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Thursday, October 29, 2020

Clean Coal Technologies Inc (OTCMKTS:CCTC) Buoyed by Policy Expectations

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Clean Coal Technologies Inc (OTCMKTS:CCTC) has been powering in an uptrend recently despite another financial report with no encouraging results for investors. The big key here with this story is unquestionably the evolving political drivers for the coal industry as a whole.

Traders will note nearly 150% during the past month in terms of shareholder gains in the stock, a bounce that has taken root amid largely bearish action over the larger time frame. This is emblematic of the stock. CCTC stock has a track record that includes a number of dramatic bounces. Furthermore, the stock has seen an influx in interest of late, with the stock’s recent average trading volume running exceeding 390% beyond what we have been seeing over the larger time frame.

Clean Coal Technologies Inc (OTCMKTS:CCTC) bills itself as a company that engages in the ownership of a patented technology that utilizes controlled heat to extract and capture pollutants and moisture from low-rank coal.

The company’s technology transforms coal with various levels of impurities, contaminants, and other polluting elements into a low polluting fuel. It has various processes in intellectual property portfolio, including Pristine that is designed to remove moisture and volatile matter used for various applications, such as coal-fired power stations, chemical byproduct extraction, and as a source fuel for coal-to-liquid technologies; Pristine-M, a coal dehydration technology; and Pristine-SA, which is designed to eliminate the volatile matter in the feed coal, and to achieve stable combustion by co-firing it with biomass or natural gas.

Clean Coal Technologies, Inc. is based in New York, New York.

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According to the company’s media messaging, “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.”

Clearly, the big factor here from a macro perspective is the surprise election of President-elect Trump in the US on November. The coal space has been crushed in recent years because of a combination of three important drivers: environmental concerns, low demand for metallurgical coal, and cheap natural gas.

That trifecta of bearish factors has driven many coal companies into non-existence. However, the sudden and surprising political shift toward a republican alignment across all major branches of US government has dramatic consequences for the coal space. Like it or not, the coming regime is going to remove environmental concerns from the equation completely. It is also very likely that an infrastructure and fiscal stimulus bill will be signed very early next year. That spells further demand for coking coal for the production of steel needed for building of bridges, highways, hospitals, airports, and the like.

“The unwarranted assault on the coal industry over the last 24 months has made an abrupt change of course with the election of Donald Trump into the White House, and it has created significant opportunity for the coal industry to start rebuilding this vital energy source in the US, both for domestic production and consumption and also a start to rebuild the decimated export market,” said Robin Eves President and CEO. “We, at CCTI, always maintained that the solution was in developing newer, more efficient technologies in order to reduce the carbon footprint of coal, and we are delighted to see an immediate and positive uptick in demand for, and interest in, our technology here in the US,” added Mr Eves.

Currently trading at a market capitalization of $21.4M, CCTC has almost no cash on the books, which compares with an appreciable load ($6.76M) of total accumulated debt. This is a terrible balance sheet.

But some kind of theoretical growth may be a savior in situations such as this. With the shift in political outlooks governing US policy on coal, there is a chance that may take place. But higher natural gas prices will likely need to be part of that picture as well. This is an interesting story and we will update it again soon. For continuing coverage on shares of $CCTC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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