Clean Coal Technologies Inc., an emerging cleaner-energy company using patented and proven technology to convert untreated coal into a cleaner burning and more efficient fuel, has released details of meetings held recently with key state and coal mining and business leaders in and around the Powder River Basin region of Wyoming.
“Our visit to Cheyenne and Gillette, Wyoming last week highlighted the need for a collective administrative and technological effort to help revitalise the region’s coal mining and export businesses,” stated Robin Eves, CEO of CCTI. “We had very productive meetings with both state and local coal representatives that were coordinated by the state business development office. These meetings, in conjunction with the ongoing support of the DOE and Capital Hill have led us to commence the application process for obtaining permits necessary for a commercial plant in Wyoming. While there, we also toured a very promising site with rail access where we may relocate and permanently move our test facility in order to commence testing our Pristine-M process on non-US coal.”
“The landscape has significantly shifted for the US coal industry since the new administration took office and the momentum to reinvigorate the coal export market is exciting”, added Aiden Neary, CCTI CFO/COO. “In order to succeed in this space, we need more than just technology. We also need a coordinated effort that addresses the transportation challenges facing US coal.”
Coal processed using CCTI’s cleansing and enhancement technology produces a higher quality stabilised and dust-free product. It eliminates a variety of concerns currently facing rail transport and the handling of coal and company management has begun discussions concerning these issues with major railways.
Discussions in Wyoming centred on economic modelling of the stabilised product and its competitive advantage on the global stage. “By de-moisturising the low ash and low sulfur content PRB coal and stabilising it, we’re going to be able to increase its marketability and value. Discussions with international customers to purchase the higher efficiency, lower emission coal are well underway,” concluded Neary.
“We will continue to update the market and our shareholders on our journey to commercial deployment”, continued Eves. “The challenges facing the US coal industry are many, but we firmly believe the new Administration will help find solutions like our technology that will help deliver much needed and more efficient energy solutions to so many parts of the developing world.”