Clean Coal Technologies announces third EPC contract payment

Source: Clean Coal Technologies, Inc.

Clean Coal Technologies, Inc. (CCTC), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, has confirmed the receipt of the third $200,000 payment from Good Coal PTE., Ltd., Clean Coal’s joint venture with the Archean Group. This payment is due as part of the previously announced Engineering, Procurement and Construction (“EPC”) contract.

“Clean Coal is pleased to announce the receipt of the third payment for the construction of our pilot plant,” stated Robin Eves, Director, President and CEO of Clean Coal Technologies. “As we continue to take the necessary steps toward successful commercialization of our unique clean coal process, we look forward to keeping our investors and followers abreast of our developments. As such, we will be making future announcements when the funding level for the pilot pant reaches the $1.4 million and $2.4 million thresholds.” 

The third $200,000 payment by Archean Group to commence construction of the pilot plant is part of the full-value of the $2.4 million assured under the EPC contract. The 1:10 scale pilot plant in Oklahoma will help validate Clean Coal Technologies’ patented process to create a cleaner burning fuel.

For more information on Clean Coal Technologies’ unique cleaner-burning process and its applications in coal-fired plants, please visit: www.cleancoaltechnologiesinc.com/design.html.


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