Peabody in China
Peabody Energy has a growing global platform to serve China and other high-growth Asian demand centers.
China’s energy demand has quadrupled in the past decade as the nation has delivered nearly 10 percent annual gross domestic product (GDP) growth. As China industrializes and urbanizes, it is expected to use more electricity than the entire Western Hemisphere in as little as 20 years.
China is turning to coal to fuel its progress. Low-cost coal powers approximately 80 percent of China’s electricity needs, prompting the International Energy Agency to call China a “coal-fueled economic miracle.” Coal-fueled generation in China over the next 20-plus years is projected to exceed the current capacity of the United States, the European Union and Japan combined. China also consumes significant and growing quantities of metallurgical coal to build its fast-growing cities.
Peabody is advancing a lengthy pipeline of projects and partnerships in China with leading energy, coal and steel companies. Our value proposition is simple: Peabody will offer world-class expertise in engineering and project management, a reputation for integrity and a record of safety, productivity and environmental results.
China has become a testbed and factory for some of the world’s most advanced low-carbon and near-zero emissions coal technologies.
As the only non-Chinese participant in GreenGen, Peabody is a partner and leader in the development and deployment of green coal technology. GreenGen is China's signature carbon initiative, a power plant and carbon research center in Tianjin. It is the first integrated gasification combined cycle power plant project in China and a model for the world.
Peabody is also a founding member of the U.S.-China Energy Cooperation Program, a public-private partnership to accelerate the commercialization of clean coal projects in China.
Read more about Peabody's capabilities in the English or Mandarin versions of "Coal is the Future, Peabody is the Partner."
Zhenchun Shi, President Peabody - Asia
Jie "Jay" Li, Vice President - Business Development
Peabody Investment & Development Business Services Beijing Co., Ltd
Suite 4201, Beijing Yintai Center
Tower C, No.2 Jianguomenwai Avenue
Beijing, 100022, China
Phone: +86 10 6529 8666
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