[social_buttons]BP and the Chinese Academy of Sciences (CAS) have agreed to establish the Clean Energy Commercialization Center (CECC), a joint venture in Shanghai investing some $73 million to commercialize Chinese clean energy technologies.
Subject to final government approvals, the CECC venture is expected to be established by early 2009. The Center will draw on the expertise and experience of both partners to integrate the following energy technologies: coal gasification and conversion, carbon capture and storage, coal bed methane and underground gasification.
Speaking at the signing, Tony Hayward said: “Truly world class technologies are now emerging from China’s research institutions. This Center, in bringing these innovations into commercial reality has the potential to play a significant role in delivering local energy solutions to address issues that have a global impact.”
The CECC will also serve as an international platform for further collaboration among research institutes, enterprises and other institutions to improve indigenous Chinese innovation capabilities and market applications in areas such as clean coal conversion, zero emission technologies, and carbon capture and storage.
While I’m happy to see progress in the way of Chinese energy and climate issues, there is no such thing as clean coal!
Photo Credit: BP
I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.