Clean Coal Technologies Receives Exciting Update on Inner Mongolia
Provincial Government Determines That CCTI Technology Meets All Criteria for Final Approval
CORAL SPRINGS, FL -- (MARKET WIRE) -- 05/26/10 -- Clean Coal Technologies, Inc. (PINKSHEETS: CCTC) announced today that it has received formal notification that as part of the final project approval process, the Provincial Government has formerly advised that CCTI has met all the criteria established for the approval of its project and that the formal approval documents would be issued by mid-June 2010.
The reference Chinese documents will be available on the Company's website later today, as will the final documents once issued.
"We are delighted to receive this encouraging news, which promises to position our patented PRISTINE technology in the forefront of solutions to address the world's 'clean energy crisis,'" said Doug Hague, President and CEO. "As a further endorsement of our technology, and indication of the pending final approval, we have been asked to immediately commence with the final engineering design and construction planning. Our Inner Mongolia contract in China could be the largest of its kind. Estimated to eventually generate some $350 million in revenue per year with a 30-year guarantee, this contract could be worth $10.5 billion, and promises to place us in the forefront of our industry."
About Clean Coal Technologies, Inc.:
Clean Coal Technologies, Inc. owns a patented technology to reduce the contaminants and pollutants created by the burning of coal through a patented multi-stage process that transforms coal with high levels of impurities, contaminants and other polluting elements into an efficient, clean and inexpensive source of high-energy, low-polluting fuel.
Matters discussed in this press release contain forward-looking statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks.
<b>Company Contact: </b>Doug Hague CEO Tel: 954-344-2727 Email: Email Contact Website: http://www.cleancoaltechnologiesinc.com
Released May 26, 2010