Clean Coal Technologies, Inc. (CCTC)
Clean Coal Technologies, Inc. (OTCQB: CCTC) is an emerging growth coal technology company developing what could be the world’s first commercially viable and scalable coal dehydration technology. In 2017, approximately 37% of the world’s energy came from coal. 65% of global coal reserves are sub-bituminous, or low-ranking, and therefore should be upgraded prior to combustion.
Description
Clean Coal Technologies, Inc. (OTCQB: CCTC) is an emerging growth coal technology company developing what could be the world’s first commercially viable and scalable coal dehydration technology. In 2017, approximately 37% of the world’s energy came from coal. 65% of global coal reserves are sub-bituminous, or low-ranking, and therefore should be upgraded prior to combustion.
CCTI’s proven technology can eliminate moisture, reduce transportation costs, and minimize carbon footprint. CCTC’s Pristine M technology, which is expected to be commercial in Q4 2018, has the potential to revolutionize the coal industry and allow for the upgrading of billions of tons of coal around the world.
While there are many recognized benefits to removing moisture from coal, the historical problems with coal de-hydration are that when the moisture is removed from coal, coal becomes very friable, leading to re-absorption and spontaneous combustion. In addition, other dehydration technologies, such as briquetting and pelleting, have been very expensive with less than positive results. To date, CCTI’s technology is the only proven viable economic process for the
removal of moisture from coal while producing a stable and dust free end-product.
CCTC’s technology also deals with extraction of the volatiles in liquid form from lower ranking coals. Once the moisture is removed from the targeted coal, the liquid volatiles are used through an “absorption” process to fill the pores of the coal that has been dehydrated. Additional liquid volatiles are used through an adsorption process to coat the coal. The result is a dramatic improvement in the coal ranking through increased caloric value (BTU’s), and a stable low
moisture dust free feedstock for power generation. Removing moisture reduces shipping costs by weight and the delivery of less volume of higher ranking coals to meet the requirements of the end user. Increasing the coal ranking improves the market price and salability of coal. Using relatively inexpensive coal and upgrading its BTU ranking often creates an arbitrage between the disproportionate market prices of lower ranking coals versus their higher-ranking counterparts. The applications on most coals are very compelling, even bringing much higher value to stranded reserves, low ranking coals, lignite, and high moisture coals that might not be saleable in current world coal market conditions.
Contact Information
295 Madison Avenue
(12th Floor)
New York, NY 10017
Website: http://www.cleancoaltechnologiesinc.com
Phone: 646-727-4847
Email: info@cleancoaltechnologiesinc.com
Financial Reporting/Disclosure
Reporting Status : U.S. Reporting: SEC Reporting
Audited Financials : Audited
Latest Report : June 2018 10-Q
CIK : 0001445109
Fiscal Year End : 12/31
OTC Marketplace : Pink Current
Profile Data
SIC – Industry Classification : 1311 – Crude petroleum and natural gas
Incorporated In : NV, USA
Year of Inc. : Not Available
Employees : Not Available
Company Officers/Contacts
Robin T. Eves ┃ CEO, President
Aiden Neary ┃ CFO
Company Directors
Robin T. Eves
Thomas sS Shreve
Robert Licouski
Scott Younger
Aiden Neary
Service Providers
Accounting/Auditing Firm
MaloneBailey, LLP
9801 Westheimer Road
Suite 1100
Houston,TX,77042
United States
Securities Counsel
Thompson Hine LLP
3900 Key Center
127 Public Square
Cleveland, OH 44114
T: 216-566-5500
M: 216-566-5800
www.thompsonhine.com
Investor Relations Firm
Sean Mahoney
T: 310.867.0670
smahoney@cleancoaltechnologiesinc.com
Company History
- Formerly=Riverside Information Technologies, Inc. until 10-07
- Formerly=HealthSpan, Inc. until 10-06
- Formerly=Environmental Alternatives Corp. until 3-97