CCTC’s pre-combustion technology can reduce some 90% of chemical pollutants from coal including sulphur and mercury.
The company has first mover advantage and a virtually unlimited global market opportunity and is about to complete a pilot plant and test program at Shady Point, Oklahoma in the third quarter of 2014.
It is completing work on the commercial program with Jindal Steel & Power, one of India’s largest producers of steel and electric power with more than a billion tonnes of coal reserves in South Africa.
CCTC will receive a licensing fee on a per tonne basis.
Ongoing discussions are continuing with major corporations and power plants in the US and in regions across five continents including South Korea, Australia, Europe and India.