The GreenGen Co. was founded on December 23, 2005. The company has been approved by the State Administration of Industry and Commerce (SAIC) with a registered capital of RMB 300 million. Its important shareholders come from five largest power companies, two biggest coal companies and one important investment company: the China Huaneng Group (CHNG), the China Datang Corporation, the China Huadian Corporation, the China Guodian Corporation, the China Power Investment Corporation, the Shen Hua Group, the China National Coal Group and the State Development and Investment Corporation. CHNG is the largest shareholder with 51% of the total investment, and the other seven companies hold 7% equity each.

GreenGen’s business goals include: coal gasification, oxygen production, hydrogen production, syngas purification, hydrogen turbine and fuel cells generation, carbon dioxide capture and sequestration; and also research on advanced materials, instrumentation and control technology, related technologies of applications development; advisory services, technology transfer, power plant construction, operation and management.

GeenGen’s objective is to design, build and operate the first IGCC power plant in China in 2009 and coal-based, near-zero-emission GreenGen power plant in China with intellectual property rights.