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Friday, 01/12/2018 8:27:46 PM

Friday, January 12, 2018 8:27:46 PM

Post# of 64317
Transcript of CCTI Webcast from 12/14/17.
Before it's gone, I decided to transcribe the webcast. Please ignore any spelling errors or run-on sentences.

Good morning and welcome to the Clean Coal Technologies webcast. I'll first read the forward looking statements.
{ standard disclaimer }

@1:28, Eves said,
Good morning again and thank you for joining the webcast. Significant progress has been achieved over the last few months as we have continued to prepare the technology for commercialization. The plant was restarted at AES coal-fired utility in order to complete specific tests that were required by the DOE and some potential overseas clients. That testing is now complete and the plant is being readied for the move to Wyoming. Our EPC contractors with their expertise in material handling of coal and experience in constructing coal plants around the world have been able to suggest and make very strong upgrades to the existing structure which enables the plant to operate at a much higher level than before. We have rerun a lot of tests including the mass and energy balances with excellent results. Aiden will go into more detail later on including the pending move to Wyoming.

Early in the summer we were approached by the research department of the University of Wyoming, one of the leading energy research institutions in the country. We have formed a formal relationship, partnership with them to help perfect the design and engineering of the first commercial module, but more importantly to start developing the second and third generations of the technology primarily in the production of coal to chemicals, coal to gas, coal to liquids, etc. The byproducts of coal, like all, have huge value and our technology is capable of acting as a coal refinery which has significant commercial value around the world. The relationship with the University of Wyoming gave huge credibility to our technology; was followed by a lot of very positive press both in the USA and overseas which resulted in us being approached by Austrade, the overseas trade division in Australia embassies, the key to understand the potential of our technology in Australia. We've since visited the consulate in New York three times, video conferences, which resulted in formal relationships with the University of Queensland and Newcastle both heavily focused on developing coal technology especially for the advancement of producing all of the byproducts from coal. We've been invited to visit Australia in the New Year and the government is setting up strategic meetings for us with the largest coal companies and mines. The potential for our technology in Australia is far reaching. Now the testing phase is over we can focus on the commercial deployment.

We've just returned from a very successful visit to India. Consider that India is projected to eventually reach 1 billion tons of coal consumption per year, and that domestically they'll cap out at around 600 million. So imports will eventually reach about 400 million per annum. Those imports to a large extent will rely on the technology to upgrade the lesser quality coals around the world creating a massive opportunity for our technology. The testing having been completed and the validation of the University of Wyoming meant that our talks were far more focused on the commercial and economic viability resulting in meeting at very senior decision making levels. We met with the Secretary of Coal, Mr. Kumar, the CEO of Tata Power, the CEO of Adani, and Naveen Jindal, the CEO and owner of Jindal. The interest and dedication to have our technology operating at a commercial level is very serious, had made very clear that the commercial companies and the government will do whatever is needed to support our commercial rollout. We left with THREE commercial proposals that we are discussing with our investors, EPC contractors, and lawyers. As things stand at the moment, we intend to return with our full team which include our EPC contractors, bankers and main investors to India to structure and sign contracts in January, which will enable us to move forward with commercial projects in India, Indonesia and the USA. This trip will be followed by the aforementioned government backed visit to Australia.

Domestically we are very focused on Powder River Basin and working closely with Wyoming New Power and Piper Jaffrey, whom we met yesterday in New York, to build the first commercial module, approximately 30 tons per hour, at the industrial park in Gillette which will also house our test plant. We are discussing the possibility of Piper and Wyoming New Power forming some joint venture with one or two of these Indian companies to enhance the rollout and getting the first or second commercial modules in place as soon as possible, and those to be discussions on the table when we go to India in January.

We're in the process of filing our applications for the operating permits with the Wyoming DEQ. We expect to have the permits for the test plant within 60 days which will enable us to start testing coal for our India clients at the end of the first quarter. The permit for the commercial plant we are expecting within 6 months, well within the time frame for the commencement of the first commercial operations which we are currently scheduling for later on in 2019 (2018?). When I say that, that is to have a commercial plant operating here and very possibly overseas.

We'll continue to work very closely with the University of Wyoming as they progress with the research and development of our technology to produce all of the valuable byproducts from coal, which they and most of the global coal world feel is critical to sustain and develop coal reserves around the world. As we get nearer commercialization it's extremely important for us to focus. Now that the coal industry has accepted that there is a technology that can economically upgrade and stabilize coal, plus refine coal to access all of the valuable byproducts, we're getting inquiries from all over the world. However, our immediate focus will be and must be the PRB, India, and Indonesia with a complete assessment of the Australian opportunities upon our return from there in February. At this point, I'll pass you on to Aiden.

@7:20 Aiden Neary said,
Thank you Robin and thank you all for joining this morning’s webcast. Firstly, from a housekeeping perspective, I'd like to just note our shareholder meeting will occur in March next year, in 2018, three months from now. The exact date is to be determined but it will be at the same venue as last year in Stanford Connecticut. I'm going to move on to a couple of topics right now. First of all I'd like to talk about the test results. I know this is key to a lot of what your interest is. Our focus on the testing when we restarted the testing this year with Kiewit was to focus on not on how much we maximize the BTU, but how we maximize the delta between moisture reduction and BTU increase. This was a very important differentiation from the last set of testing we did. As you may or may not know, on a commercial basis, clients look at and need a certain percentage of moisture in their coal for it to work in their boilers. So what we had to do is instead of trying to maximize our BTU, we had to maximize the delta between moisture reduction and BTU increase.
I can say that testing was very successful, and we achieved a delta of over 1.5 times. So what that means is for every 10% reduction in moisture, we increase the BTU by 1.5 times. This was a very focal point of this testing. It was very important the we manage to achieve that and both Robin and I are very happy with the end results. We will go into more details with these test results as of when the completion of the mass and energy balance analysis have been reviewed by the specific clients that have asked for them, but as it stands right now, we can tell you that the testing has been successful and for the very purpose for what we needed it for. Robin mentioned a number of things regarding the partnerships and relationships we have with Australia; I won't repeat those, but it's very important to know that this technology right now is actually on the forefront of a lot of peoples' radar both domestically in the US and also abroad. We're trying to push this in the most efficient manner we can and we will succeed in this. With that I hand you back to Robin.

@10:03 Robin Eves said,
Thank you Aiden very much. Thank you all for attending the call. As Aiden said the testing in now complete. The plant actually is being, I guess, mothballed and ready for the move to Wyoming which will take place probably end of January. It takes about 4 weeks in January after the holiday period to get all the skids mounted on trucks.
So, we expect to be in Wyoming maybe the first week, second week of February and then probably about four, five, maybe six weeks to set it up and put all of the Kiewit additions on it and then we'll be, as Aiden said, able to start testing Indian coal ready to move forward with commercial plants there. The first quarter of 2018 should be definitive time in the history of the company and we look forward to updating you all at the shareholders meeting in March. I wish you all a very Happy Holidays and a healthy and prosperous New Year. Thank you.

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