Clean Coal Technologies (CCT) had formed Good Coal, a Singapore-based joint venture with Indian conglomerate Archean Group, to develop CCT’s patented technology to convert raw coal into a cleaner-burning fuel.

CCT has sent a notice of termination to Archean regarding the Good Coal joint venture and the technology licence agreement between the two.

The note is based, CCT has told the Securities and Exchange Commission, among other things, on Archean’s continuing monetary defaults.

The joint venture and technology licence agreement had been designed to develop, deploy and market CCT’s Pristine M technology through the ASEAN region under the Good Coal banner.

Under the default terms of the agreements, CCT is seeking the dissolution of Good Coal.

CCT says it is working to ensure there is no disruption to the Oklahoma pilot plant construction schedule.

It intends to assume the obligations for the project under a construction contract and expects to own the completed pilot plant outright.

Archean owns 5% of CCT.