Sunday, May 20, 2007

BP, Rio Tinto to Study $1.65 Billion Clean Coal Power Plant in Australia

(Bloomberg) -- BP Plc and Rio Tinto Group said they
will start studying a potential A$2 billion ($1.65 billion) coal-
fired power plant in Western Australia that will use a system to
capture and store carbon to reduce greenhouse gas emissions.

The plant will be the first new project for Hydrogen Energy,
a new venture company started up by the partners last week, BP
and Rio Tinto said today in a statement to the Australian Stock
Exchange.


Read more at Bloomberg Energy News

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