Clean Vision Corporation (OTCMKTS:CLNV) is on a path of rapid expansion as just last week the firm announced expansion of its Clean-Seas subsidiary in Ecuador with portfolio of services going till Santa Elena.
Its earlier announced agreements with cities of Milagro and Naranjal demonstrate its commitment towards long-term Municipal Solid Waste feedstock management using its pyrolysis technology. Public-private joint venture partnerships, deploying plastic-to-energy processing plant, will commence operations in first half of 2022.
The deal makes the company have a strategy value of $100 million in total capital expenditures, bringing in an attractive Return on Investment. Santa Elena facility will commence processing of 200 tons of MSW per day with capability of expanding to meet region’s augmenting needs.
Revenue generation from two-line facility will be $13.5 million annually, for its partnership with GCIL, ensuring project payback period of less than three years.
Clean-Seas also announced collaboration with EcoLibriumfor accelerating project development in Ecuador. Gustavo Santana, CEO of EcoLibrium had said that the two companies have developed a win-win scenario for Ecuador and its people along with investors.
Dan Bates, Clean Vision Chief Executive Officer said that EcoLibrium has allowed the first to fast-track company’s efforts for expanding into lucrative Latin American market.
The company also announced a joint venture with Roselle Capital for developing and deploying revolutionary pyrolysis technology in Asia transforming plastic waste into valuable commodities and clean energy.
CLNV acts as a merger and acquisition company focusing on providing sustainable and clean technology solutions. Recycling plastics has been estimated to be $55 billion market opportunity by 2030.