SAIC and Clean Coal Technologies Team-up to Build Pilot Plant; Robin Eves Comments

SAIC-logo-150x150Clean Coal Technologies Inc. and SAIC have signed a new EPC agreement for the construction of the 2-ton/hour pilot plant in Oklahoma, according to a CCT statement.

“We look forward to keeping our shareholders and loyal followers abreast of our developments as we continue to reach new milestones in the construction of our pilot plant, which is a crucial step on the road to deployment and monetization of our technology,” said Robin Eves, director, president and CEO of Clean Coal Technologies.

Clean Coal has remitted the first payment of $2 million to SAIC for construction of the plant, which is set to be commissioned during the second quarter of 2013.

As sole counterparty to this contract, Clean Coal has assumed the obligations for the project and will own the completed pilot plant outright.

The EPC agreement follows the termination of the Good Coal Pte joint venture.

According to the company release, Clean Coal Technologies is a cleaner-energy firm utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel.

Share this story...Tweet about this on Twitter1Share on LinkedIn0Share on Facebook0Share on Google+0Email this to someone
Filed in: News Tags: , , , , ,

You might like:

SAIC to Support Toyota Information Systems End Users in North America SAIC to Support Toyota Information Systems End Users in North America
Bluestone Capital Partners: Defense Sector to Start Recovery in 2015 Bluestone Capital Partners: Defense Sector to Start Recovery in 2015
Tony Moraco Describes ‘Selective’ Business Approach in SAIC’s 1st Year Tony Moraco Describes ‘Selective’ Business Approach in SAIC’s 1st Year
Tony Moraco: SAIC Eyes Long-Term Growth Plan at 3-D Printing Site Tony Moraco: SAIC Eyes Long-Term Growth Plan at 3-D Printing Site
© 2015 ExecutiveBiz. All rights reserved.