September 15, 2009 |
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Shell, China Shenhua clean coal plan: company SHANGHAI - Anglo-Dutch oil group Shell said it has signed an agreement with a unit of China's largest coal company Shenhua Group to jointly develop clean coal technology. The two companies will also discuss the possible application of carbon capture and storage, according to an agreement signed on Wednesday. "We will work together to provide China with the cutting-edge clean coal technology in order to help meet the country's growing demand for energy and chemicals in a more sustainable way," said Lim Haw-Kuang, executive chairman of Shell Companies in China. In a legislative resolution passed last month, China said it must "actively deal with climate change" by encouraging a more efficient, low-carbon economy, but made no mention of any reduction targets. The resolution is the latest in a series of recent public statements laying out China's position against mandatory emissions cuts as the world prepares for key climate change negotiations in Copenhagen in December.
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- 2010-10-07 According to a report by China's Xinhua News Agency, China is expected to have the world's largest coal-conversion industry by 2020.
- 2010-10-06 Prof. Frank Clemente, "the world is turning to coal," by 2030, coal consumption will have increased by 53% and coal-fired power generation by 85%. Coal will account for 48% of global incremental electricity generation over the next 20 yrs.
- 2010-10-19 October 19, 2010 Notice to Shareholders available under Investors (News Releases).
