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Clean Coal Technologies, Inc. Announces Receipt of First Tranche of Revenue for WY Project License Fee

 

 

September 9, 2017 - Clean Coal Technologies, Inc. an emerging clean-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, today announced receipt of a deposit from Wyoming New Energy (WNEC) to build a two-million-ton facility using CCTI's Pristine M process. The project, announced June 15 at the Wyoming Mining Association annual conference, will be built by Kiewit Construction. Piper Jaffray (PJC) has been engaged by WNEC to arrange financing for the first commercial scale facility.

 

"This revenue validates our patented Pristine M technology. With the aid of our EPC contractors Kiewit, the final commercial design of the plant is expected later this year and will provide customers worldwide with the blueprint for a cleaner, more efficient and cost effective fuel," stated Robin Eves, CEO and President of CCTI.

 

"For the past two months, Kiewit's engineers have fine-tuned the test plant near Tulsa, OK, and will commence new hot runs early next week at the request of US government energy agencies and international clients," added CCTI CFO/COO, Aiden Neary. "The testing is expected to last four weeks."

 

"We are especially pleased to see the first commercial plant will be built in Wyoming, as local elected officials and business leaders have been exceptionally supportive of Wyoming New Energy and Clean Coal Technologies efforts. The backing of Piper Jaffrey, combined with the ongoing support from state and federal officials, will undoubtedly work to rejuvenate the coal industry in Wyoming," said John Kuker, Spokesman for WNEC.

 

Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company's trademarked end products, "Pristine™" coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. The principal elements of the Company's pre-combustion technology are based on well-proven science and tried-and-tested industrial components. The Company's clean coal technology may reduce some 90% of chemical pollutants from coal, including Sulfur and Mercury, thereby resolving emissions issues affecting coal-fired power plants.