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.


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs