BEIJING, May 10, 2010 (Xinhua News Agency) -- China's first carbon capture demonstration project launched by China Huaneng Group has captured nearly 4,000 tonnes of carbon dioxide after one year operation, and all the captured carbon dioxide has been adopted for commercial use.
The demonstration project is located in Huaneng Beijing thermal power plant, which involved a total investment of 21 million yuan in equipment, with annual capacity of about 3,000 tonnes, and recovery rate of 85 percent.
So far, it has formed a daily carbon capturing capacity of 12 tonnes, and has been put into commercial usage. All the captured carbon dioxide is sold at 500 yuan/tonne while its operation cost is only 300 yuan/tonne.
According to Huaneng, the production cost of food-grade carbon dioxide made from the captured carbon is under 420 yuan/tonne, far less than the current market price of 800-1200 yuan/tonne.
China Huaneng Group is the parent company of Huaneng Power International, Inc. (NYSE:HNP) (600011.SH; 0902.HK; HNP.NYSE). (Edited by Li Xiaohui, email@example.com)