Clean Vision Corporation (OTCMKTS:CLNV) is aiming for expansion consistently with CLNV announcing its Clean-Seas subsidiary expanding presence in Ecuador through its services going into the city of Santa Elena.
The latest agreement will expand its reach and add to its previously announced agreements with Milagro and Naranjal, which have demonstrated commitment for long-term Municipal Solid Waste feedstock agreements using its pyrolysis technology. The projects are expected to kick off in 2022.
The deal ensures that Clean-Seas is harnessing project value of about $100 million in total capital expenditures, ensuring ROI is attractive. Santa Elena facility would process 200 tons of MSW per day and expand to meet the growing needs of the region. Recently, CLNV had also announced a joint venture with GGII, ensuring a payback period of three years and will generate 70,000 carbon credits annually.
CLNV also confirmed that its subsidiary joined the Cape Cod Chamber of Commerce, after its proposal for financing and constructing commercial-scale waste plastic-to-energy pyrolysis plant. The water-based economy of Cape Cod generates revenue-using attractions like tourism as well as recreational fishing and aquaculture, to create Blue Economy Project for encouraging sustainable and responsible growth.
The Massachusetts Department of Environmental Protection states that the state generates over 600,000 tons of plastic per year and Cape generates over 40,000 tons of waste plastic annually. Clean-Seas opines that plastic waste can be converted to more than 5 million gallons of ultra-low-sulfur diesel with a value of over $10 million annually.