Clean Coal Technologies, Inc. (OTC Pink: CCTC) is engaged as a cleaner-energy company, which utilizes its patented clean coal extraction process. The technology is able to reduce up to 90% of coal chemical pollutants, such as sulfur and mercury. Shares of the clean coal company are gaining 5.26%, through early trading on Friday, May 12, 2017. Over the past month, Clean Coal Technologies, Inc. has seen average daily volume of 370,687 shares. However, volume of 298,112 shares or dollar volume of $29,811, has already exchanged hands on Friday.
Shares of Clean Coal Technologies, Inc. are rallying today, after the company recently announced that it has obtained secured funding from a New York-based asset management firm, in order to build out their Pristine coal extraction technology. Here is the full press release detailing of the funding deal:
Clean Coal Technologies, Inc. Press Release:
NEW YORK, NY / ACCESSWIRE / May 11, 2017 / Clean Coal Technologies, Inc., (OTC PINK: CCTC) (“CCTI” or the “Company”), an emerging cleaner-energy company utilizing patented and proven technology to convert untreated coal into a cleaner burning and more efficient fuel, announced today that the company has secured funding for their Pristine technology through commercialization from a major New York-based Asset Management company. This investment will be made through Black Diamond with all funds earmarked for test procedures at the plant near Tulsa, OK, and the plant’s move to a permanent location in Wyoming. The first tranche is being paid immediately.
“Securing this investment will confidently carry us through to the construction of our first commercial module enabling management to focus on the additional tests that have been requested from multiple parties,” stated CEO of Clean Coal Technologies, Inc., Robin Eves. “At this time we have begun scheduling plant visits with both US government agency and coal industry officials along with key international energy consortiums.”
“We’re now able to finalize our negotiations in Wyoming where the permitting process has begun and where we will permanently relocate the test facility later this year following completion of the aforementioned tests,” added CCTI COO/CFO, Aiden Neary. “This event also paves the way forward to commence the process of constructing the first commercial Pristine M facility. That plant is planned to be in Wyoming near an operating mine where our process can be used to enhance the quality of PRB coal to make it more competitive globally and help restore the US coal export market.”
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company’s trademarked end products, “Pristine(tm)” coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. The principal elements of the Company’s pre-combustion technology are based on well-proven science and tried-and-tested industrial components. The Company’s clean coal technology may reduce some 90% of chemical pollutants from coal, including Sulfur and Mercury, thereby resolving emissions issues affecting coal-fired power plants. For more information about Clean Coal Technologies please visit: www.cleancoaltechnologiesinc.com
Forward Looking Statements
This release may include forward-looking statements related to CCTI’s plans, beliefs and goals, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include, but are not limited to, statements about CCTI’s plans, objectives, expectations and intentions with respect to future operations, its products, its ability to secure financing for its operations, the impact on the industry and other statements identified by words such as “will,” “potential,” “could,” “can,” “believe,” “intends,” “continue,” “plans,” “expects,” “anticipates,” “estimates,” “may,” and other words of similar meaning or the use of future dates. Additional details about CCTI’s business and its operations that could affect CCTI’s actual results are described in CCTI’s filings with the Securities and Exchange Commission, including the “Risk Factors” that are part of its most recent annual report on Form 10-K for the year ended December 31, 2016 and in each of its subsequently filed periodic reports. All forward-looking statements in this release speak only as of the date of this news release. CCTI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.