Mitsubishi Heavy to test CO2 Capture System
TOKYO, May 25, 2009
Mitsubishi Heavy Industries Ltd. (TSE:7011) said Friday that it will begin trials of its carbon capture technology at a U.S. power plant in 2011, aiming to create a marketable product by 2015.
Testing will take place at a coal-fired plant in the state of Alabama affiliated with Southern Co., a major U.S. utility. Five hundred tons of carbon dioxide a day will be removed from the plant's emissions and compressed for storage underground. Mitsubishi Heavy says it will be the largest undertaking of its kind at a coal-fired plant.
The Electric Power Research Institute Inc., an independent U.S. research body, will join the effort. Mitsubishi Heavy and others will invest a total of US$100- $150 million, or 9.4 to 14.1 billion yen.
Carbon capture and storage is receiving increasing attention as a means of combating climate change. In addition, coal is a common fuel for power plants in the U.S., China, and Eastern Europe.
Mitsubishi Heavy sees demand for capture technology increasing as carbon trading schemes expand. The industrial giant will also conduct tests at a German power plant starting in 2011.
Published by: TradingMarkets
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