Rio Tinto , BP to Develop Coal Project

Multinational mining and resources group Rio Tinto has created a new joint venture with oil giant BP to develop a $2 billion coal-fired power generation project at Kwinana in West Australia.

Hydrogen Energy's project, which will the subject of a feasibility study, would be fully integrated with carbon capture and storage to reduce its emissions of greenhouse gases, the companies said.

This would be the first new project for Hydrogen Energy, which was formed to develop decarbonised fossil fuel projects around the world, with the contribution of two existing projects in Scotland and in the US.