Posted by johnio78 on August 20, 2008
By Joseph Kahn & Jim Yardley (The New York Times – Austus 26, 2007 )
No country in history has emerged as a major industrial power without creating a legacy of environmental damage that can take decades and big dollops of public wealth to undo.
But just as the speed and scale of China’s rise as an economic power have no clear parallel in history, so its pollution problem has shattered all precedents. Environmental degradation is now so severe, with such stark domestic and international repercussions, that pollution poses not only a major long-term burden on the Chinese public but also an acute political challenge to the ruling Communist Party. And it is not clear that China can rein in its own economic juggernaut.
The rest of the article can be read at www.cleancoaltechnologiesinc.com
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=7
Posted in Coal to Liquids | Tagged: Clean coal, Coal-to-Liquids (CTL) | Leave a Comment »
Posted by johnio78 on August 20, 2008
Clean Coal Technologies Inc
Doug Hague, President & Chief Operating Officer, today announced today that Clean Coal Technologies, Inc. (NASDAQ Pink Sheets CCTC) has signed a Memorandum of Understanding with Sino-Mongolia International Railroad Systems, Co. Limited. of Inner Mongolia Autonomous Region, PRC (SMIRSC).
The MOU amends a previous agreement, and provides for specific milestones to determine the suitability of CCTI’s technology to enhance some 2.0 billion metric tons of lignite coal deposits as a high grade fuel source for a new power station and gasification plant scheduled for construction at a new industrial park, scheduled for commencement 4Q2008.
Per the MOU, CCTI will immediately conduct coal sample testing to confirm the suitability of the lignite for the CCTI process. If this testing is successful and a subsequent land feasibility study is positive, the two parties plan to sign a Joint Venture agreement in October, 2008. Under the terms of the proposed JV agreement, CCTI would construct an initial plant to process the 1.5 million metric tons per year required by the new power plant. Thereafter, subject to its successful outcome, the CCTI project would be expanded to an output capacity of some 15 million metric tons over a 5 year period. The majority of the coal enrichment project would be focused on coal gasification and the production of chemical by-products.
SMIRSC will be responsible for providing the raw coal, and for purchasing the upgraded product, plus the establishment of marketing and distribution for all chemical and coal products produced by the JV. SMIRSC will also be responsible for the provision of the sites, utilities, services and transportation infrastructure required by the project. Details of the capital structure, scale of capital investment and other cooperative conditions for the JV are subject to further discussion between the parties.
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