Clean Coal Technologies provides update on Inner Mongolia project

Source: Clean Coal Technologies, Inc. 

Clean Coal Technologies, Inc., (CCTI) (Pinksheets:CCTC), a clean energy technology company, provided an update on the progress of their Inner Mongolia joint venture.

Under the terms of the cooperative joint venture, CCTI will build an initial plant with an annual capacity of 1.5 million metric tons to supply clean coal for a newly constructed power station in the same industrial park. Thereafter production will be increased to a capacity of 80 MM tons annually, the majority of which will be used as feed stock for coal-to-liquid (CTL) production. 

Upon completion, this undertaking will represent one of the world's largest clean coal and liquefaction projects, and provide the foundation for the development of a 1.0 billion metric ton facility. Total capital investment for the clean coal and liquefaction plants is expected to reach $8 billion over a 10-year period - much of the technology and services being sourced from the U.S. The agreement, which provides for the first CCTI coal plant in the Inner Mongolia Province of China, is expected to lead to additional sales of this clean coal technology as China strives to meet its energy needs, and improve environmental conditions. 

Doug Hague, Chief Operations Officer, has recently returned from China where he met with various potential clients, in addition to Inner Mongolia government officials and the Company's joint venture partner. 

• The Company has received confirmation that all the necessary permits have been approved, and have been submitted to the Inner Mongolia Provincial government for final validation. This should follow the Chinese National holiday which ends on October 7, 2010. Regional Vice Governor Bu has provided the Company with a letter attesting to the Provincial government's approval schedule. 

• The Company has elected to await the final approval prior to proceeding to the next phase. 

• Upon official validation, Vice Governor Bu will schedule a ground breaking ceremony on behalf of the local Regional government. 

• CCTI will schedule a formal international acceptance event once the first CCTI module has been commissioned and accepted. 

• With Inner Mongolia winter ahead, commencement of construction activities would not be scheduled prior to Spring 2011. 

• The joint venture has completed the initial excavations for the coal storage areas, plus the barracks to accommodate up to 1,000 workers, and the construction of the first of three concrete manufacturing plants. All primary access roads are now completed, and the internal roads within the industrial park are under construction. Additionally, the Joint Venture has received the permit to commence construction on the rail spur into our location, which is scheduled to commence in early Spring, 2011. 

Additional updates in the form of news releases will follow, as appropriate.

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