New facility is first step toward deployment of the company’s innovative technology and unique clean coal facilities globally. Clean Coal Technologies, an emerging cleaner-energy company using patented technology to convert raw coal into a cleaner burning and more efficient fuel, has announced the execution of an EPC contract with SAIC Constructors. Execution of the EPC , which was made through Clean Coal Technologies’ joint venture entity, Good Coal, is a major threshold event that sets in motion the construction of the 1:10-scale pilot facility that will facilitate the deployment of full-scale commercial facilities, expected to begin in 2013.
“This milestone contract is the first crucial step on the road to large-scale deployment of our unique proprietary technology,” stated Robin Eves, Director, President and CEO of Clean Coal Technologies. “The successful operation of the pilot plant should also address the question of technology risk and confer a greater degree of leverage for us as we move forward in this most dynamic industry.”
Chief Operating Officer Ignacio Ponce de Leon remarked, “Everyone at Clean Coal Technologies is absolutely thrilled to announce this game-changing contract. Not only does this represent the crucial step in getting a pilot facility constructed in the US, it also represents a major validation in our belief that we have a globally leading technology. We look forward to announcing further developments in our progress as we begin to monetize our innovative clean coal technology around the world.”
Through Good Coal, the Archean Group has committed the $2.0 million for the construction of the pilot plant. Work on full-scale commercial plants in Indonesia will follow what the company believes will be a successful commissioning of the pilot plant by year-end 2012, or early 2013.
Good Coal and Clean Coal Technologies are presently in negotiations with a major US power company to locate the pilot plant on the site of its coal-fired power generation facility in Oklahoma.
Clean Coal Technologies holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company’s trademarked end products, PRISTINETM 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 clean coal technology may reduce some 90% of chemical pollutants from coal, including sulphur and mercury, thereby resolving emissions issues affecting coal-fired power plants.
