Following a key announcement from Clean Vision Corporation (OTCMKTS:CLNV) yesterday it could be a good idea for investors to take a closer look into it. The company announced yesterday that Clean-Seas Inc, its fully owned subsidiary company, had gone into a definitive agreement with the firm MacVallee LLC.
Trading Data
On Tuesday, CLNV stock fell 1.61% to $0.0610 with more than 1.91 million shares, compared to its average volume of 8.03 million shares. The stock moved within a range of $0.0571 – 0.0635 after opening trade at $0.0600.
Clean Vision Secures Feedstock to Supply Plastics Conversion Facilities in the Eastern USA
As per the provisions of the agreement, Clean-Seas is going to be responsible for supplying adequate quantities of post-industrial plastic waste feedstock for the purpose of launching a project in Massachusetts. It should be noted that there are plans in place for the purpose of establishing a facility in Eastern United States as well and that would be announced later.
It should be noted that Clean-Seas and MacVallee had signed a letter of intent with regards to the agreement back in the fourth quarter of last year. The new facility, which is going to be the centrepiece of the joint venture, would be responsible for diverting post-industrial and ocean-bound plastic from landfills as well as incineration.
Eventually, the facility will help in converting the same into new plastics, pyrolysis fuels and ultra-low-sulphur fuels. Additionally, the facility would also be used for developing AquaH, which is the branded hydrogen from Clean-Seas.
