March 15, 2012Technology License Agreement • April 5th, 2021
Contract Type FiledApril 5th, 2021Clean Coal Agrees to Sign Technology License Agreement with Jindal Steel and Power Ltd., Agrees to Form Joint Venture with the Archean Group
Clean Coal Agrees to Sign Technology License Agreement with Jindal Steel and Power Ltd., Agrees to Form Joint Venture with the Archean Group NEW YORK--(BUSINESS WIRE)--Technology License Agreement • March 16th, 2012 • Clean Coal Technologies Inc. • Crude petroleum & natural gas
Contract Type FiledMarch 16th, 2012 Company IndustryClean Coal Technologies, Inc. (“CCTI”), a cleaner-energy technology company, “fully-reporting” and listed on the OTCQB (symbol CCTC), and Jindal Steel and Power Ltd. (“Jindal”) have agreed to enter into a Technology License Agreement (“TLA”) in lieu of the formerly announced Joint Venture Agreement contemplated under the Memorandum of Understanding signed between CCTI and Jindal on January 27, 2012. The decision to enter into the TLA was arrived at jointly and is beneficial for both companies as it allows Jindal to focus on its core business model in Indonesia of supplying dry, high-quality coal to their steel and power businesses in India while allowing CCTI to focus on the development and marketing of its technology to third parties.