Headquartered in Coral Springs, Florida, Clean Coal Technologies, Inc. owns a patented technology to transform coal with impurities, contaminants, and other polluting elements into a clean-burning energy resource. The Company developed their technology in conjunction with their scientific technology consultant, SAIC, a Fortune 500 company considered as the one of the world’s leading energy consulting and scientific firms. Trading on the Pink Sheets, Clean Coal Technologies, Inc. began operations on September 1, 2007.
The Company offers their technology to utility plants and manufacturing firms that burn coal and that are subject to environmental regulations in China and other Asian countries. The multiple-stage process of Clean Coal Technologies, Inc.’s technology produces higher-energy coal, minus as much as 90 percent of impurities and contaminants.
In December 2009, Doug Hague, President & Chief Executive Officer of Clean Coal Technologies, Inc. (CCTI), announced that the Company signed a Technology Licensing Agreement with INK Global Consulting. This is to build clean coal plants utilizing CCTI’s patented technology in India.
INK Global represents a group of prestigious India interests who will ultimately be responsible for the construction and operation of the clean coal facilities throughout India. INK Global has their headquarters in both Chicago and India.
On Wednesday of this week, Doug Hague, President and Chief Executive Officer, announced that Clean Coal Technologies, Inc. signed a Memorandum of Understanding with Tianjin Tianning Coal Traders, Co., Ltd. (TTCT). TTCT will purchase a Technology Licensing Agreement for the construction of a clean coal facility in Inner Mongolia with an initial annual production capacity of 1.5 million metric tons.
The expectation is that the formal signing of the CCTI Technology Licensing Agreement will take place in March 2010, and will provide for Clean Coal Technologies, Inc. to receive incremental license fees and royalties based on production. TTCT will be responsible for obtaining all necessary licenses, permits, coal reserves, and all construction-related costs.