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China Energy, Seamwell to Build $1.5 Billion ‘Clean Coal’ Plant

China Energy Conservation & Environmental Protection Group, a state-owned project developer, will build a $1.5 billion “clean coal” plant in Inner Mongolia with U.K.-based Seamwell International Ltd.

The companies agreed to collaborate on the electric power plant that’ll harvest its energy from gasified coal deep underground, the first commercial plant of its size in the world, according to a statement today from Seamwell.