Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

China's Sinopec eyes stake in Texas power project

More here from the original source, the WSJ

Such a move would be significant for Sinopec, which is looking to build favor in the U.S. as it aggressively acquires energy reserves and seeks U.S. production expertise, currently through minority stakes and partnerships with Western companies.

A person close to Sinopec said the company wants to learn from the project, and would use expertise gained in Texas to bolster enhanced oil-recovery efforts in China's large Shengli oil field in the eastern province of Shandong.

The 400-megawatt Texas Clean Energy Project will be an Integrated Gasification Combined Cycle facility capable of capturing between 90 and 99 percent of the carbon dioxide, sulfur dioxide, nitrogen oxide and mercury it produces.

The project will receive $450 million in federal funding, according to the U.S. Department of Energy. The facility is expected to be fully operational in 2015.

It would be nice if Capstone could get a piece of that action, although more than likely the Chinese would rip off the Capstone Turbine design and sell them via Harbor Freight.

Additional info on Siemens role