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Clean Coal Technologies, Inc. Acquires Powerful Technology for Transforming Coal into Nonpolluting Energy
CCTI's Clean Coal Technologies Advances as "China's Pollution Solution"
CORAL SPRINGS, Fla. — Doug Hague, Vice President & Chief Operating Officer, announced today that Clean Coal Technologies, Inc. (Pink Sheets:CCTC) has completed the transaction that gives it 100% ownership of the proprietary new technology that transforms dirty coal into a clean-burning energy source.
This suite of intellectual property includes the patent for the revolutionary technology that reduces the harmful airborne pollutants associated with coal-fired utilities, industrial applications, and domestic consumers of coal. Through its acquisition of Clean Coal Systems, Inc., which previously held the patent, CCTI is positioned to enter the rapidly evolving clean coal market as a global provider of clean coal technologies that will address many of the pollution concerns associated with the burning of coal.
Company executives stated, "This acquisition, combined with our $100 million joint venture in China, establishes our company as 'China's Pollution Solution'. We are committed 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 protecting the health and well being of people in China, India, and the rest of the world. In China alone, two billion tons of coal could be transformed into pure, nonpolluting power."
With the support of 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 an 80-acre parcel of land for the construction and operation of the first of what could potentially be hundreds of 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."
Clean Coal Technologies, Inc., Coral Springs Doug Hague,
AI
