Clean Vision Corporation (CLNV)
OTC PINK OTC PINK Primary Summary
Clean Vision Corporation Secures $15 Million in Funding for Clean-Seas West Virginia Facility
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 $15 million bridge loan to finance Clean-Seas West Virginia's clean energy project that is currently being developed in Quincy, West Virginia (the "West Virginia Facility"). This loan, backed by a guarantee from the West Virginia Economic Development Authority and a letter of credit / completion bond issued by UPS Industrial Services ("UPSIS"), will propel our groundbreaking clean energy initiative forward, with construction on the WV Facility currently set to begin in November 2024.
Clean Vision Corporation Secures Amended and Restated $15 Million Loan Commitment for Plastic Conversion Network Project in West Virginia
LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company") is pleased to announce that, on July 26, 2024, the West Virginia Economic Development Authority ("WVEDA") issued, and Clean Vision accepted, an amended and restated commitment letter (the "Amended Letter"), providing Clean Vision with a $15 million high impact loan guarantee (the "WV Loan Guarantee"). Once the loan has been finalized and the funds provided for in the WV Loan Guarantee have been received, Clean Vision will deploy such funds for critical aspects of the recycling and processing facility project being conducted by its wholly owned subsidiary, Clean-Seas West Virginia, Inc. ("Clean-Seas West Virginia"), in Quincy, West Virginia (the "Project").
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Clean Vision Corporation Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Daniel Bates CEO | OTC PINK Exchange | 18452W104 CUSIP |
| US Country | 38 Employees | - Last Dividend | 24 Feb 2023 Last Split | - IPO Date |
Overview
Clean Vision Corporation is deeply embedded in the clean energy sector, with a particular focus on addressing the critical issue of waste management. Based in Manhattan Beach, California, the company has carved a niche for itself in the waste to energy industry, where it has been actively providing innovative solutions for recycling and repurposing plastic and tire waste. By converting such waste into valuable byproducts, Clean Vision Corporation is not only tackling environmental pollution but also contributing to the generation of clean energy, aligning with global sustainability goals.
Products and Services
- Precursors for New Plastic Products
Clean Vision Corporation recycles plastic waste to create precursors that serve as raw materials for producing new plastic products. This process not only reduces the amount of waste in landfills but also minimizes the need for virgin resources in plastic production, contributing to a more sustainable economy.
- Hydrogen and Other Clean-Burning Fuels
By converting plastic and tire waste into hydrogen and other clean fuels, the company provides an essential resource for generating clean energy. These fuels burn more cleanly than conventional fossil fuels, significantly reducing emissions of harmful pollutants and supporting the transition to a low-carbon economy.
- Low-Sulfur Fuel
The production of low-sulfur fuel is another hallmark of Clean Vision Corporation's approach to sustainable energy. This type of fuel reduces the sulfur dioxide emissions associated with traditional fuels, thereby mitigating acid rain and contributing to cleaner air quality.
- Carbon Black or Char
Through its innovative recycling processes, Clean Vision Corporation also produces carbon black or char, a material that has a variety of applications, including acting as a reinforcing agent in tires and other rubber products, and as a pigment in inks, coatings, and plastics. The production of carbon black from waste not only provides an alternative to the traditional fossil-fuel-based process but also offers an eco-friendly solution to manage waste products.
