Australian Investor to Visit Plant as Washington Interest Increases
DOWNLOAD AS PDF January 09, 2017
NEW YORK, NY / ACCESSWIRE / January 9, 2017 / Clean Coal Technologies, Inc., (OTC PINK: CCTC) ("CCTI" or the "Company"), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, today provides an update on progress with potential strategic partners and governmental organizations as we enter 2017.
"The head of a consortium consisting of Australian investors, Indonesian mining interests, and Singapore bankers is visiting the plant on January 17th as part of their due diligence with the intention of funding the company through commercialisation. Interest is very strong from overseas and the USA," said CCTI CEO Mr. Robin Eves. "This is a fantastic opportunity to get a diverse group of strategic and financial investors in one group. This group brings with them both the financial capabilities and the Indonesian and Australian coal interests."
"The recent US Presidential election has breathed new life into the fossil fuel industry in a way no one could have predicted a few months ago," stated CCTI CEO, Robin Eves. "With our previously stated position hoping for a more supportive environment for our sector, the last several weeks have seen a significant change in attitude towards the domestic coal industry, much of it focusing on the export market, where our technology is ideally suited to improve the economics, despite the strong dollar, and make PRB coal competitive on the international markets," said Mr. Eves.
"Management has had extensive dialogue with Washington since the New Year, with a structured follow up scheduled. We are looking forward to seeing words translated into actions after the 20th of January with the new mandates that will be instigated for the coal industry by the new administration. We believe that this change in attitude will further increase the value of our groundbreaking first-of-a-kind technology."
"The economics of the global coal industry are providing a perfect storm for our technology," added CCTI COO, Mr. Aiden Neary. "The international coal industry has picked up over the last 12 months, and the domestic market is starting to, as well. Producers and governmental bodies have explored with us how to deploy our technology in key markets such as the North Dakota and Wyoming PRB to help bolster their industries, while foreign markets such as Indonesia and Australia have similar desires. We have also been offered laboratory access from domestic federal agencies wanting to further fine-tune our process to more accurately service the domestic market," concluded Mr. Neary.
"We will schedule a full web cast after our visit to the plant and Washington, at which time we hope to have exciting and decisive news on our schedule to commercialisation in 2017," concluded CEO Robin Eves.
