Clean Coal Technologies signs deal for Oklahoma pilot project

Clean Coal Technologies Inc. (OTCQB: CCTC) (PINK: CCTC), announced Feb. 5 that it has signed a new engineering, procurement and construction (EPC) agreement with Science Applications International Corp. (SAIC) following the termination of the Good Coal Pte joint venture.

Clean Coal Technologies has also remitted the first payment of $2m to SAIC for the construction of a 2-ton/hour pilot plant in Oklahoma, as per the terms of the new contract. Commissioning of the pilot plant is expected during the second quarter of 2013. As sole counterparty to the new EPC contract, Clean Coal Technologies said it has assumed the obligations for the project under the contract and will own the completed pilot plant outright.

“We are pleased to have a new EPC Agreement signed and in place,” said Robin Eves, Director, President and CEO of Clean Coal Technologies. “We look forward to keeping our shareholders and loyal followers abreast of our developments as we continue to reach new milestones in the construction of our pilot plant, which is a crucial step on the road to deployment and monetization of our technology.”

Clean Coal Technologies, with headquarters in New York City, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The company’s trademarked end products, “Pristine” coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal, the company said. The company’s clean coal technology may reduce 90% of chemical pollutants from coal, including sulfur and mercury, thereby resolving emissions issues affecting coal-fired power plants.

A copy of the EPC contract was filed Feb. 6 by Clean Coal Technologies at the SEC.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.