For stable degree 0 operations, and also for additive unstable operations of bidegree (0, 0), it is known that the centre of the ring of operations for complex cobordism is isomorphic to the corresponding ring of connective complex K-theory operations. Similarly, the centre of the ring of BP operations is the corresponding ring for the Adams summand of p-local connective complex K-theory. Here we show that, in the additive unstable context, this result holds with BP replaced by BP〈n⌰ for any n. Thus, for all chromatic heights, the only central operations are those coming from K-theory.

Based on the algebraic cobordism theory of Levine and Morel, we develop a theory of algebraic cobordism modulo algebraic equivalence.

We prove that this theory can reproduce Chow groups modulo algebraic equivalence and the semi-topological K0-groups. We also show that with finite coefficients, this theory agrees with the algebraic cobordism theory.

We compute our cobordism theory for some low dimensional varieties. The results on infinite generation of some Griffiths groups by Clemens and on smash-nilpotence by Voevodsky and Voisin are also lifted and reinterpreted in terms of this cobordism theory.