Clean Coal Technologies, Inc. Making Progress with Coal Co.'s and US Gov. Toward Renewed Jobs and Exports
NEW YORK, NY / ACCESSWIRE / February 23, 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 announced progress they're making in helping advance domestic coal interests in Wyoming.
"After several months of working with both the DOE and Capitol Hill, we are very pleased to announce that key meetings have been scheduled for CCTI management the week commencing February 27th in the PRB region of Wyoming," said CCTI CTO, Robin Eves. "These meetings have been arranged for by local officials and will combine both government officials as well as visits to local working coal mines and mines that have been shuttered due to the recent challenges facing the coal industry. We remain steadfast in the belief that our technology can assist in bringing jobs back to the US coal industry. Our focus is on penetrating the export market with our patented processed coal by improving the quality of the coal, increasing its value for export and making it more environmentally safe for transport."
Company management is very excited about the change in attitude towards coal since the Trump Administration took office. It's the company's hope that coal mining, handling and transportation jobs will no longer be lost because of dwindling exports. Environmental activism and technological advancement can mutually exist to create a more efficient and cleaner use of coal, and CCTI's patented technology is proving that. The company is committed to working with both industry bodies, those businesses supporting the industry and the US government to deploy technology to bring back badly needed jobs but to do so in ways that upgrade and update processes for the entire coal-fired energy industry.
"It's becoming an increasingly exciting time in this space and we are being very careful to explore every opportunity available to us that will increase shareholder value with as little dilution as possible," continued Mr. Eves. "Our objective is to secure not just short-term value for CCTI but to create sustainable medium to long-term value in our company and its technology to ensure an effective and timely up-listing to a major exchange in the future."
"We have spent the last few months developing and revising economic analysis on PRB and other coals, assessing both US domestic production costs and international demand specifications, and we are confident that our unique stabilized, dust-free coal provides an attractive alternative to transporting and exporting traditional coal," added Aiden Neary, CCTI CFO/COO. "Despite the strong $US, treating PRB coal with our technology can finally provide a competitive advantage for US mined coal by reducing moisture, increasing the coal's BTUs and stabilizing the final product for transport. The meetings next week should allow us to complete our economic modeling and potentially provide a place for the relocation of our test plant, and the potential location for our first commercial plant."
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.
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 February 23, 2017