With Soaring Coal Prices CCTI Evaluates Counter Bids from Australia
NEW YORK, NY / ACCESSWIRE / October 31, 2016 / Clean Coal Technologies, Inc., (OTC: CCTC) ("CCTI" or the "Company"), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, today announced that it is evaluating counter bids from major Australian entities, in conjunction with the on-going due diligence being performed by the current potential US investor.
"The continued increase in global coal prices driven by demand from India, China, South Korea and Japan has resulted in the reopening of many coal mines in Australia and a resurgence of focus on clean coal technologies," said Robin Eves President and CEO. "We have been approached by a major Australian group to assess a strategic partnership with our company, and management is flying to Australia this week to review this opportunity in more detail. The current due diligence underway by the major US investor continues on track but it is important that we explore every opportunity to maximize the deployment of our technology and enhance shareholder value," added Mr Eves.
"Unlike many other technologies in this space our patented technology has been successfully tested and proven to significantly enhance coal quality so we are ready to deploy commercially. This gives a competitive advantage for our end clients. Significant steps continue to be taken domestically here in the US with a negotiations moving forward in Wyoming primarily focused on the export market," said President and CEO Mr. Robin Eves.
About Clean Coal Technologies, Inc.
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(tm)" 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. For more information about Clean Coal Technologies please visit: www.cleancoaltechnologiesinc.com
Forward Looking Statements
This release may include forward-looking statements related to CCTI's plans, beliefs and goals, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include, but are not limited to, statements about CCTI's plans, objectives, expectations and intentions with respect to future operations, its products, its ability to secure financing for its operations, the impact on the industry and other statements identified by words such as "will," "potential," "could," "can," "believe," "intends," "continue," "plans," "expects," "anticipates," "estimates," "may," and other words of similar meaning or the use of future dates. Additional details about CCTI's business and its operations that could affect CCTI's actual results are described in CCTI's filings with the Securities and Exchange Commission, including the "Risk Factors" that are part of its most recent annual report on Form 10-K for the year ended December 31, 2015 and in each of its subsequently filed periodic reports. All forward-looking statements in this release speak only as of the date of this news release. CCTI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE: Clean Coal Technologies, Inc.
Released October 31, 2016