Clean Coal Technologies, Inc (CCTC) Announces Receipt of First Tranche of Revenue for WY Project License Fee
NEW YORK, NY / ACCESSWIRE / September 8, 2017 / Clean Coal Technologies, Inc. (OTCQB: CCTC) ("CCTI" or the "Company"), 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.
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™" 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, 2016 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 September 8, 2017