BP and Chinese Academy of Sciences to develop clean coal technology
Posted: 20 August 2007
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BP and Chinese Academy of Sciences (CAS) has signed a Memorandum of Understanding (MoU), announcing their intent to establish the Clean Energy Commercialisation Centre (CECC).
CECC aims to accelerate the development in China of clean coal conversion technologies and the creation of associated value chain investment opportunities.
It will highlight the development through commercialisation of key technologies and coordinated management of large scale demonstration projects which primarily use coal as feedstock for fuel production, chemicals manufacturing and power generation.
"Given the increasingly important role China plays in the global economy, China's choice and efforts in promoting new and cleaner energy applications will have a profound impact on both the future of the Chinese economy and the global energy market,” said Iain Conn , BP Managing Director and Chief Executive, Refining and Marketing.
China represents the world's second largest energy consumer and coal accounts for more than 70 per cent of China 's total energy consumption.
“Cleaner use of energy resources, coal in particular, is critical for the sustainable development of the Chinese economy,” said Jiang Mianheng, Vice President of CAS,
Mianheng noted that by building upon CAS's expertise and advantaged resources in natural science research, and BP's experience and its international best practices in technology commercialisation and project management, the new partnership will bring breakthroughs in the development of conversion and commercialisation.
According to the MoU, CAS and BP will join their efforts to make CECC a successful and profitable world class platform which will identify, evaluate, select, develop and commercialise strategic cleaner coal conversion technologies.
It will also integrate and consolidate individual technologies from CAS institutes and other People's Republic of China (PRC) research and development organisations and elsewhere, both within and outside the PRC, into commercially viable technological systems and solutions in order to contribute to China 's clean energy development and energy security.
The partnership relations between BP and CAS can be traced back to November 2001, when the two parties jointly launched the "Clean Energy, Facing the Future" programme - a 10-year, US$10 million R&D initiative. The partnership in the CECC reinforces BP's commitment to working together with China to address its energy issues and also to contributing to the clean energy solutions to fuel the sustainable development of the Chinese economy.
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