Clean Coal Technologies, Inc. Signs Agreement with Benham to Support Commercialization of Clean Coal Technology in China
CCTI's Clean Coal Technologies Advances as "China's Pollution Solution"
CORAL SPRINGS, Fla.--
Clean Coal Technologies, Inc. (CCTI) (Pink Sheets:CCTC) announced today that it has signed an agreement with The Benham Companies, LLC (Benham), to support commercialization of CCTI's coal cleaning plants in China. Benham is a wholly-owned subsidiary of Science Applications International Corporation (SAIC). SAIC has supported Clean Coal Technologies and its predecessor companies since 1996 in the advancement of CCTI's proprietary technology to pre-process coal for removal of up to 90% of pollutants and excess moisture prior to use as a clean-burning fuel in coal-fired power plants.
Doug Hague, CCTI's President and Chief Operating Officer, stated, "Our agreement with Benham, a leading engineering and design build company, is further testimony to the viability of our technology, and our commitment to work with those companies that have the global recognition and capabilities to support and contribute to a project of this scale and importance. In conjunction with CCTI's parallel $100M joint venture in China, this agreement reaffirms our commitment to taking a leadership role by leveraging our proprietary technology to provide a clean, inexpensive and pollution-free energy source that will enhance economic development while helping to protect the health and well being of people in China, India, and the rest of the world."
With the support of the US Department of Commerce, CCTI plans to build modular front-ends to power plants that will transform coal with high levels of impurities and contaminants into an efficient, clean-burning energy resource. With its significant social and economic benefits, the joint venture has received tremendous support and encouragement from the Chinese government, which has designated a 160-acre parcel of land for the construction and operation of the first of what, could potentially be many CCTI plants in China.
"Safe Harbor for Forward Looking Statements: This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments."
Source: Clean Coal Technologies, Inc.
Released February 28, 2008