Clean Coal Technologies Inc has announced the execution of a JV agreement with Archean Group, as well as an exclusive Technology Licensing Agreement for the ASEAN region with Good Coal PTE Ltd.

This follows the company’s recent announcement on May 31st, of the formation of Good Coal, a Singapore based Joint Venture entity with Archean.

The joint venture will allow Archean Group, in partnership with Clean Coal Technologies Inc, to develop, deploy and market Clean Coal Technologies' Pristine-M™ technology throughout the ASEAN region.

The JV is owned 55% by Archean Group and 45% by Clean Coal Technologies.

Through the JV partnership, a 1:10 scale commercial unit of the patented process is to be constructed in Oklahoma. Archean Group has committed to contribute USD 2.0 million towards the construction of the pilot plant through the JV. Full-scale commercial plants are to be constructed in Indonesia once the pilot plant has been successfully commissioned by year-end 2012, or early 2013.

Mr Robin Eves director, president & CEO of Clean Coal Technologies said “This event should serve as both a validation of our proprietary technology and demonstration of the coal mining and electric power communities’ receptiveness to produce premium coal using it. We applaud Archean for leading the charge toward higher-efficiency energy in this region.”

Currently, with combined estimated reserves in excess of 800 million tons and a successful track record of production, Archean is on the path of expansion. Being one of the very few Indian companies to be able to operate in Indonesia at a large scale, Archean is looking to take advantage of the enormous potential from the low rank coal deposits in Indonesia.

Source - Clean Coal Technologies

(www.coalguru.com)