BP signs clean energy agreements with China

  • they would also jointly invest in three 49.5 megawatt wind power plants in northern China
BEIJING, Jan.18-- British Petroleum (BP) announced it had signed a series of agreements with China on Friday, including those in clean energy and wind power generation, during British Prime Minister Gordon Brown's visit to China.

Under the agreement, BP and the Chinese Academy of Sciences (CAS), will study the feasibility of setting up a joint Clean Energy Commercialization Center (CECC) later this year, aiming at commercializing clean energy technologies, including coal gratification, coal to liquids, coal to chemicals, carbon capture and storage.

The two sides would use the center as a platform to promote research and development in the near zero emissions clean coal initiative and launch related pilot programs.

In a framework agreement with Beijing Tianrun New Energy Investment Co., the two sides said they would jointly invest in three 49.5 megawatt wind power plants in northern Inner Mongolia Autonomous Region. They also agreed to explore further wind power investment opportunities.

London-based BP has invested more than 4.3 billion U.S. dollars in China commercial projects, including natural gas production, fuel and lubricants sales, and petrochemicals manufacturing, since it entered the country in the early 1970s.

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