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Monday, February 08, 2010 11:14:11 PM
On December 2, 2008 the company signed a 30-year joint venture agreement with the Sino-Mongolia International Railroad Systems, Co. Ltd. of the Inner Mongolia Autonomous Region, PRC. The Railroad company contributes all the capital for the joint venture and the company contributes its technology. The railroad has a 75% ownership stake, and the company a 25% ownership in the joint venture. The joint venture partner has a $6,000,000,000 line-of-credit for the project, and since the project has began, has spent $200,000,000. The joint venture is building an initial plant with an annual capacity of 1.5 million tons to supply clean coal for a newly constructed power station. Thereafter, production is estimated to be increased, over a 10 year period, to a total capacity of 80 million tons annually, the majority of which will be used as feed stock for coal-to-liquid production. Production is projected to commence by the summer of 2011.
Overall, the Projected Net Income for this project, before any distributions to any partners is as follows: 2012- $5,100,000; 2013- $34,613,000; 2014- $166,321,000; 2015- $251,461,000; 2016- $339,928,000; 2017- $426,375,000; 2018- $443,709,000; and 2019- $452,239,000. Clean Coal Technologies, Inc. would generate cash flow equal to 25% of these figures plus 2 ½% of the gross revenue from the liquids part of the business.
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