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Clean Coal Technologies, Inc. Announces an Agreement for a Two Million Ton Pristine M Facility in Wyoming
ACCESSWIRE Jun. 15, 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 they have signed a binding agreement with Wyoming New Energy Corp. (WNEC) for the build-out of its first commercial facility in Wyoming. Wyoming New Energy Corp. has recently entered into an Engagement Agreement with Piper Jaffray to raise up to $80,000,000 (eighty million US Dollars) in debt financing to build a two million ton CCTI Pristine M Plant in the Powder River Basin. George Longo, Managing Director and lead project finance banker at Piper, said, “We are excited about the opportunity to support WNEC and pursue funding for the use of CCTC’s advanced technology for processing coal and waste coal in what we hope is this first of many such projects. We appreciate being a supporter of our client’s monetization of an abundant U.S. energy resource.” The timing of this engagement could not be better for CCTI said CEO, Robin Eves, as it coincides with our presentation today to the Wyoming Miner’s Association in Sheridan. “This is a US-designed, engineered and tested technology and we are very pleased to see it deployed here in the US, where we will continue to work with Wyoming on additional agreements and locations. We are working with Kiewit in completing some additional client requested tests at our Test facility in Oklahoma. This will also enable Kiewit to design the first commercial module,” said COO, Aiden Neary. “The financial support from Piper Jaffray echoes not...US Energy Secretary Enest Moniz: Fossil Fuels Will Remain Important to America
June 13, 2016
Source: Casper Star-Tribune
Energy Secretary Ernest Moniz pledged support Monday for clean coal research, saying fossil fuels would continue to play a role in the country’s energy mix.
Those comments, delivered at the annual gathering of the Western Governors’ Association at Snow King Resort Hotel, comes against the backdrop of declining U.S. coal production. American coal output hit its lowest quarterly total since 1981 in the first quarter of this year, according to a government report released last week.
Few predicted the pace of coal’s decline, Moniz said, noting the role low natural gas prices have played in the transformation of the country’s energy sector. The Energy Secretary said the recently signed Paris climate agreement, which seeks to reverse a rise in global temperatures, illustrates the administration’s attempts to curb carbon dioxide emissions.
Those efforts present the U.S. with a series of challenges and opportunities, Moniz said. The administration nevertheless remains committed to carbon capture and sequestration, he said.
“Fossil fuel use, nuclear, along with renewables and efficiency, will all remain prominent in our portfolio,” Moniz told the 10 assembled governors.