GreatPoint Energy produces clean, low cost natural gas from coal, petroleum coke, and biomass utilizing its bluegas™ catalytic hydromethanation process.
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| Carbon plus water producing methane plus carbon dioxide |
GreatPoint Energy's coal gasification technology appeals to China because it allows them to keep using cheap domestic coal, but in a much cleaner manner.
In 2012, GreatPoint announced a $1.25 billion deal to build the first of 34 coal gasification plants in a remote, coal-rich part of China.
The total project will cost an estimated $20 - 25 billion and will supply one trillion cubic feet of natural gas a year.
This represents a massive leap in the scale of domestic production for China, which last year produced only 107 billion cubic feet of natural gas.
The deal includes an equity investment of $420 million, the largest ever by a Chinese corporation into a venture-capital-funded U.S. company.
In 2012, GreatPoint announced a $1.25 billion deal to build the first of 34 coal gasification plants in a remote, coal-rich part of China.
The total project will cost an estimated $20 - 25 billion and will supply one trillion cubic feet of natural gas a year.
This represents a massive leap in the scale of domestic production for China, which last year produced only 107 billion cubic feet of natural gas.
The deal includes an equity investment of $420 million, the largest ever by a Chinese corporation into a venture-capital-funded U.S. company.
.@SkiPoss @doyleclan1 @luisbaram Large scale natural gas plant example: http://t.co/8HaHDDJmBq Biogas upgrade: http://t.co/odH50YJOJ3
— Askgerbil Now (@Askgerbil) July 13, 2014
.@nswre A new name: "Carbon Capture, Use and Storage." High-value algae production needs reliable CO2 supply. https://t.co/2sBdz9oHOp #CCS
— Askgerbil Now (@Askgerbil) August 25, 2014
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