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) drives innovation in plastic-to-fuel conversion through its global Plastic Conversion Network. This news hub provides stakeholders with essential updates on sustainable technology advancements, strategic partnerships, and environmental impact initiatives.
Access official press releases covering facility expansions, pyrolysis technology developments, and circular economy milestones. Our curated collection includes financial disclosures, operational updates from CLNV's U.S. and international projects, and analyses of market positioning within the renewable energy sector.
Key updates feature progress from flagship facilities in West Virginia, India, and Morocco, including feedstock agreements and clean fuel production metrics. Stay informed about CLNV's role in addressing plastic pollution through thermal decomposition technology and sustainable resource recovery solutions.
Bookmark this page for real-time updates on Clean Vision's initiatives that balance environmental responsibility with economic viability. Regularly refreshed content ensures investors and industry observers maintain current understanding of CLNV's market trajectory.
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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