By Jaime Llinares Taboada
Glencore PLC said Monday that it will partner with China Huaneng Group Co. to develop a carbon capture utilization and storage project in Australia.
The London-listed natural resources company said the project will implement China Huaneng's technology at the Millmerran coal power station to capture carbon dioxide and store it in a non-potable aquifer.
Glencore and China Huaneng signed a memorandum of understanding to cooperate on the deployment of CCUS technology on Saturday, as part of the China International Conference on CO2 Capture Utilization and Storage.
Write to Jaime Llinares Taboada at email@example.com; @JaimeLlinaresT
(END) Dow Jones Newswires