Clean Coal Technologies, Inc. (PINKSHEETS: CCTC) announced today that as a result of assessments conducted using the same power plant simulation model developed by the US Department of Energy in conjunction with Carnegie-Mellon University, their patented clean coal technology could reduce GHG emissions significantly when used in a coal-fired plant.
The simulator, based on actual data gleamed from hundreds of power plants, uses sophisticated algorithms to predict emission and performance changes in power plants when coupled to different technologies and fuels. CCTI conducted the simulations based on the use of its "PRISTINE" clean coal, obtained by processing low-rank Powder River Basin coal (or other similar coals and lignite) with CCTI's technology. Significant reductions in emissions (including GHGs) were observed when the PRISTINE clean coal was substituted as fuel instead of a Powder River Basin coal, in a 200 MW power plant.
President of Clean Coal Technologies, Inc. Doug Hague stated: "We always recognized the value of our technology as a pre-combustion process to remove moisture and harmful chemical pollutants from coal. Until recently, these predictions were based on the properties of our "PRISTINE" clean coal; however, the results obtained from the Carnegie-Mellon power plant simulation further reinforce our technology's potential in realizing an estimated 70% reduction in both CO2 and NOx emissions. In addition to the reduction in these emissions, the results also predict a 7% increase on boiler efficiency, a 35% decrease in power draw per MW for the coal pulverizers, and a 40% reduction in coal consumption. Such advantages will significantly improve the cost-benefits of using CCTI's "PRISTINE" clean coal in lieu of raw low-rank coal that is currently combusted in many power plants throughout the U.S. The conversion of raw low-rank coal into PRISTINE clean coal comes at a fraction of the cost to achieve similar benefits through post-combustion emission control technologies."
Hague added, "We are very excited with these results, particularly as they support our belief that our clean coal technology represents a credible bridge for the sustained use of coal as a viable fuel source until other alternative energy sources are developed. What is even more exciting is that it now addresses the issues of reducing GHG emissions and providing a compelling source for accumulating Carbon Credits that can be traded to provide an additional source of revenue for a power plant."
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