China Backs $2.5B Plant To Gain Carbon Capture Know-How

Law360, New York (September 13, 2012, 10:13 PM EDT) -- China is playing a major role in financing and building a $2.5 billion Texas coal power plant that will use carbon capture and storage, a move experts say is meant to gain key technology the country can use to cut its own emissions and position its industrial giants to be future leaders in CCS contracting.

The Texas Clean Energy Project near Odessa, Texas, is the United States' first commercial-scale test for CCS, which traps greenhouse gases emitted from power plants and either pipes them to underground...
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