LOS ANGELES, CA -- April 11, 2023 -- InvestorsHub NewsWire
-- Clean Vision Corporation (OTCQB:CLNV)
("Clean Vision" or the "Company"), an emerging leader in the
sustainable clean technology and green energy sectors, is excited
to announce that its wholly owned subsidiary, Clean-Seas, Inc.
("Clean-Seas"), has entered into feedstock and site lease
agreements (the "Agreements") pursuant to its previously announced
$20 million joint venture project in Western Michigan in
partnership with the NuWay Go Recycle Center LLC ("NWG") owned by
American Classic (www.americanclassic.us),
creating Clean-Seas Newaygo ("CSN").
CSN expects to
eventually divert up to 500 tons per day of waste plastic from
landfill and/or incineration. Phase I of the project is currently
budgeted at $20 million with currently anticipated funding from
debt and equity.
"Co-locating a
Clean-Seas Plastic Conversion Network (PCH) facility with partners
who are already sorting plastics adds great value to both
operations," said Chris Galazzi, CSN's president. "The synergies
here are potent-It's a win for both partners, the local economy,
and the environment."
These
Agreements come in the wake of Michigan's December
23rd recognition of pyrolysis as an approved manufacturing
process, creating a clear permitting pathway for the
project.
Headquartered
in Newaygo County, NWG is a new venture of American Classic, a
fixture in Western Michigan construction, building supply, and
commercial and residential waste management since 2001. American
Classic's 2022 acquisition of Cart-Right
Recycling deepened their united commitment to responsible,
innovative waste handling throughout Michigan, and ensured a
consistent supply of plastic feedstock to the CSN
facility.
In December
2022, the Newaygo City Council and Newaygo Planning Commission
each approved
plans to develop the CSN facility, which will divert
post-industrial and post-consumer waste plastic from landfill and
incineration and convert it through pyrolysis into precursors for
new plastics, ultra-low sulfur fuels and oils, and Clean-Seas'
branded hydrogen, AquaH™.
Under the
terms of the joint venture agreement, CSN will co-locate at
American Classic's recently acquired 313 W. State Road facility in
the City of Newaygo. American Classic has committed to supplying
the necessary feedstock for CSN operations. The parties will work
collectively to secure additional permits and approvals. Clean-Seas
will use its relationships and expertise to secure capital and
technology to establish the facility, which is expected to begin
operations in late 2023 or early 2024.
Once
established, operations are expected to begin in American Classic's
45,000 sq. ft. facility, which sits adjacent to a rail line for
easy off-loading of waste plastic and pickup of CSN converted
commodity products. In addition to anticipated debt and equity
funding for the project, additional sources of funding may include
Michigan State incentives and grants which are available through
the Biden Administration's Inflation Reduction Act
(IRA).
These
Agreements mark the next milestones for the joint venture
project announced
Jan. 17, and follow partner American Classics announcement last
month of a $2 million Material
Recovery Facility ("MRF") at the same site, only the second MRF
in the Greater Western Michigan region.
About Clean Vision Corporation
Clean Vision
Corporation operates and intends to acquire and operate a portfolio
of synergistic companies in the sustainable clean technology and
green energy sectors. For more information, visit: cleanvisioncorp.com and
follow us on Twitter: @CleanVisionCorp
About Clean-Seas, Inc.
Clean-Seas,
Inc. is a wholly owned subsidiary of Clean Vision. It is working to
provide efficient and cost-effective technology solutions that
address locally the global waste plastic crisis as creating
economic opportunity and social benefit across the world.
Clean-Seas plans to work towards offering "best in class" pyrolysis
technology deployment with strategic alliances for plastic
diversion and conversion, including securing feedstock of plastic
and off-take agreements. For more information, visit: clean-seas.com.
Cautionary Note Regarding Forward-Looking
Statements
This press
release includes express or implied statements that are not
historical facts and are considered forward-looking within the
meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act. Forward-looking statements involve
substantial risks and uncertainties. Forward-looking statements
generally relate to future events or our future financial or
operating performance and may contain projections of our future
results of operations or of our financial information or state
other forward-looking information. In some cases, you can identify
forward-looking statements by the following words: "may," "will,"
"could," "would," "should," "expect," "intend," "plan,"
"anticipate," "believe," "estimate," "predict," "project,"
"potential," "continue," "ongoing," or the negative of these terms
or other comparable terminology, although not all forward-looking
statements contain these words. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, these statements relate to future events or our future
operational or financial performance and involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by these forward-looking statements. Furthermore, actual
results may differ materially from those described in the
forward-looking statements and will be affected by a variety of
risks and factors that are beyond our control, including, without
limitation, statements about our future financial performance,
including our revenue, cash flows, costs of revenue and operating
expenses; our anticipated growth; our predictions about our
industry; the impact of the COVID-19 pandemic on our business and
our ability to attract, retain and cross-sell to clients. The
forward-looking statements contained in this press release are also
subject to other risks and uncertainties. The forward-looking
statements in this press release speak only as of the date on which
the statements are made. We undertake no obligation to update, and
expressly disclaim the obligation to update, any forward-looking
statements made in this press release to reflect events or
circumstances after the date of this press release or to reflect
new information or the occurrence of unanticipated events, except
as required by law.
Contact
Clean Vision Corporation
Dan Bates, CEO
d.bates@cleanvisioncorp.com
Investors
Frank Benedetto
619-915-9422
Media/Public Relations
Phoenix Media & Marketing
info@phoenix-mediamarketing.com
SOURCE: Clean Vision Corporation
Clean Vision (QB) (USOTC:CLNV)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Clean Vision (QB) (USOTC:CLNV)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
