General Electric Co and Schlumberger, an oilfield services company have joined forces to sequester CO2 on a large scale, according to an article in Reuters.

“The accord is the first global pact on C02 linking an energy technology provider and an oil industry company, Diarmaid Mulholland, regional general manager for GE’s energy services in Europe, told Reuters.

“It’s more of a long-term alliance. It’s going to take a number of years for this really to get up and going,” he said. Sequestration calls for capturing CO2, a gas blamed for global warming, and injecting into the earth.

The pact calls for GE to provide integrated gasification combined-cycle (IGCC) systems to capture CO2 from coal-fired plants. Schlumberger will furnish expertise and management for storing CO2 at least a kilometre (0.6 mile) underground.“

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This entry was posted on May 28th, 2008 at 15:40 (GMT) and is filed under Carbon capture, Coal, Energy, Industry Reports . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.