Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Alstom    ALO   FR0010220475

ALSTOM (ALO)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

ALSTOM : & Datang Agree to Jointly Develop Carbon Capture Demonstration Projects in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/21/2011 | 10:50am CEST

Regulatory News:

China Datang Corporation and Alstom (Paris:ALO) have signed a Memorandum of Understanding (MoU) to form a long-term strategic partnership and jointly develop carbon capture and storage (CCS) demonstration projects in China. The announcement was made on the occasion of the Carbon Sequestration Leadership Forum organized this year in Beijing, and attended by key governmental and corporate energy decision makers.

Under the terms of the MoU, Alstom, together with Datang, will develop two CCS demonstration projects respectively located in China's two biggest oilfields Daqing, Heilongjiang province and Dongying, Shandong province. Alstom offers three technologies for carbon capture : oxy-firing, chilled ammonia and advanced amines. The 350 MW coal-fired power plant of Daqing will be equipped with Alstom's oxy-firing technology and the 1000 MWe Dongying coal-fired power plant will also adopt one of Alstom's leading carbon capture technologies. Both CCS projects are scheduled for operation in 2015. Once completed, the two CCS demonstration projects will each be able to capture above 1,000,000 metric tonnes of CO2 annually.

The two projects represent significant improvement of CCS demonstration projects in China in terms of scale and technology and will further diversify China's CCS technology mix. Economically speaking, the adjacency to oilfields of these projects provides a convenient and cost-effective condition for CO2 transport, utilisation and storage. In addition, after being compressed and piped deep into the oilfield, the CO2 can serve as effective tool for oil pumping, i.e. Enhanced Oil Recovery (EOR) which will increase the financial feasibility of these two demo projects.

For a coal-dependent country like China, carbon capture and storage technology is an essential part of a successful strategy to address climate change while providing cost effective thermal power solution to meet China's energy needs. The Chinese government has vowed to reduce CO2 emissions per unit of GDP by 40-45% by 2020 from 2005 levels, following its promise for a 20% cut by 2010. The two demo projects will pave the way for large-scale CCS deployment in China and help the government in honoring its commitment.

Philippe Joubert, Deputy CEO of Alstom said, "As a proven leader in the development of CCS technology, we are pleased and proud to partner with Datang in CCS deployment in China and to be able to use our leading edge technology in supporting China to combat climate change."

China Datang Corporation has been adhering to the principle of "Clean Power Lights the bright future" since its foundation. The company attaches great importance on the development of low carbon technologies by drastically promoting new and renewable energy, committing to energy saving and emission reduction. Thanks to all these efforts, Datang has achieved substantial reduction in emission, fuel consumptions of thermal power units, and especially in carbon emission intensity, and thus was able to meet the emission reduction target one year ahead of the deadline specified in the Eleventh Five-Year Plan. Looking into the Twelfth Five-Year Plan period, Datang will advocate the research and development of CCS through cooperation and is well positioned to play a key role in the field of low carbon and emission reduction.

Currently Alstom has 16 pilot and demonstration projects all around the world. Earlier this year in June, Alstom has announced that carbon capture technology works and will be cost effective and competitive compared to all other CO2-free technologies.

About Alstom

Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 92,000 people in around 100 countries, and had sales of ?20.9 billion in 2010/11.

About China Datang Corporation

China Datang Corporation (CDT) is an extra large scaled power generation enterprise group established on the basis of the partial power generation assets of former State Power Corporation of China on Dec. 29, 2002. By the end of 2010, the power generation assets in operation and under construction of CDT are widely distributed over 28 provinces (autonomous regions or municipalities) as well as overseas countries such as Myanmar, Combodia and etc, with total installed capacity of 105,895.9MW. The group employs over 100,00 people. In July, 2010, Datang for the first time entered the Fortune Global 500 and ranked 412. In 2011, Datang's ranking rose to 374, 38 positions ahead of last years.

Alstom
Press Contacts
Philippe Kasse (Corporate) - Tel : + 33 1 41 49 29 82
[email protected]
or
Mary Varkados (Power) - Tel : + 33 1 41 49 27 13
[email protected]
or
Investor Relations
Emmanuelle Châtelain, Juliette Langlais - Tel + 33 1 41 49 37 38 / 21 36
[email protected]
website www.alstom.com


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALSTOM
04/28 ALSTOM SA : Smart innovations, smarter mobility by Alstom
04/28 ALSTOM : How One Algerian Gas Turbine Turned into our Largest Services Contract ..
04/27 ALSTOM : and Airbus sign a cooperation agreement in cybersecurity
04/27 ALSTOM SA : Smart innovations, smarter mobility by Alstom
04/27 ALSTOM : and the RATP carry out first tests on the autonomous stabling of a tram..
04/26 ALSTOM : delivers first metro cars of the additional fleet for Panama Line 1
04/26 ALSTOM : Celebrates 25th Anniversary of First High-Speed Train in Spain
04/25 ALSTOM : wins power supply renewal contract for Line B in Argentina
04/22 ALSTOM : wins Buenos Aires metro power supply contract
04/21 ALSTOM : celebrates the 25th anniversary of the first High Speed Train in Spain
More news
Sector news : Heavy Electrical Equipment - NEC
04/25 Thyssenkrupp sees internet-connected elevators giving profits a lift
04/20DJABB : Sales Edged Down at Start of 'Transitional Year' -- Update
04/20DJABB : Revenue Declined in 1st Quarter From Year Ago
04/04 ABB buys B&R to help it challenge Siemens in industrial automation
04/04DJABB : to Buy Bernecker + Rainer Industrie-Elektronik -- Update
More sector news : Heavy Electrical Equipment - NEC
News from SeekingAlpha
01/25 Toyota Has Major New Battery Electric Vehicle Program But Hangs On To Its Hyd..
01/11 Alstom/Bombardier seals French train deal
01/11 WALL STREET BREAKFAST : Trump News Conference Awaited For Direction
2016 Alstom's (ALSMY) CEO Henri Poupart-Lafarge on Q2 2017 Results - Earnings Call..
2016 Alstom ADR reports 1H results
Advertisement
Financials (€)
Sales 2017 7 324 M
EBIT 2017 392 M
Net income 2017 221 M
Debt 2017 282 M
Yield 2017 0,80%
P/E ratio 2017 28,14
P/E ratio 2018 20,09
EV / Sales 2017 0,92x
EV / Sales 2018 0,85x
Capitalization 6 432 M
More Financials
Chart ALSTOM
Duration : Period :
Alstom Technical Analysis Chart | ALO | FR0010220475 | 4-Traders
Full-screen chart
Technical analysis trends ALSTOM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 28,8 €
Spread / Average Target -1,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Henri Poupart-Lafarge Chairman & Chief Executive Officer
Thierry Best Chief Operating Officer
Marie-José Donsion Senior Vice President-Finance
Klaus J. Mangold Independent Non-Executive Director
Candace Krugman Beinecke Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ALSTOM11.84%6 986
ABB LTD.12.76%54 309
SHANGHAI ELECTRIC GROU..0.00%14 187
ABB INDIA LTD36.66%4 643
CHINA XD ELECTRIC CO.,..6.99%4 470
HENAN PINGGAO ELECTRIC..-4.55%2 991
More Results