Clean Coal Technologies Inc., an emerging clean-energy company using patented technology to convert raw coal into a cleaner burning and more efficient fuel, has received a deposit from Wyoming New Energy (WNEC) to build a 2 million short t facility using CCTI's Pristine M process.
The project, announced June 15 at the Wyoming Mining Association annual conference, will be built by Kiewit Construction. Piper Jaffray (PJC) has been engaged by WNEC to arrange financing for the first commercial scale facility.
"This revenue validates our patented Pristine M technology. With the aid of our EPC contractors Kiewit, the final commercial design of the plant is expected later this year and will provide customers worldwide with the blueprint for a cleaner, more efficient and cost effective fuel," stated Robin Eves, CEO and President of CCTI.
"For the past two months, Kiewit's engineers have fine-tuned the test plant near Tulsa, OK, and will commence new hot runs early next week at the request of US government energy agencies and international clients," added CCTI CFO/COO, Aiden Neary. "The testing is expected to last four weeks."
"We are especially pleased to see the first commercial plant will be built in Wyoming, as local elected officials and business leaders have been exceptionally supportive of Wyoming New Energy and Clean Coal Technologies efforts. The backing of Piper Jaffrey, combined with the ongoing support from state and federal officials, will undoubtedly work to rejuvenate the coal industry in Wyoming," said John Kuker, Spokesman for WNEC.
Read the article online at: https://www.worldcoal.com/power/11092017/cct-receives-first-payment-for-wyoming-project/