NewStream Energy Technologies Group Inc (NSGP)

[sydog13]

China is Taking a Leadership Role in Clean Coal Technologies May 3 2010
http://us1.campaign-archive.com/?u=29bc7d5d85828d574f86c157a&id=b1cf1caecb

Widespread deployment of clean coal technology is the key means of achieving significant, long-term reductions in greenhouse gas emissions while maintaining economic growth. Coal-based technologies that increase efficiency and eventually employ carbon capture and sequestration (CCS) will be among the lowest cost, low-carbon alternatives for electricity generation and for energy supply. Recognition of these energy realities is exemplified in a joint statement signed by President Obama and Chinese President Hu Jintao in November, 2009, in Beijing: "The two sides strongly welcomed work in both countries to promote 21st century coal technologies."

A key indicator of this cooperation is the recent agreement between companies in the U.S. and China regarding the construction of GreenGen -- a coal-based CCS facility in Tianjin. And, just last week, the U.S. Trade and Development Agency (USTDA) announced funding for a feasibility study that would support the advancement of commercial-scale integrated gasification combined cycle (IGCC) facilities in China -- marking a critical next step toward the deployment of “cleaner coal” technology in the world's most populous nation.

Given the central role coal plays in China's socioeconomic progress, China is moving forward on a wide variety of fronts to institute clean coal programs at scale.