Clean Vision Expands its Pyrolysis Market
It’s only been a matter of weeks since Clean Vision (OTC:CLNV) established its pilot pyrolysis project in India to convert collected plastics into renewable forms of energy. In that time, Clean Vision’s subsidiary Clean-Seas has come to terms with Arinma Holdings, one of the largest infrastructure providers in Sri Lanka to launch a PCN hub in the region. CEO Dan Bates has been vocal about expanding the work of Clean-Seas to other regions as the company continues to fight global climate change and reduce the number of plastic debris in our oceans.
Earlier this week, Bates and Clean-Seas signed on a powerful new ally in its fight against climate change. The North-African country of Morocco has been a global leader in addressing climate change and has been named by the Climate Change Performance Index (CCPI) as the fifth most active country in the world. Clean-Seas is excited to announce that it has signed Morocco on as the newest member of its pyrolysis portfolio.
Per terms of the agreement, Clean-Seas will purchase and integrate two 10-tons per day (TPD) pyrolysis units for immediate use. It will also lay the groundwork to scale the operations to a staggering 350-TPD capacity. The move allows Clean-Seas to gain access to the continent of Africa, and it positions them to potentially gain some more partnerships across the Mediterranean Sea in the European Union.
Clean Vision Enters Latin America
If the new partnership with Morocco wasn’t enough, Clean-Seas made another announcement this week, it has agreed to enter a joint venture with the Commonwealth of Puerto Rico, where it will establish another hub of Clean-Seas’ patent-pending Plastic Conversion Networks.
The venture is the first for Clean-Seas in Latin America and is yet another major victory for the company in the span of a month. It is estimated that the Puerto Rico plant will be able to process up to 500 tons per day, which will lead to annual revenues about $70 million. It is anticipated that the plant will begin operations in Puerto Rico by the fourth quarter of 2023.
Clean Vision CEO Dan Bates was vocal about supporting Puerto Rico and its surrounding communities due to the disruptions it has had in its energy resources from recent hurricanes. Bates and the team are motivated to get this plant up and operational within a year after breaking ground.
Is CLNV a Good Investment?
CLNV as a stock has had a good year so far, gaining nearly 90% of its value over the first three months. No doubt, the recent catalysts and original expansion into India has been a major reason for the growth. The stock is still significantly off of its 52-week high price of $0.19, and while past performance is never an indication of future results, the recent progress by Clean Seas is certainly promising for shareholders.
It was an extraordinary month for Clean Vision, and investors should not expect this rate of growth to continue. Signing four major markets to its pyrolysis project is outstanding and investors should be encouraged, but also to have realistic expectations. Clean Vision is just getting started. As the world continues to trend towards a carbon neutral future with renewable energies and a reduction in the use of plastics, the company should continue to see plenty of growth in a market that is ripe for the taking.
Disclaimer: This article is strictly the author’s opinion. All stocks involve risks and the possibility of losing all your investment. Please consider all risks before investing and consult with an investment advisor if you lack experience. Article provided in part by Strategic Innovations First who are paid for by the companies for social media and research.