Dive Summary:

• Clean Coal Technologies Inc. is building a $3.6 million pilot plant in eastern Oklahoma to test processes that could make coal a more efficient, cleaner burning fuel.
• Reducing greenhouse gas emissions from coal is the industry's "holy grail," says Ignacio Ponce de Leon, the company’s Chief Financial Officer.
• The New York-based company has developed technology that uses controlled heat to extract pollutants and moisture from coal. Once in operation, the plant will test coals from around the world. Despite emissions regulations, coal still accounts for 40% of U.S. electricity and more than 60% of Asia's power.

From the article:

“The process is not ready yet, but the company's pilot plant is expected to become operational in the fourth quarter.”