Clean Coal Technologies Comments on the Environmental Protection Agency's Proposed New Regulations of the Coal Industry
NEW YORK, Oct. 3, 2013 /PRNewswire/ -- Clean Coal Technologies, Inc. (CCTC) ("the Company"), an emerging clean energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, comments on recent Environmental Protection Agency ("EPA") proposals which would impose new regulations on greenhouse gas emissions from newly constructed power plants.
The Administration is considering the imposition of limits on Co2 emissions specifically directed at the power companies that burn coal and also put in place a requirement that new plants be equipped with Carbon Capture and Sequestration (CCS) technology. The Co2 limits being discussed are akin to requiring that automobiles get 75 miles per gallon (mpg), up from the current 29 mpg while the technology to produce engines of such efficiency did not exist. CCS technologies are problematic at present.
First, the economics of sequestering Co2 underground is expensive and could result in substantial increases in the cost of electric power. It is a fact that existing technologies are not being widely adopted. Second, the risk of sequestering, for example, a billion cubic feet of Co2 underground is not yet understood. The Lake Nyos (Cameroon) disaster showed what could happen if Co2 were suddenly released into the air. In August 1986, Lake Nyos under which existed a large amount of trapped Co2 gases, suddenly emitted a large cloud of Co2, suffocating 1,700 people and 3,500 livestock in nearby towns and villages.
The power industry has expressed concern that Co2 limits should be imposed before the affordable technology solutions are available. It is making a case for a policy that mandates "achievable limits." CCTI's Pristine and Pristine-M technologies have a positive impact on Co2 emissions.
Co2 Emissions and the CCTI Technology
CCTI's process contributes to the reduction of Co2 emissions in two ways. While the technology does not target Co2, per se, the Pristine-M dehydration process, by removing moisture in coal that can reach levels of about 50%, produces in an efficient fuel that allows less coal to be burned to generate the same amount of electric power. Less coal means fewer emissions. The Company's Pristine processes, by removing some or substantially all of the volatile matter in coal, eliminates the carbon footprint of each of the compounds removed, thereby lowering Co2 emissions. The economics of the processes are estimated to be quite favorable for their adoption and, at the same time, the risks and expense of CCS are avoided.
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company's trademarked end products, "Pristine(TM)" coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. The principal elements of the Company's pre combustion technology are based on well-proven science and tried-and-tested industrial components. The Company's clean coal technology may reduce some 90% of chemical pollutants from coal, including Sulfur and Mercury, thereby resolving emissions issues affecting coal-fired power plants.
For more information about Clean Coal Technologies please visit: www.cleancoaltechnologiesinc.com
This press release may contain forward-looking statements that reflect the Company's current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to be materially different from those expressed in, or implied by, such forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as required by federal securities law, the Company assumes no obligation to update publicly or to revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available, new events occur or circumstances change in the future.
SOURCE Clean Coal Technologies, Inc.