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Clean Coal Technologies, Inc. Signs Carbon Dioxide (Co2) Technology Option Agreement

Tue. March 03, 2009; Posted: 07:00 AM
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CORAL SPRINGS, Fla., Mar 03, 2009 (BUSINESS WIRE) -- CCTC | Quote | Chart | News | PowerRating -- Doug Hague, President & Chief Operating Officer, today announced today that Clean Coal Technologies, Inc. (Pink Sheets:CCTC) has signed a Technology Option Agreement for a patented carbon dioxide separation technology, which if proven successful, will form the basis of a worldwide license agreement.

The technology promises to provide an alternative to carbon dioxide (CO2) sequestration through the separation of that gas into its constituent components, carbon and oxygen. Pure carbon is a high value chemical, while oxygen can be safely released into the atmosphere, or used to increase power station boiler efficiency and/or contribute to the complete combustion of fossil fuels. Under the terms of the agreement, CCTI in conjunction with its technology partners, will conduct an extensive evaluation as to the technology's commercial viability.

CCTI considers CO2 separation technology to be an important compliment to its proprietary clean coal technology for the removal of harmful pollutants from coal, including mercury, sulfur, coal tars etc. prior to coal combustion. The pursuit of advanced CO2 technologies further demonstrates the company's commitment to the development of a permanent, commercially viable solution to CO2 concerns associated with coal.

Company executives stated: "These initiatives are in concert with those recently announced by the Obama administration, and could provide a compelling solution to CO2 emissions, and assist in repositioning the use of coal as a viable long term source of power generation and liquefaction, while also reducing US dependence on foreign petroleum suppliers. Our signing this global Technology Option Agreement represents a radical alternative to conventional CO2 sequestration concepts, and if proven viable, promises to establish CCTI as a leading provider of environmentally friendly solutions."

Safe Harbor for Forward-Looking Statements: This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments.

SOURCE: Clean Coal Technologies, Inc.

Clean Coal Technologies, Inc., Coral Springs 
Doug Hague, 954-344-2727 
Fax, 954-757-1765 
info@cleancoaltechnologiesinc.com 
www.cleancoaltechnologiesinc.com
For full details for CCTC click here.

    


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