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The best way I can do this so far...
Save project as another title.
Select all clips.
Deselect clip in question.
Move clip to the beginning.
That's fine if I'm starting a new projects with one clip every time, but what would happen if I wanted to add another clip to the new project?
Premiere Elements won't open another instance of itself, nor does it have a multiple document interface...
There's no short cut to doing it, Alex. You've pretty much outlined the steps you'll need to take.
So there is no way to quickly export just a clip from Adobe Premiere Elements?