Deal marks joint work on clean energy
By Richard Fu |
January 22, 2011, Saturday
|
Print Edition
Print Edition
CHINA Huaneng Group and two American companies plan to build a green coal energy campus in north China's Inner Mongolia Autonomous Region as the two nations exemplify their cooperation on projects to boost their common interests.
Huaneng, China's largest power generator, will build the 1,200-megawatt power plant with United States coal firm Peabody Energy Corp and California-based Calera Corp, whose technology can convert carbon dioxide into solid carbonates that can be used as building materials.
The power plant will capture a portion of carbon dioxide and convert it into green building materials. The power plant will be fueled by a 12-million-ton-a-year surface mine operated by Peabody, the world's largest private-sector coal company.
The deal demonstrates the growing alliance on clean energy and carbon initiatives between China and the US, St Louis-based Peabody said.
"Recycling carbon will create beneficial building products for fast-growing cities that are becoming home to hundreds of millions of Chinese citizens migrating from rural areas," Peabody Energy Chairman and CEO Gregory H. Boyce said, adding that the project will serve as a new global model for clean energy.
Peabody also will partner China's Yankuang Group to develop a 20-million-ton-a-year coal mine in the Xinjiang Uygur Autonomous Region, which will supply fuel for a 2,000MW power plant and a substitute natural gas facility producing 4 billion cubic meters of gas annually.
Separately, Chicago-based Exelon Nuclear Partners, which offers advice on building and operating nuclear power plants, has signed a preliminary cooperation agreement with China National Nuclear Corp as it seeks to provide service support to China.
Huaneng, China's largest power generator, will build the 1,200-megawatt power plant with United States coal firm Peabody Energy Corp and California-based Calera Corp, whose technology can convert carbon dioxide into solid carbonates that can be used as building materials.
The power plant will capture a portion of carbon dioxide and convert it into green building materials. The power plant will be fueled by a 12-million-ton-a-year surface mine operated by Peabody, the world's largest private-sector coal company.
The deal demonstrates the growing alliance on clean energy and carbon initiatives between China and the US, St Louis-based Peabody said.
"Recycling carbon will create beneficial building products for fast-growing cities that are becoming home to hundreds of millions of Chinese citizens migrating from rural areas," Peabody Energy Chairman and CEO Gregory H. Boyce said, adding that the project will serve as a new global model for clean energy.
Peabody also will partner China's Yankuang Group to develop a 20-million-ton-a-year coal mine in the Xinjiang Uygur Autonomous Region, which will supply fuel for a 2,000MW power plant and a substitute natural gas facility producing 4 billion cubic meters of gas annually.
Separately, Chicago-based Exelon Nuclear Partners, which offers advice on building and operating nuclear power plants, has signed a preliminary cooperation agreement with China National Nuclear Corp as it seeks to provide service support to China.
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