NEW YORK, NY / ACCESSWIRE / October 11, 2016 / Clean Coal Technologies, Inc., (OTC: CCTC) ("CCTI" or the "Company"), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, today announced that the YTD increase in coal prices of an average of 30% is creating a refocus on coal production and as a result more focus on their patented technology.
"Increase in global coal prices has refocused attention to this sustainable form of energy and has created increased demand for viable clean coal technologies," said Robin Eves President and CEO. "We at CCTI believe that our proven technology will play a vital part in providing affordable energy globally, while at the same time addressing environmental regulations. The due diligence that is underway with a major US investor continues on track and in conjunction with this we continue to move forward domestically in the US with the state of Wyoming and also the Department Of Energy. Globally we continue to work with key companies in Indonesia, India and China as we await the completion of the due diligence. With the recent shareholder approval of the increase in authorized shares CCTI is adequately capitalized to support this strategic investment," added Mr Eves
"Steps are also being taken to consolidate our convertible debt holdings to reduce the downward pressure it is putting on our share price. We expect to update the market in the coming weeks as we enter the final stage of due diligence," said President and CEO Mr. Robin Eves
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company's trademarked end products, "Pristine(tm)" 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 Company's clean coal technology may reduce some 90% of chemical pollutants from coal, including Sulfur and Mercury, thereby resolving emissions issues affecting coal-fired power plants. For more information about Clean Coal Technologies please visit: www.cleancoaltechnologiesinc.com
Forward Looking Statements
This release may include forward-looking statements related to CCTI's plans, beliefs and goals, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include, but are not limited to, statements about CCTI's plans, objectives, expectations and intentions with respect to future operations, its products, its ability to secure financing for its operations, the impact on the industry and other statements identified by words such as "will," "potential," "could," "can," "believe," "intends," "continue," "plans," "expects," "anticipates," "estimates," "may," and other words of similar meaning or the use of future dates. Additional details about CCTI's business and its operations that could affect CCTI's actual results are described in CCTI's filings with the Securities and Exchange Commission, including the "Risk Factors" that are part of its most recent annual report on Form 10-K for the year ended December 31, 2015 and in each of its subsequently filed periodic reports. All forward-looking statements in this release speak only as of the date of this news release. CCTI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE: Clean Coal Technologies, Inc.
ReleaseID: 446861
