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During President Hu Jintao’s state visit to the United States, Shenhua Group and GE formally signed the “Joint Venture Company Contract†and “Articles of Association†of “GE Shenhua Gasification Technology Companyâ€. The agreement signed this time is based on the framework defined in the “Joint Venture Contract†and “Articles of Association†and further clarifies, refines and regulates the major issues of the joint venture’s technology sources, R&D, and phased operations, which signifies the Group’s company and GE’s The strategic cooperation entered a substantive stage.
Coal gasification equipment is a necessary process route for all coal-to-oil and coal chemical projects. Not only is the investment large, but the operating conditions are directly related to the success or failure of the entire plant. GE has advanced gasification technology and rich experience in gasification. Shenhua Group, as the world's largest coal supplier, takes advantage of coal supply, transformation, and power generation. The GE Shenhua Gasification Joint Venture is a cooperation under the clean energy framework between China and the United States. It is a cooperation platform where the two sides complement each other's strengths and work together.
Agreement of GE Shenhua Gasification Joint Venture Company
On the 18th, the signing ceremony for the relevant agreements of GE Shenhua Gasification JV was held in Beijing. Wu Xiuzhang, deputy chief engineer of Shenhua Group, chairman of Coal-to-oil Chemicals, and Keith White, general manager of GE Energy's gasification business, signed the agreement on behalf of the two companies.