Welcome to our dedicated page for Clean Vision news (Ticker: CLNV), a resource for investors and traders seeking the latest updates and insights on Clean Vision stock.
Clean Vision Corporation (CLNV) is a public company active in sustainable clean technology and green energy, with a strong focus on converting waste plastic into plastic pyrolysis oil and other clean fuels. Its news flow centers on project development milestones, financing updates, and partnerships that support its Plastic Conversion Network strategy.
Many recent announcements highlight the activities of its wholly owned subsidiary Clean-Seas, Inc. and Clean-Seas West Virginia, Inc. News items cover the long-term lease and development of a Plastic Conversion Network facility in Belle, West Virginia, construction progress, delivery of core technology components and a Training, Research and Evaluation (TRE) pyrolysis unit, and the first commercial-scale deliveries of plastic feedstock to the site. These updates provide insight into how the company is building out its initial 50-tons-per-day plastic conversion plant and preparing for expanded capacity.
Investors and observers can also find coverage of Clean Vision’s financing and capital structure actions, such as bank funding associated with the West Virginia project and the retirement of certain convertible notes. Additional news describes logistics and engineering partnerships, including agreements with engineering, procurement, and construction providers and a logistics services agreement with Heniff Transportation Systems, LLC for the loading and distribution of plastic pyrolysis oil.
This page aggregates such press releases and related coverage, giving readers a single place to review Clean Vision’s project milestones, subsidiary developments, regulatory-related announcements, and shareholder communications. For those tracking CLNV, the news feed offers ongoing context on how the company describes its progress in plastic conversion, clean fuel development, and regional economic initiatives.
Clean Vision (OTCQB:CLNV) has secured a $15 million bridge loan for its Clean-Seas West Virginia facility through its wholly-owned subsidiary. The loan is backed by the West Virginia Economic Development Authority and UPS Industrial Services. Construction is set to begin in November 2024, with Phase 1 operations planned to process 50 tons per day of plastic feedstock into clean fuel. The facility is scheduled for commissioning in Q3 2025, with plans to expand capacity to 400 TPD in subsequent phases. UPSIS will oversee the engineering, procurement, and construction to ensure on-time, on-budget completion.
Clean Vision 's subsidiary, Clean-Seas West Virginia, has signed an EPC agreement with UPS Industrial Services for a plastic conversion facility in Quincy, West Virginia. The project, set to start in Q4 2024 and be fully operational by August 2025, will convert plastic waste into clean fuels through pyrolysis. This facility is part of Clean Vision's expanding Plastic Conversion Network (PCN), which includes projects in India and Morocco.
The global plastic pyrolysis market is projected to reach $2.7 billion by 2030, growing at a CAGR of 26.1% from 2024 to 2030. The West Virginia facility, supported by multiple state agencies, aims to address the plastic waste crisis and contribute to economic growth. Project financing is planned to be led by a regional bank, with completion expected in October 2024.
Clean Vision (OTCQB:CLNV) has secured an amended $15 million loan guarantee from the West Virginia Economic Development Authority (WVEDA) for its plastic conversion project in Quincy, West Virginia. The funds will be used for critical aspects of the recycling and processing facility operated by Clean-Seas West Virginia, Inc. The project aims to convert plastic feedstock into clean, plastic pyrolysis oil for new, circular plastic products.
Key points:
- Project operations expected to commence in mid-2025
- 10-year, $15 million note at 7% interest upon technology commissioning
- Pyrolysis oil to be supplied to a major U.S. based Oil and Gas distributor
- Project aligns with Clean Vision's commitment to divert plastic from landfills and incineration
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