Clean Coal Technologies, Inc. (CCTI) announced it has entered into a binding agreement to form a Joint Venture Corporation in the ASEAN region with Jindal Steel & Power Ltd. (Jindal) Ownership of the joint venture will be held 65% by Jindal Steel & Power Ltd.and 35% by Clean Coal Technologies, Inc. Final Terms of the Joint Venture Agreement are being negotiated. For its 35% stake in the Joint Venture Company, CCTI will contribute a 25-year exclusive license to market and deploy Pristine-M(TM) Technology, covering the ASEAN countries including Indonesia, the Philippines, Cambodia, Vietnam, Malaysia, Brunei, Thailand, Laos and Myanmar. For its 65% stake, Jindal will pay USD 600,000 into the Joint Venture Company, USD 4 million of which will be paid to CCTI for an exclusive license of the Pristine-M(TM) Technology.