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The ninth circuit did that? LOL!
Unless they sign a contract or two which still remains feasible.
It is the first time the company has provided actual figures regarding operations, which makes sense given the progress and expectation of commercialization this year; however, these figures are substantial and would require a capital raise across a mix of additional equity and convertible debt. Further, the capex requirement behind a fully functioning plant are significant, which I am hopeful investors behind Wyoming New Power along with international investors would execute on once commercialization is announced.
As per the 10Q there was a total of approx 4.5m shares issued to the note holder. Since the rogue investor got it we have traded close to 5.2m shares. Are these conversions close to finished yet? We'll find out soon.
On a side note - DOE and pentagon are ramping up Rare earth mineral extraction through legislation that will pump 2 billion dollars into multiple projects in the United States. Since Clean Coal Technologies, Inc is also
in the developmental stages of REE, It could be a booster element to a developing technology company in near term for funding of their own plant.
As we have already seen boost in "REEMF". Oh yeah! market is changing alright. No doubt investors are aware of these markets already.
Also Coal to liquid fuel interest peaking $$CHING!!!
https://www.defensenews.com/congress/2020/05/18/pentagon-legislation-aims-to-end-dependence-on-china-for-rare-earth-minerals/
The administration is on the right track. Lacking nothing!
During April 2020, a related party convertible note holder elected to convert $100,000 of note principal into 1,250,000 shares of the Company’s common stock at $0.08 per share.
During April 2020, the company entered into a six month 5% convertible note with a third party for $247,500. The note attracted approx. 10% OID and will be convertible after six months at a 35% discount. The company retains the right to buy back the note during the first six months.
During May 2020, convertible note holders elected to convert a total of $139,500 of note principal and $4,000 in accrued interest and $500 in fees into 4,430,768 shares of the Company’ common stock at approximately $0.03 per share."
Buy! Buy! Buy!
The good news is they are getting funded as they progress!
"The calm before the storm"
Well said.
Calm before the storm.
Shareholder meeting- CCTI has been in contact with Wyoming mine operators regarding their technology and are making plans to deploy it throughout both domestically and internationally. Black Diamond and the University of Wyoming and the state are the primary funding sources although CEO Eves has mentioned international investors such as Italy, Indonesia, India etc are setting up for investment.
Robin mentioned the 1.1 Million dollar high tech advanced rotary kiln will be delivered in June!
The company has hired contractor from Colorado and local contractors including a local engineer to oversee project and to see reassembly through in a timely manner and considering the current virus situation, all looks pretty good. The KILN has capability to extract Rare Earth Minerals which is in the works at CCTI. testing of domestic and international coal is set for 3rd qtr of 2020 and the company has been collaborating with coal owners about what results they want to see come from the testing!
Wyoming New Power- A future partner of CCTI and Jindal steel and power "CCTI's partner" also a major steel and thermal coal producer from India are communicating with each other on a daily basis and are making decisions on how to proceed. Luckily, Wyoming are not as affected by the virus "thing" so things are moving along well considering. The company is funded- Nothing more to it.
Clean Coal Technologies not only has the ability to cut carbon emissions by 35% immediately in country's like china , India and Russia but it can eliminate coal dust associated with transport of it over land and sea all over the world which is the primary environmental concern.
You are exactly
https://www.navajo-tec.com/ NTEC employs 1,500 workers-Only 130 have been laid off.
Mining and steel as essential services
The central Indian mining states have deployed a slew of legislations to continue mining operations. The Odisha government has invoked the Epidemic Diseases Act of 1897 and issued Orissa COVID-19 Regulations, 2020 under it. These regulations allow the government to exclude “essential services” from any lockdown restrictions. An order (9015/H&FW) issued by the Health and Family Welfare Department on March 24 has excluded the following from any restrictions, subject to preventive measures like social distancing and containment: “v. Operation of mines of iron ore, coking coal, thermal coal, limestone, dolomite, manganese, chromite etc. as well as operations of ferroalloys, iron ore pellet plants etc. which are supply critical raw material for steel making”
Your statement about "your crack management team" I agree!
https://www.proactiveinvestors.com/companies/news/901650/university-of-wyoming-validates-ny-based-clean-coal-technologies--coal-dehydration-tech-901650.html Aug-19-2019
Dr. Richard Horner states in this Aug-2019 interview that CCTI will showcase their technology in a year or so which would land on or around August-Sept of 2020. Coincidence? Or did Horner have more insight than anyone knew?
Horner also states that the University was happy that they were able to prove and validate the technology works and his job is to accelerate the deployment of CCTC's technology in Wyoming and building the first commercial plant here is their primary objective.
Preparing to commercialize.
yoming’s Public Service Commission unanimously approved a new agreement with the state’s largest utility last Tuesday to ensure the cost of generating and transmitting electricity across six states within the utility’s service territory remains equitably distributed.
The 2020 interjurisdictional agreement makes changes to a previous 2017 agreement in an effort to extend greater flexibility and autonomy to Wyoming and other states in PacifiCorp’s service territory. Under the new plan, states will have a bit more agency to determine their own energy portfolio, but still maintain the perks of an integrated electrical system.
The changes in protocol come at a time when several West Coast states have elected to transition away from coal, while others, like Wyoming, want to continue depending on the commodity. The splintering of preferences has greatly complicated PacifiCorp’s integrated electrical system.
The commission’s endorsement of the agreement Tuesday comes after several years of heated negotiations between about 35 stakeholders across the six-state territory. Given the new system’s complexity, PacifiCorp will have a four-year transition period in which to implement the changes.
Wyoming’s Public Service Commission, upon approving the new plan Tuesday, appeared pleased a resolution had been reached.
“I think the multi-state protocol does the best it can under the circumstances,” Mary Throne, deputy chair of the Public Service Commission, said at an open meeting Tuesday held by phone.
“There are several features in the agreement that protect Wyoming,” she added.
Why make changes?
The call to update the multi-state agreement came when some of the states within PacifiCorp’s service territory, like Washington and Oregon, announced plans to divest from coal and transition to more renewable energy. In response, some Wyoming lawmakers doubled downed on their support for coal-generated electricity.
Bill would allow companies that buy retired power plants to take on their customers, transmission lines
ENERGY JOURNAL
Bill would allow companies that buy retired power plants to take on their customers, transmission lines
Camille Erickson , Nick Reynolds
The swings in energy portfolio preferences put a wrinkle in the collaborative approach PacifiCorp takes to providing reliable and inexpensive electricity to 1.9 million customers across the Rocky Mountain region. Having an integrated and diverse system like PacifiCorp’s typically offers a host of benefits to ratepayers in the form of more efficiency, stability and lower rates.
In other words, some states’ preference to transition away from coal (and others’ desire to keep it) presented a particularly thorny logistical challenge for both the company and state regulators across the West. Those involved were left to consider how to fairly distribute energy costs across half a dozen states with conflicting aspirations.
But federally subsidizing Wind generated power and raising customers rates is not a cheap source of power.
https://investorshub.advfn.com/Rare-Element-Resources-REEMF-16735/
Just like I said, Rare earths.
Nothing else matters! It's the legislation from Wyoming and the money funded to CCTI and the UW . The permits approved that allow them to proceed. This is all that matters! Progress moves forward!
This is the road map and all roads lead to @CCTC.
the 3-day testing of Rotary kiln is a big leap forward for assembly purposes! Need permit for that too.
https://www.whitehouse.gov/wp-content/uploads/2020/02/budget_fy21.pdf
All Governments-Local,Federal and State are invested in @CCTC right now and will continue-there is no denying this! First time I seen DOE state they are investing in mineral extraction from ( Coal ) "Real news"
Oh, there is always a critic!
Read the fine print.
Nothing else matters! It's the legislation from Wyoming and the money funded to CCTI and the UW . The permits approved that allow them to proceed. This is all that matters! Progress moves forward!
This is the road map and all roads lead to @CCTC.
the 3-day testing of Rotary kiln is a big leap forward for assembly purposes! Need permit for that too.
https://www.whitehouse.gov/wp-content/uploads/2020/02/budget_fy21.pdf
All Governments-Local,Federal and State are invested in @CCTC right now and will continue-there is no denying this! First time I seen DOE state they are investing in mineral extraction from ( Coal ) "Real news"
Oh, there is always a critic!
The Budget also supports extracting critical minerals from coal and coal byproducts as one of many
non-thermal, non-power uses of coal. Research into advanced coal processing, and manufacturing
of coal-based materials and products would help to develop new markets for coal, ensuring that the
world’s largest coal reserves would be put to good use in next-generation coal-based products and
technologies. Meanwhile, robust investments in carbon capture, utilization, storage, and power generation efficiency would ensure that the existing coal power generation fleet is greener and more efficient than ever before, and ready to serve the Nation for decades to come.
Department of Energy
https://www.whitehouse.gov/wp-content/uploads/2020/02/budget_fy21.pdf
The surge in coal development in China happened suddenly since 2015 and there is no stopping them now. In addition to the power it is already generating, China has another 121.3 GW of coal-fired power plants under construction, according to the report. That's nearly enough to power all of France, as Reuters reported.
There are three different powerful trade groups, proposing to increase the coal fleet by 40 percent.
China has drawn criticism from environmental groups since it has used money earmarked for green energy to invest in clean coal. China approved 40 new coal mines in 2019 and it is building 50 percent more coal plants than the rest of the world combined, as the BBC reported. China also funds one quarter of all the coal plants outside its borders in countries like South Africa, Pakistan and Bangladesh.
Clean coal Technologies,Inc is aware of this and has Clean coal technology that can cut global carbon emissions coming from coal fired power plants. Using technology is the solution!
https://trib.com/business/energy/cheney-calls-for-support-for-coal-soda-ash-industries/article_5b51eef2-52ab-5474-b58a-1e86f2520522.html
Wyoming’s economy is in a stronger position to overcome the negative economic impacts of the virus than most other states. In fact, the Cowboy State’s sitting pretty in the 46th seat with one of the least exposed economies to coronavirus. Wyoming gained its low ranking with a total score of 33.73/100 points, including a rank of 28/51 (states) for high-impact industries and work force and a 50/51 rank for resources for businesses to cope.
https://www.gillettenewsrecord.com/news/local/article_88ca080d-7845-5f83-b1aa-48d8f7dfec1f.html
While exciting, Sant also cautions against believing beyond our potential to use and manufacture carbon-based products. That’s because, even with huge production drop-offs nearing 40 percent, nothing compares to the sheer volume of coal mined and burned to produce electricity.
“The scale of the challenge is massive,” he said. “As a state, what does Wyoming try and go after? Do you try and protect an industry that’s based on extraction, or be an incubator of technology? In time, it’s much more valuable to hold technology and offer technology rather than extraction.”
He uses Silicon Valley as an example. It wasn’t the carbon-based computer chips that grew that area into an economic powerhouse, it was the technology developed there.
A new approach
Billions of dollars has been spent on failed carbon and coal technology over the past 15 years, said Robin Eves, president and CEO of Clean Coal Technologies Inc. But after years of failure, he said his company is starting to realize some success.
CASPER — Wyoming’s mineral industries have asked Gov. Mark Gordon to consider mining and drilling operations “essential” activities in anticipation of further potential business restrictions during the coronavirus pandemic. 1-day ago.
https://www.wyomingpublicmedia.org/post/coal-industry-continues-pursuit-state-federal-government-support#stream/0
That would be nice. I could add:
CCTC is past early stage development with Pristine-M technology unlike ITC groups research.
https://sheridanmedia.com/news/15970/montana-deq-authorizes-spring-creek-mine-expansion/
Mine opening up and 440 coal miners going back to work among Corona virus.
https://www.gillettenewsrecord.com/news/wyoming/article_32d7bba5-6090-5907-a78b-1b3c029b2c55.html
Clean Coal technologies Inc. @CCTC to the rescue!
https://www.forbes.com/sites/michaelshellenberger/2019/06/26/why-wind-turbines-threaten-endangered-species-with-extinction/#77fc3c1464b4
Don't care about any virus. I destroy them! Move on!
A total of $823k has now been paid for rotary kiln.
The final installment of $205k is due upon delivery. As of today the current global crisis has not impacted our Q2 reassembly but we are monitoring very closely and will keep the market apprised.
Stay safe all! @CCTCInc 8:50 AM · Mar 19, 2020·Twitter
US coal industry seeks lower taxes, Royalty's!
A total of $823k has now been paid for rotary kiln.
The final installment of $205k is due upon delivery. As of today the current global crisis has not impacted our Q2 reassembly but we are monitoring very closely and will keep the market apprised.
Stay safe all! @CCTCInc 8:50 AM · Mar 19, 2020·Twitter
Don't care about Virus - Irrelevant. Fact is, when cases go up due to more testing, Mortality rate will go down.
A total of $823k has now been paid for rotary kiln.
The final installment of $205k is due upon delivery. As of today the current global crisis has not impacted our Q2 reassembly but we are monitoring very closely and will keep the market apprised.
Stay safe all! @CCTCInc 8:50 AM · Mar 19, 2020·Twitter
https://www.power-technology.com/comment/us-clean-coal-research/
The US Department of Energy (DOE) has committed $64m in federal funding for the cost-shared research and development (R&D) of smaller, more efficient, and cleaner coal-fired power plants, says GlobalData, a leading data and analytics company. The additional funding is part of DOE’s Coal Flexible, Innovative, Resilient, Small, and Transformative (FIRST) initiative kicked off in 2019, which aims to develop coal-fired power plants of the future that will provide secure, stable, reliable power with near-zero emissions. The coal funding is, however, lower than the $125.5m DOE announced for solar research.
Tweet: Challenging times like this unfortunately proves what everyone should know! Reliance on China for everyday items must come to an end. The US has to become REM autarchic. Technologies like @CCTCInc will play an important role!
@EnergyUW
@GOP
@EnergyPress
@fossilenergygov
Frenzy. No, it's more of waiting for funds transfer. Panic-demic does not play much into the program. Their are ways for small construction operators working outdoors to keep working and besides, they are hungry.
Gillette Rep. Scott Clem brought up renewables as well in talks about coal. He pointed to its unfair advantage due to federal subsidies.
"The people in the United States are going to wake up to the fact that we cannot operate our grid with solar and wind power only," said Lyman Rep. Danny Eyre in a conversation about coal.
https://www.wyomingpublicmedia.org/post/leery-lawmakers-grapple-growing-renewables#stream/0 yesterday!
"A lot of the sentiment in the capital seems to be not embracing [renewables] but trying to put up roadblocks."
"It's just not a level playing field when you talk about traditional fossil fuels compared to green energy," he said.
Renewables are part of the conversation because wind and solar have grown significantly in the past few years with all but 13 states committed to consuming additional renewable energy. Wyoming is uniquely situated to produce it, and is known for its high quality wind and solar energy.
While there's already plenty of wind turbines on the ground, developers are on track to triple Wyoming's current win power generation. Rocky Mountain Power's long-term energy plan also looks at major new solar development. Renewable companies including NextEra testified in committee that it was poised to invest a lot of money in solar in the state.
Lawmakers said they need to respond to that growth -- to properly regulate solar, impose new taxes, have a system to dispose of old turbine blades. Lander Sen. Cale Case said the state is starting to figure out these issues.
https://www.eagles.org/take-action/wind-turbine-fatalities/
"These are significant changes to Wyoming's landscape, our economy, we don't get much of taxes out of either one of those kinds of energy production. We've enjoyed a lot of taxes out of the minerals we produce to make electricity previously," he said. "We have to come to grips with all this figured out."
The tenor of the legislation did not seem particularly positive for renewables to Tom Darin, senior director of western state affairs for the American Wind Energy Association.
"A lot of the sentiment in the capital seems to be not embracing that but trying to put up roadblocks," he said.
"It's unfortunate. I think we have a huge opportunity to really help with what Wyoming needs the most right now, in diversifying its economy."
The bills were not about helping the industry get its foot in the door as renewable advocates may have wanted. Instead, they respond to renewables inevitable arrival. There was a bill that sought to ban wind turbine blades from being disposed of in a landfill. There was another to regulate solar through the Industrial Siting Act because it sat on a trona deposit, thereby blocking it; the bill expanded to add regulation on wind. Another sought to place a generation tax on solar, as is already in place for wind.
That last bill was worrisome to George Hruska, business development manager with Oftedal Construction out of Casper, who said solar poses a big job opportunity for construction workers. He said the proposal to create a generation tax leads to uncertainty for companies choosing where to set up shop.
"These large, very large developers that have these billions of dollars to spend - are they gonna want to come here to an uncertainty? Or go to Arizona, New Mexico, Texas, where they're being welcomed with open arms. Wyoming's not doing that," he said.
For a very long time, minerals have provided the majority of Wyoming's revenue with several billion dollars in revenue annually. With the precipitous drop in coal production and volatility in oil and gas, minerals have fallen from once 70 percent of state revenue down to around 50.
Cheyenne Rep. Dan Zwonitzer said renewables could be our energy future and that a solar tax isn't about being anti-renewable. Wyoming just needs money as coal, oil and gas all falter.
"We've got to make up that revenue somewhere. Right now, we're making that up by taking a quarter of a billion dollars out of our rainy day funds. And that's unsustainable long term," he said.
The bill didn't pass.
Another did though, that puts a regulatory structure in place for new solar projects while creating additional regulation for wind. Casper Sen. Charlie Scott said it clarified the negatives of renewables.
"We're developing a major problem, every energy source there is has a downside to it. It's instructive. If you go look at that solar farm that is over northwest of Green River. That precludes all other use of that land and it's big: 700 acres for 80 megawatts. That's a lot of land for not that much power. We need to get control of that."
Sen. Cale Case said all these bills may connect to some animosity towards renewables.
"There is a bit of that. There are members and people in Wyoming that are angry about what's happened to coal and don't believe that it's truly justified," he said.
Other legislators disagreed saying the current legislation is not about animosity.
Two out of the six bills affecting renewables passed through both houses including one that allows decommissioned wind turbine parts to be buried in coal mines.
Meanwhile, the second largest coal-producing state in West Virginia is also struggling to diversify its economy and it passed a pro-solar bill.
"Just the idea two or three years ago that we would pass it tax break for solar, you know, I would have laughed at you," said West Virginia Delegate Evan Hansen, a democrat.
He said businesses have approached the state's Department of Commerce expressing interest in West Virginia, but wanted to ensure access to solar energy. Hansen said maybe that will help fill the gap left by coal.
"I don't see any way that we're going to make that up other than by bringing new jobs, including new non energy jobs into West Virginia. And if making solar available is going to allow us to get those new jobs in West Virginia, then people are finally saying that that's a necessary step," he said.
For 2020, the budget session is wrapped up, but Wyoming lawmakers agree this session just scratched the surface in its response to renewables.
Have a question about this story? Contact the reporter, Cooper McKim, at cmckim5@uwyo.edu. The state has made it very clear what they want !!!
Could be delayed cause of Covid-19 LOL!
Facility to Make Coal Cleaner, More Efficient, Taking Shape in Wyoming
https://www.eagles.org/take-action/wind-turbine-fatalities/
Promote Clean Coal technologies.
I wouldn't assume too much. Many moving parts to this operation And I'm not talking about Mechanical.
Indiana bill going to governors DESK! Keep coal going!!!
https://www.indystar.com/story/news/environment/2020/03/10/indianas-coal-bill-reverts-house-version-its-way-become-law/5013142002/ Real news.
Canada opening up thermal coal mines.
https://thenarwhal.ca/heres-what-you-need-to-know-about-the-vista-mine-albertas-thermal-coal-project-that-sidestepped-a-federal-review/
Technology.
It will only be through technologies like @CCTCInc
that we can provide a more responsible use of coal globally. For every coal facility that shuts in the US, legislation for renewable energy and ridiculous climate laws is pushing energy prices up by spending godly amounts of money on low energy solutions that are just utterly unrealistic. At the same time, dozens of new coal plants open in Asia. Responsible, reliable, affordable and dust free coal needed to run them efficiently.
3-Trillion dollars to turn a once coal plant-Now gas plant into a Battery storage farm that will provide 2500 homes with about 14 hrs of electricity
The cost to maintain and replace all the expensive lithium batteries is enough. Also, building enough to supply the nations cities is just unrealistic and must stop. where does the town or city get the money? LOL!
Clean Coal technologies is all we need to address carbon emissions reduction. Only through affordable technologies and sensible solutions like @CCTC will common sense prevail.
It looks like Gov. Gordons coal marketing bill will pass!
Stuck at a buck! looks good for me!
2015 showed us that stuck at .90 worked well too. Maybe more this time!