China, US Sign an Agreement on Clean Coal Technology

China Power Engineer Consulting Corporation (CPECC) recently signed agreements with General Electric and the U.S. Trade and Development Agency (USTDA) on the technology of cycle power generation with coal and carbon capture and storage technology.
　　
Under the agreement, USTDA will provide capital to support and promote the feasible research of commercialization. During the initial research stage, USTDA will also evaluate the costs and performance of power plants.

The technology of cycle power generation with coal and carbon capture and storage technology has undergone commercial demonstration, and after widespread applications, the abundant coal resources will be used to generate power at a low cost while at the same time, largely reduce carbon dioxide emissions worldwide. China and the U.S. government and enterprises will take charge of the important task of accelerating its commercialization process.