NOVELTY - Producing electricity, and hydrogen or syngas, using molten carbonate fuel cell comprising anode and cathode, involves introducing fuel stream having reformable fuel into the anode, and/or an internal reforming element associated with the anode; introducing cathode inlet stream comprising CO2 and O2 into the cathode; generating electricity within the fuel cell at a fuel utilization of less than or equal to 65% and at cell operating voltage; generating an anode exhaust from an anode outlet of the fuel cell; and separating from the anode exhaust H2-containing stream, and/or syngas-containing stream.    USE - For producing electricity, and hydrogen or syngas (claimed).    ADVANTAGE - The electrical efficiency for the molten carbonate fuel cell is 10-40% and total fuel cell efficiency for the molten carbonate fuel cell is at least 55%. The method provides high total efficiency in terms of the sum of the electrical and chemical outputs relative to the inputs; and produces CO2 stream suitable for carbon capture/sequestration.    DETAILED DESCRIPTION - Producing electricity, and hydrogen or syngas, using a molten carbonate fuel cell comprising an anode and cathode, involves introducing a fuel stream having a reformable fuel into the anode of the molten carbonate fuel cell, and/or an internal reforming element associated with the anode; introducing a cathode inlet stream comprising CO2 and O2 into the cathode of the molten carbonate fuel cell; generating electricity within the molten carbonate fuel cell at a fuel utilization of less than or equal to 65% and at a cell operating voltage, a ratio of a cell operating voltage to a cell maximum voltage is less than or equal to 0.65; generating an anode exhaust from an anode outlet of the molten carbonate fuel cell; and separating from the anode exhaust a H2-containing stream, and/or a syngas-containing stream.    DESCRIPTION OF DRAWING(S) - The figure shows a schematic view of the operation of a molten carbonate fuel cell.