GE and China Sign MOU on Environmental Technology

GE marked 100 years of doing business in China by signing a Memorandum of Understanding (MOU) with China’s National Development and Reform Commission (NDRC) to expand cooperation in the development of advanced environmental technologies that will support continued, sustainable growth in China over many decades.

“From a small trading business in the early 1900s, to $5 billion in revenues in China today, GE’s strong commitment to China is getting even stronger,” said GE Chairman and CEO Jeff Immelt, who signed the agreement in Beijing with the NDRC. “Advanced energy and environmental technologies bridge our company and this country to a horizon of immense potential growth.” As a continuous commitment to China, GE will also invest up to $50 million in “eco-related” research and development funds at its China Technology Center in Shanghai over the next five years and GE would also provide management and leadership training to up to 2,500 Chinese managers and officials over the same period. Two relevant areas where GE is a leading player in China’s renewable energy market include wind energy, with a total of 700 megawatts of wind turbines to be installed in China, and jenbacher engines, which use methane gas from coal mines and landfills. Engines currently operate on coal-mine gas pumped from the active Xieqiao mine in Huainan, with electricity being fed into the regional power grid. The growth potential for such applications is considerable as China is the world’s largest coal producer.

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