CCTI Moves Forward With Wyoming Coal Industry & Business Leaders to Explore Coal Enhancement Process Implementation
NEW YORK, NY / ACCESSWIRE / March 9, 2017 / Clean Coal Technologies, Inc. (OTC PINK: CCTC) ("CCTI" or the "Company"), an emerging cleaner-energy company utilizing patented and proven technology to convert untreated coal into a cleaner burning and more efficient fuel, today released details of meetings held recently with key state and coal mining and business leaders in and around the Powder River Basin region of Wyoming.
"Our visit to Cheyenne and Gillette, Wyoming last week highlighted the need for a collective administrative and technological effort to help revitalize the region's coal mining and export businesses," stated CEO of Clean Coal Technologies, Inc., Robin Eves. "We had very productive meetings with both state and local coal representatives that were coordinated by the state business development office. These meetings, in conjunction with the ongoing support of the DOE and Capital Hill, have led us to commence the application process for obtaining permits necessary for a commercial plant in Wyoming. While there, we also toured a very promising site with rail access where we may relocate and permanently move our test facility in order to commence testing our Pristine-M process on non-US coal."
"The landscape has significantly shifted for the US coal industry since the new administration took office and the momentum to reinvigorate the coal export market is exciting," added CCTI CFO/COO, Aiden Neary. "In order to succeed in this space, we need more than just technology. We also need a coordinated effort that addresses the transportation challenges facing US coal."
Coal processed using CCTI's unique cleansing and enhancement technology produces a higher quality stabilized and dust-free product. It eliminates a variety of concerns currently facing rail transport and the handling of coal, and company management has begun discussions concerning these issues with major railways. Discussions in Wyoming centered on economic modeling of our stabilized product and its competitive advantage on the global stage. "By de-moisturizing the low ash and low sulfur content PRB coal and stabilizing it, we're going to be able to increase its marketability and value. Discussions with international customers to purchase the higher efficiency, lower emission coal are well underway," concluded Mr. Neary.
"We will continue to update the market and our shareholders on our journey to commercial deployment," continued Mr. Eves. "The challenges facing the US coal industry are many, but we firmly believe the new Administration will help find solutions like our technology that will help deliver much needed and more efficient energy solutions to so many parts of the developing world."
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, "PristineTM 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.
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 March 9, 2017