tuesday an industrial coal gasification joint venture that will bring ⿿cleaner coal⿝ technologies to China.

Financial terms to the arrangement were not released.

GE (NYSE: GE) and Shenhua plan to ⿿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.⿝ Pending government approvals, the joint venture will begin operating later in 2011.

Atlanta-based GE Energyâ¿¿s gasification technology is one of the most widely applied technologies of its kind in China, with more than 40 licensed facilities, it said.

Click here for GEâ¿¿s press release on the joint venture.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/atlanta/news/2011/01/18/ge-in-clean-coal-venture-with-shenhua.html?ana=thestreet

Copyright bizjournals.com 2010

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