Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Alstom
  6. News
  7. Summary
    ALO   FR0010220475

ALSTOM

(ALO)
  Report
Real-time Euronext Paris  -  04:21:15 2023-01-30 am EST
27.79 EUR   -0.36%
02:54aAlstom : wins contract for the mid-life modernisation of 34 metro trains in Copenhagen, Denmark
PU
01/27Alstom : Document AMF CP. 2023E882096
PU
01/26Alstom : Document AMF CP. 2023E881808
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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

09/21/2011 | 04:50am EST

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
philippe.kasse@chq.alstom.com
or
Mary Varkados (Power) - Tel : + 33 1 41 49 27 13
mary.varkados@power.alstom.com
or
Investor Relations
Emmanuelle Châtelain, Juliette Langlais - Tel + 33 1 41 49 37 38 / 21 36
investor.relations@chq.alstom.com
website www.alstom.com


© Business Wire 2011
All news about ALSTOM
02:54aAlstom : wins contract for the mid-life modernisation of 34 metro trains in Copenhagen, De..
PU
01/27Alstom : Document AMF CP. 2023E882096
PU
01/26Alstom : Document AMF CP. 2023E881808
PU
01/25Train maker Alstom gains steam on European orders
RE
01/25ALSTOM : Receives a Buy rating from UBS
MD
01/25ALSTOM : JP Morgan keeps its Buy rating
MD
01/25Alstom : Equity Story (25/01/2023)
PU
01/25European Midday Briefing: Softer U.S. Earnings Weigh on Mood
DJ
01/25Alstom Flags Up To EUR38 Billion Sales Over Next Three Years
MT
01/25Transcript : Alstom SA, Q3 2023 Sales/ Trading Statement Call, Jan 25, 2023
CI
More news
Analyst Recommendations on ALSTOM
More recommendations
Financials
Sales 2023 16 533 M 17 948 M 17 948 M
Net income 2023 142 M 154 M 154 M
Net Debt 2023 2 829 M 3 071 M 3 071 M
P/E ratio 2023 82,6x
Yield 2023 1,09%
Capitalization 10 493 M 11 390 M 11 390 M
EV / Sales 2023 0,81x
EV / Sales 2024 0,76x
Nbr of Employees 69 317
Free-Float 98,4%
Chart ALSTOM
Duration : Period :
Alstom Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALSTOM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 27,89 €
Average target price 30,46 €
Spread / Average Target 9,23%
EPS Revisions
Managers and Directors
Henri Poupart-Lafarge Chairman & Chief Executive Officer
Laurent Vincent Joseph Martinez Chief Financial Officer
Alexandre Domingues Chief Information & Transformation Officer
Danny di Perna Chief Operating Officer & Executive Vice President
Bi Yong So Chungunco Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ALSTOM22.22%11 390
PACCAR, INC.11.78%38 474
DAIMLER TRUCK HOLDING AG8.36%28 020
CNH INDUSTRIAL N.V.9.46%23 622
EPIROC AB (PUBL)11.25%23 569
KOMATSU LTD.10.43%23 126