The Memorandum of Understanding signed by Clean Coal Technologies states that Tianjin Tianning Coal Traders, Co., Ltd. (TTCT) will purchase a Technology Licensing Agreement for the construction of a clean coal facility in Inner Mongolia with an initial annual production capacity of 1.5 million metric tons.
Mr. Hague stated, “In addition to our existing joint venture agreement in Inner Mongolia, we are very pleased to have achieved this important milestone, which represents our first Technology Licensing Agreement in China, and provides the foundation upon which the Company will be well positioned to continue to capitalize on the enormous potential of the Chinese market, while avoiding significant capital commitments.”
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Clean Coal Technologies, Inc. owns a patented technology to transform coal with impurities, contaminants, and other polluting elements into a clean-burning energy resource.
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