Clean Vision Corp (OTCMKTS:CLNV) surges north as former winner bounces off 52-week lows (Clean-Seas Pyrolysis Plastic Waste-to-Energy)

Clean Vision Corp (OTCMKTS:CLNV) has been warming up and heading north since the company took to Twitter last week, tweeting, “$CLNV will have news to share soon! Agreements are being reviewed by the Legal Department, once executed we will publish them. Exciting times. This comes after the stock reversed from fresh 52-week lows of $0.012 in September this year. Earlier this year, CLNV achieved OTCQB Full Reporting status, which will bring greater visibility to the company by exposing it to new customers, investors and strategic partners. The stock has a history of large moves reaching $0.45 in 2020 and $0.095 earlier this year.

It’s easy to get excited about CLNV taking a step towards the $125 billion hydrogen economy with its wholly-owned subsidiary Clean-Seas which has built a strong foundation for its plastic conversion network. (PCN) patent pending. Clean-Seas’ pyrolysis plant for CSIR/IICT in Hyderabad will soon be operational, where it will demonstrate the company’s scalable technology for converting waste plastics into valuable products such as low sulfur fuels and AquaH. CLNV’s management is also targeting one or more business acquisitions or strategic alliances in the cleantech sector that will increase and diversify its synergistic assets, markets and revenue streams.

Clean Vision Corp (OTCMKTS: CLNV) operating out of Los Angeles, California, acquires and operates a portfolio of synergistic companies in the sustainable clean technology and green energy sectors. Clean Vision portfolio companies are supported by consulting services, connecting organizations to new verticals, accelerating time to market and profitability. Management has been working hard behind the scenes in 2021 to get CLNV to fully declare OTCQB.

Clean Vision is led by CEO Daniel Bates, a serial entrepreneur with extensive start-up experience. 10+ years in the renewable energy sector. In addition, on the Boards of Directors sits Michael K. Dorsey, Ph.D., MA, MFS, a recognized expert on global energy, environment, finance and sustainability issues who has served as high level under three former presidents.

Clean Vision’s subsidiary, Clean-Seas, Inc. provides efficient and cost-effective technology solutions that address the global plastic waste crisis as well as creating economic opportunity and social benefit in emerging and developed economies around the world. whole world. Clean-Seas offers the deployment of “best in class” pyrolysis technology for the recycling of plastic waste into energy, including securing raw materials and off-take agreements.

Clean Seas uses pyrolysis plants connected by a blockchain network to convert plastic waste into energy. Pyrolysis is defined as the thermal decomposition of lignocellulosic derivatives under inert conditions in an oxygen-depleted environment. Pyrolysis has been increasingly seen as an effective technique for turning biomass into bio-oil through modern times. The end goal of pyrolysis is to produce high-value energy products to cope with and gradually supplant non-renewable fossil fuels. The plastic for power market size is expected to reach USD 8804.20 million by 2028. Pyrolysis segment led the global market with 65.7% market share in 20

Clean-Seas has built a solid foundation for its patent-pending Plastics Conversion Network (PCN) with the signing of several preliminary agreements with government officials and private sector leaders in Latin America, the Middle East and Africa . These agreements include the United Arab Emirates, Cameroon, Somaliland, DRC, Ecuador, Malaysia, Georgia (Caucasus) as well as a solid pull in Cape Cod, Massachusetts. The company has also filed for trademark protection for its unique brand of clean hydrogen, AquaH™ – hydrogen derived from a plastic waste stream.Clean-Seas has partnered with the prestigious Indian Council for Scientific and Industrial Research (CSIR) and Indian Institute of Chemical Technology (IICT) to further develop and commercialize its plastic waste-to-energy technologies and services . To accelerate this line of business, Clean-Seas has purchased and delivered a pilot pyrolysis plant in Hyderabad for commissioning next month.

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In June, Clean Vision announced that its wholly owned subsidiary Clean-Seas, Inc. (CS) had signed a binding term sheet with Pax Petroklmya Sanayi Ve Dis Ticaret Limited, Sirketi (PPI) to jointly pursue the development of a plastic waste on a commercial scale. to energy as the company’s first PCN host facility in Turkey, as CS seeks to strategically expand its global footprint.

PPI (also known as Pax Petrochem), is headquartered in Istanbul. With a history of over forty years in diverse industrial and management fields including shipping, oil and gas, investments, project development and real estate development, PPI’s parent company, Pax International, has was founded in Houston, Texas in 1976 and over the years its operations have spanned the globe from Houston to Singapore to Dubai to Assaluyeh to Shanghai to Istanbul.

As the fifth largest city in the world, Istanbul is a highly strategic location, with a population of 15 million, or 18% of Turkey’s 83 million people. Turkey straddles Europe and Asia, and Istanbul is a global commercial transportation hub where the Black and Aegean Seas meet. Turkey has a dynamic economy, having recorded a GDP growth of 7.3% in the first quarter. CS believes that Turkey is an ideal host country for the CS NCP.

Turkey’s ratification of the 2015 Paris climate agreement completes its global environmental recognition as it is already a signatory to the Vienna Convention for the Protection of the Ozone Layer, the Montreal Protocol, the Rotterdam, the Stockholm Convention on Organic Pollutants, the Kyoto Protocol and the Barcelona Convention. The Turkish Environment Agency (TUÇA), which falls under the Ministry of Environment and Urban Planning, will carry out a zero waste management project to boost the economy through recycling. First Lady Emine ErdoÄŸan’s Zero Waste Project recycles 24.2 million tonnes of waste nationwide, aiming for a 60% recycling recovery rate by 2035. Its recycling rate has nearly doubled from 13 22.4% since 2017, including 4.1 million tonnes of plastic.

Clean-Seas Vice President of Business Development Dan Harris said, “We are delighted to be working with PPI; he is highly qualified technically and strategically. We believe that producing pyrolysis oil, AquaHtm hydrogen, coal and lubricants – while reducing plastic waste and the climate change crisis – can serve as a next-generation green extension of the petrochemical business. conventional offering unlimited potential.

Highlights of the CS/PPI Binding Terms Sheet

The binding term sheet is intended to govern the relationship between the parties until a formal definitive agreement can be implemented. It provides for the two companies to establish a business relationship in which CS will set up a new US company, Clean-Seas Turkey, LLC (CST), and PPI will set up all corresponding business entities in Turkey.

Under the terms, CST must:

  • Manage construction, operations, contractors, finances and removal customers for pyrolysis oil, AquaHtm hydrogen, coal and lubricants for a 150 ton per day (TPD) pyrolysis facility – with expansion potential.
  • Hold a controlling interest in the resulting jointly owned entity.
  • Secure the capital needed to begin operations of 150 TPD.

The PPI consists of:

  • Provide suitable land to support processing of 150 TPD and additional land for expansion if later agreed.
  • Obtain all required licenses and permits and obtain tax incentives where applicable.
  • Source raw materials and assist with off-take agreements.
  • Ensure compliance with Basel Convention rules for responsible storage and recycling of raw materials from other countries.

On October 3, CLNV announced that it had appointed Gregg Boehmer to the board of directors where he will serve as an independent member and member of the audit committee, bringing the total number of directors to four. He has been a consultant with Clean Vision since 2021. For more than ten years, Mr. Boehmer has worked as a management consultant specializing in the management and compliance of publicly traded companies over the counter. He holds a master’s degree in human resource management from Towson University (MD).

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CLNV is finally starting to see some real action after the company tweeted that they will soon have news to share that “agreements are being reviewed by the legal department, once executed we will post them.” Currently trading at a market valuation of $6 million with an OS at 349,385,392, the stock has plenty of room for growth from current levels and is still trading very close to its 52-week lows. We’ll update CLNV when more details emerge, so make sure you’re subscribed to Daily microcap so you know what’s going on with CLNV.

Disclosure: We don’t hold any positions in CLNV, long or short, and we weren’t compensated for this article

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