14 May 2012 08:12 [Source: ICIS news]
SINGAPORE (ICIS)-- General Electric (GE) and China’s Shenhua Group have set up a 50:50 joint venture to advance the development and deployment of “cleaner coal” technology solutions in China, the Chinese firm said over the weekend.
The Shanghai-based GE Shenhua Gasification Technology was registered in February and began operations on 10 May 2012, according to a statement from Shenhua Group.
It will provide industrial gasification technology licenses in ?xml:namespace>
The statement did not disclose the financial details of the joint venture.
Gasification is a technology that converts coal into a synthesis gas (or syngas) that can then be used to produce chemicals and other products.
Shenhua is one of the world’s largest coal and energy companies, with businesses in integrated coal production, power generation, railway, port and shipping infrastructure, according to its website.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections