The sustainable clean technology and green energy holding company Clean Vision Corporation (OTCMKTS:CLNV) did not have a great time in the markets yesterday as its stock suffered from a selloff. The stock declined by as much as 6% yesterday despite a relatively positive announcement from the company yesterday.
Clean Vision announced that its subsidiary company Clean Seas was inducted into the Cape Cod Chamber of Commerce. It is a significant development considering the fact that Clean Seas is currently involved in pursuing the proposal to build and finance a pyrolysis plant meant for turning commercial waste to energy.
The Cape Cod Chamber of Commerce is involved in a wide range of clean energy projects and hence, the inclusion into it is a significant development for Clean Seas. By extension it is also a major development for Clean Vision.
It should be noted that Cape God has a water based economy but at the same time it also generates enormous amounts of plastic waste every year. At this point, the number stands at a staggering 40000 tons of plastic waste every year. Hence, any potential collaboration with Clean Seas could prove to be a commercially important one for Clean Vision.