GE: signing of a MoU with Korea's Carbonco
(CercleFinance.com) - GE Vernova's Gas Power, Korea's Carbonco, a company specializing in decarbonization solutions today announced the signing of a Memorandum of Understanding (MoU), to jointly carry out a feasibility study to develop a CCUS value chain and joint solutions to decarbonize gas power plants in Indonesia, powered by GE Vernova power technology.
The joint project aligns with efforts to bolster Indonesia's energy transition towards a lower-carbon future rapidly and with scale, especially in the power generation sector.
" We are especially focused on further developing crucial breakthrough energy technologies such as carbon capture, and are pleased that this collaboration will pave the way for a robust value chain that will help address carbon emissions reduction in the power sector and support climate change commitments in Indonesia " said Ramesh Singaram, Asia President & CEO of GE Vernova's Gas Power business.
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