Clean Vision Corporation Secures $15 Million in Funding for Clean-Seas West Virginia Facility
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 (OTCQB:CLNV) ha ottenuto un prestito ponte di 15 milioni di dollari per il suo impianto Clean-Seas in West Virginia tramite la sua sussidiaria interamente controllata. Il prestito è garantito dall'Autorità per lo Sviluppo Economico della Virginia Occidentale e dai Servizi Industriali UPS. La costruzione dovrebbe iniziare a novembre 2024, con operazioni previste nella Fase 1 per trattare 50 tonnellate al giorno di materiale plastico in carburante pulito. L'impianto è previsto per l'entrata in funzione nel terzo trimestre del 2025, con piani di espandere la capacità a 400 TPD nelle fasi successive. UPSIS supervisionerà l'ingegneria, l'approvvigionamento e la costruzione per garantire il completamento nei tempi e nei budget previsti.
Clean Vision (OTCQB:CLNV) ha asegurado un préstamo puente de 15 millones de dólares para su instalación Clean-Seas en Virginia Occidental a través de su filial de propiedad total. El préstamo está respaldado por la Autoridad de Desarrollo Económico de Virginia Occidental y los Servicios Industriales de UPS. La construcción comenzará en noviembre de 2024, con operaciones de la Fase 1 planificadas para procesar 50 toneladas por día de materia plástica en combustible limpio. La instalación está programada para ser puesta en marcha en el tercer trimestre de 2025, con planes de expandir la capacidad a 400 TPD en fases posteriores. UPSIS supervisará la ingeniería, la adquisición y la construcción para garantizar un finalización a tiempo y dentro del presupuesto.
클린 비전 (OTCQB:CLNV)은 전액 소유 자회사를 통해 웨스트버지니아 클린-시스 공장을 위한 1,500만 달러의 다리 대출을 확보했습니다. 이 대출은 웨스트버지니아 경제 개발 당국과 UPS 산업 서비스의 지원을 받습니다. 건설은 2024년 11월에 시작될 예정이며, 1단계 운영은 플라스틱 원료 50톤을 청정 연료로 가공하는 것으로 계획되고 있습니다. 공장은 2025년 3분기에 시운전될 예정이며, 이후 단계에서 용량을 400 TPD로 확장할 계획입니다. UPSIS는 제때, 예산 내에서 완공될 수 있도록 엔지니어링, 조달 및 건설을 감독할 것입니다.
Clean Vision (OTCQB:CLNV) a sécurisé un prêt relais de 15 millions de dollars pour son installation Clean-Seas en Virginie-Occidentale via sa filiale à 100 %. Le prêt est soutenu par l'Autorité de Développement Économique de Virginie-Occidentale et les Services Industriels UPS. La construction devrait débuter en novembre 2024, avec des opérations de la Phase 1 prévues pour traiter 50 tonnes par jour de matière plastique en carburant propre. L'installation devrait être mise en service au troisième trimestre 2025, avec des projets d'extension de la capacité à 400 TPD lors des phases suivantes. UPSIS supervisera l'ingénierie, l'approvisionnement et la construction pour garantir une finition dans les délais et le budget impartis.
Clean Vision (OTCQB:CLNV) hat einen Brückenkredit in Höhe von 15 Millionen Dollar für seine Clean-Seas-Anlage in West Virginia über seine hundertprozentige Tochtergesellschaft gesichert. Der Kredit wird von der Wirtschaftsentwicklungsbehörde von West Virginia und den Industriekdiensten von UPS unterstützt. Der Bau soll im November 2024 beginnen, wobei die Phase 1 den Betrieb von 50 Tonnen pro Tag für die Verarbeitung von Plastikrohstoffen in sauberen Kraftstoff vorsieht. Die Inbetriebnahme der Anlage ist für das dritte Quartal 2025 geplant, mit dem Ziel, die Kapazität in nachfolgenden Phasen auf 400 TPD zu erhöhen. UPSIS wird die Ingenieur-, Beschaffungs- und Bauarbeiten überwachen, um eine termingerechte und budgetgerechte Fertigstellung zu gewährleisten.
- Secured $15 million in bridge loan financing
- Backed by state economic development authority and UPSIS
- Initial 50 TPD processing capacity with expansion plans to 400 TPD
- First U.S. Plastic Conversion Network facility
- Partnership with established construction partner UPSIS
- Project completion not expected until Q3 2025
- Requires multiple phases to reach full capacity
Funding to Advance Clean Energy Project
LOS ANGELES, CA / ACCESSWIRE / November 7, 2024 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company"), an emerging leader in the development of sustainable technologies, is pleased to announce its wholly-owned subsidiary, Clean-Seas West Virginia, Inc. ("Clean-Seas West Virginia") has secured a
The West Virginia Facility will convert plastic feedstock into clean fuel. Phase 1 for the West Virginia Facility is planned to commence operations with capacity for processing 50 tons per day ("TPD") with current plans to expand the West Virginia facility in subsequent phases up to 400 TPD of processing capability. Phase 1 is currently scheduled for commissioning in the third quarter of 2025, marking a major step forward in reducing plastic pollution and creating sustainable fuel solutions in the region.
"This funding represents a pivotal moment for Clean-Seas West Virginia and our mission to develop a global network of conversion facilities, with the goal to create a cleaner planet. Our partnership with UPS Industrial Services and the support from the West Virginia Economic Development Authority demonstrate the strong belief in the potential for the West Virginia facility to not only reduce plastic waste and provide clean fuel, but to also create jobs and drive sustainable economic growth for the residents of West Virginia and the region as a whole." Said Dan Bates, CEO of Clean Vision.
As previously announced, UPSIS will oversee the engineering, procurement and construction of the West Virginia Facility to ensure its on-time, on-budget construction. "UPSIS is always looking for opportunities to partner with visionary companies like Clean-Vision to develop sustainable technology solutions and leave the planet in better shape than we found it. We believe the West Virginia Facility offers a unique opportunity to turn plastic waste into a valuable resource, and we look forward to working with the Clean Vision team on its project in West Virginia and around the world" said Lonnie Jackson, Senior Projector Director at UPSIS.
The West Virginia Facility marks our first Plastic Conversion Network (PCN) facility in the U.S. and builds upon Clean Vision's goal of expanding its clean fuel technologies globally while addressing critical environmental issues.
About Clean Vision Corporation:
Clean Vision is a public company that operates a portfolio of synergistic companies in the sustainable clean technology and green energy sectors. For more information, visit: www.cleanvisioncorp.com and follow us on Twitter: @CleanVisionCorp
About Clean-Seas, Inc.:
Clean-Seas, Inc. is a wholly owned subsidiary of Clean Vision Corporation. It is working to provide efficient and cost-effective technology solutions that address the global plastic crisis as creating economic opportunity and social benefit across the world. Clean-Seas' goal is to offer "best in class" pyrolysis technology deployment with strategic alliances for plastic diversion and conversion, including securing plastic feedstock and off-take agreements. For more information, visit: www.clean-seas.com
About UPS Industrial Services, LLC:
UPS Industrial Services, LLC ("UPSIS") is a premier provider of engineering, procurement, and construction services, renowned for delivering high-quality, cost-effective solutions for industrial projects globally. With a strong commitment to safety and excellence, UPSIS is a trusted partner for complex, large-scale initiatives. For more information, visit: www.upsindustrial.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 estimated and projections with respect to, among other things, the timeline associated with the construction and operation of the West Virginia Facility, the processing capability of the West Virginia Facility, our ability raise capital and secure contracts needed to meet expected revenue and processing capabilities, the ability of our consultants and partners to complete the construction of the West Virginia Facility within the currently anticipated time frame and within the currently anticipated budget, our anticipated growth, our predictions about our industry, our estimates with respect to expanding and meeting our projections for our facilities, our daily processing capabilities, revenue generation and project processing capabilities, the impact of local and global regulations and laws on our industry, 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
SOURCE: Clean Vision Corporation
View the original press release on accesswire.com
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