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Sunday, February 21, 2010 12:41:08 AM
From the China Daily article:
ADB said it is providing additional $1.25 million in technical assistance to pave the way for the second and third phases of the program which will result in a scaled-up IGCC plant fitted with carbon capture and storage technology by 2013.
From CCTC's last PR:
Doug Hague, President and Chief Executive Officer, announced today that Clean Coal Technologies, Inc. (Pink Sheets:CCTC) has signed an MOU with TTCT under which TTCT will purchase a Technology Licensing Agreement for the construction of a clean coal facility in Inner Mongolia with an initial annual production capacity of 1.5 million metric tons.
The formal signing of the CCTI Technology Licensing Agreement is expected to take place in March, 2010, and will provide for CCTI to receive incremental license fees and royalties based on production. TTCT will be responsible for obtaining all necessary licenses, permits, coal reserves, and all construction-related costs.
Mr. Hague stated, In addition to our existing joint venture agreement in Inner Mongolia, we are very pleased to have achieved this important milestone, which represents our first Technology Licensing Agreement in China, and provides the foundation upon which the Company will be well positioned to continue to capitalize on the enormous potential of the Chinese market, while avoiding significant capital commitments."
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Glad to see that there IS something in print over there regarding this, since I recall reading that one or two people were having difficulty finding a company by that name....least, I THINK I remember reading that.
Off to my slumbers.....hope you all have a great rest of the weekend....
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