NEW YORK CITY, June 5, 2014 /PRNewswire/ -- Clean Coal Technologies, Inc. (CCTC) responds to Monday's announcement by the U.S. Environmental Protection Agency (EPA) of its newly proposed guidelines for the regulation of greenhouse gas emissions from existing power plants under section 111(d) of the Clean Air Act.
Robin Eves, President and CEO of CCTI, stated: "As a U.S.- based company focused on providing clean energy solutions both in the domestic and global markets, we welcome all initiatives to improve the environmental impact and footprint of any and all energy producers. We collectively share the obligation to provide affordable energy while meeting regulatory emission standards."
Mr. Eves, continued, "Broadly speaking, the EPA's proposed guidelines require state governments to implement plans to reduce carbon dioxide emissions (CO2) from existing power plants by 30 percent by 2030 using a 2005 emission level as a baseline. According to the EPA, the proposal would cost between $7.3 billion and $8.8 billion to implement, but lead to an estimated $55 billion to $93 billion in public health and social benefits. While it is expected that there will be comments, debate and analysis over the veracity of those EPA estimates, the proposed guidelines, if implemented, will represent one of the most significant changes in U.S. environmental policy since Congress enacted the Clean Air Act amendments in 1990.
The implementation of these proposed guidelines from the EPA will have a significant impact on U.S. coal-fire power plants and the coal industry generally. What's unique about the EPA's proposed guidelines is that it provides state governments with a great deal of flexibility on meeting the EPA's proposed reduction targets and provides incentives for technology companies like CCTI to address coal's continued use in a more environmental benign manner."
Mr. Eves concluded: "Through our patented technologies, we believe that CCTI is well positioned to be an integral part of the environmental solution towards meeting greenhouse gas emission standards. We are committed to the sustainability of coal as a base -load fuel from one of the world's most abundant natural resources and we believe our clean coal technology will enable coal to continue to be an option in the future for the U.S. and other nations."
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc., is a cleaner-energy technology company headquartered in New York City, NY, that holds a patented and patent pending process technologies and other intellectual property, which has been developed to address environmental and other priorities in the U.S. and global coal industry. The process technology is designed to convert raw coal into a cleaner and more efficient burning fuel. Coal that is treated using CCTI's technology processes Pristine™, Pristine-M™ and Pristine SA™ have as a result of research and testing shown to be more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. For additional information about CCTI, please visit our website at www.cleancoaltechnologiesinc.com.
Forward Looking Statements
This release may include forward-looking statements related to CCTI's plans, beliefs and goals, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include, but are not limited to, statements about CCTI's plans, objectives, expectations and intentions with respect to future operations, its products, the impact on the industry and other statements identified by words such as "will," "potential," "could," "can," "believe," "intends," "continue," "plans," "expects," "anticipates," "estimates," "may," other words of similar meaning or the use of future dates. Additional details about CCTI's business and its operations that could affect CCTI's actual results are described in CCTI's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K for the year ended December 31, 2013. All forward-looking statements in this release speak only as of the date of this news release. CCTI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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