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Clean Coal Technologies inks memorandum with economic development organization in Wyoming

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Clean Coal Technologies Inc (OTCQB:CCTC) signed a memorandum of understanding (MOU) formalizing its partnership with Energy Capital Economic Development in Gillette, Wyoming. 

The ECED enables legislative, local and state economic development in order to encourage private sector growth of companies to therefore stimulate economic benefit, the company said.

“We are very proud to announce that CCTI has formally signed an MOU with ECED who are the owner and operator of the Wyoming Innovation Center based at the Fort Union location in Gillette, Wyoming” Clean Coal COO Aiden Neary said in a statement. 

READ: Clean Coal Technologies touts the delivery of its $1.4M key rotary kiln at its Fort Union test facility near Gillette, Wyoming

“This partnership will provide us with infrastructural support when necessary as we advance our first-of-a-kind technology at our Fort Union location,” Neary said. “The Innovation Center is a very unique initiative and reflects the continued support by Wyoming in advancing the use of Wyoming PRB coal through technology.”

Last month, Clean Coal announced the delivery of a rotary kiln at its Fort Union facility. The kiln will be used with the company’s patented coal dehydration technology to create stable, dust-free coal.

“With the arrival of our $1.3 million Rotary Kiln at our site last month this partnership will provide our ability to supply processed coal feedstock to other businesses in the Industrial park and enable us to share infrastructure as we move towards being fully operational at our new facility,” Neary said.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Story by ProactiveInvestors


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