Clean Coal Technologies Inc. (CCTC) Announces the Signing of an MOU with the School of Energy Resources, University of Wyoming
NEW YORK, NY / ACCESSWIRE / October 24, 2017 / Clean Coal Technologies, Inc., (OTC PINK: CCTC) ("CCTI" or the "Company"), a clean-energy company utilizing patented technology to convert run of mine coal into a cleaner burning and more efficient fuel, today announced the signing of an MOU with the School of Energy Resources, University of Wyoming. The focus of the MOU is to further develop the performance and commercial potential of CCTI's groundbreaking coal-beneficiation technology.
"Developing this important technical relationship with the School of Energy Resources, University of Wyoming is a very significant and deliberate step for our company and will allow us to confidently further develop the wide-ranging potential and prospects for our patented and proven coal-beneficiation technologies," said CEO Robin Eves.
"The University -- through its Carbon Engineering Initiative -- is sharply focused on advantaging and maximizing the potential of Wyoming mineral resources especially coal, both domestically and overseas, and our technology fits very well in Wyoming actualizing their strategies," added Mr. Eves. "With one of CCTI's top priorities being to beneficiate Powder River Basin (PRB) coal, the synergies achievable from joining hands with the School of Energy Resources are compelling for us."
Richard Horner, Director Special Projects and Emerging Technology, within the School of Energy Resources, said, "The CCTI technology is proven at pre-commercial scale in the field and is a prime technology for us to investigate and support its development. We view the CCTI technology as an exciting and serious candidate that might be deployed to improve the competitiveness of Wyoming coal in existing markets and to support the development of new market opportunities too." Mr. Horner added, "There are proprietary features of the CCTI technology which have scope to be incorporated into our 'coal refinery' concept, that we have been working on now for over two years. Different technology platforms can be linked and leveraged to make wide-ranging fuels, materials and chemical products while producing minimum waste or environmental hazard."
"The ongoing International business and technology transfer relationships that the State of Wyoming is actively engaged and developing, in pursuit of Wyoming coal sales growth, - such as Japan, India, and Taiwan, accord well with CCTI's market-driven technology penetration strategy and we look forward to identifying mutually compatible and beneficial objectives," added CCTI COO Aiden Neary.
"We are very excited to be working with Wyoming and for the support we've received, and view this new relationship as a strategic one that will be long-lasting and will help both parties to deliver value to their stakeholders and deliver a product that's more valuable and more efficient," concluded CEO Robin Eves.
Further updates on the results of the additional tests at the CCTI test facility in Oklahoma will be forthcoming.
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
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.
About the School of Energy Resources
UW's School of Energy Resources provides undergraduate and graduate education, conducts research on existing and emerging industry resources, and disseminates scientific, engineering and economic information to support Wyoming's near- and long-term energy future., visit http://www.uwyo.edu/ser/about-us/
For More information please contact:
Sean Mahoney, Media consultant:
SOURCE: Clean Coal Technologies, Inc.
Released October 24, 2017