July 29, 2021 -- InvestorsHub NewsWire -- via
Markets Insider -- Clean Vision Corporation
(OTC
PINK: CLNV), a holding company that acquires and operates
sustainable clean tech and green energy businesses, today announced
that its Clean-Seas subsidiary has expanded its portfolio of cities
that will use the Company's technology to include the city of Santa
Elena, Ecuador.
This new agreement signed with Santa Elena, along with recently
announced agreements with the cities of Naranjal and Milagro,
brings to three the number of cities in Ecuador that have
committed to long term Municipal Solid Waste (MSW) feedstock
agreements to support deploying Clean-Seas' pyrolysis
technology.
Santa Elena, in the Province of Santa Elena, sits on the coast
of the Bay of Santa Elena, attracting approximately 2.5 million
tourists per year in large part for its pristine coastal
environment. The City's Mayor, Otto Vera Palacios, has signed
a Letter of Intent with Clean-Seas to establish a public-private
joint venture partnership in which Clean-Seas will deploy a
pyrolysis waste plastic-to-energy processing plant.
Santa Elena has a population of more than 500,000 and accepts
MSW from eight surrounding cities. Like many cities
in Ecuador and throughout Latin American, Santa Elena is
faced with a waste crisis, as landfills are reaching capacity. The
Ecuadorean Minister of the Environment, Gustavo Manrique, just
informed Mayor Palacios that he must quickly develop a new landfill
because their current capacity is full. The LOI, signed
on July 14, is designed to relieve the pressure on the
existing infrastructure and handle the MSW in an environmentally --
as well as financially -- responsible way.
Commenting on the third Ecuadorean city agreement just this
month, Dan Bates, Clean Vision Chief Executive Officer, said,
"This is an exciting milestone for Clean-Seas as it brings its
project value to approximately $100 million in total
capital expenditures, with a compelling ROI to attract project
financing, as well as diversifying the project portfolio over the
multiple locations and jurisdictions."
Clean-Seas has partnered with Ecuador-based EcoLibrium S.A.
for all of its projects in Ecuador. "Ecuador is one of
the most dynamic economies in the region," said Reinaldo Dos
Santos, a Partner at EcoLibrium S.A. "According to various studies,
it is one of the three best places to live and invest in Latin
America."
Mr. Bates, added, "EcoLibrium is the kind of partner that any
company pursuing aggressive expansion into a new market dreams
about. It brings the partnership deep relationships developed over
decades which is vital to doing business as a newcomer
to Ecuador."
Upon commissioning, which the Company expects in 2022, the Santa
Elena facility will start processing 200 tons of MSW per day with
the ability to expand to meet the region's growing needs. The
expected revenue generation from a two-line facility, through
Clean-Seas' recently announced JV partnership with GGII, is
approximately $13.5 million annually providing a project
payback period of less than three years. The plant's output will
consist of clean-burning diesel fuel, bio-char, and industrial oil;
it will also generate approximately 70,000 carbon credits annually.
In addition, the facility will provide high paying, green jobs for
the local economy.
About Clean Vision Corporation
Clean Vision is a public company that acquires and operates a
portfolio of synergistic companies in the sustainable clean
technology and green energy sectors. For more information, visit:
cleanvisioncorp.com.
About Clean-Seas, Inc.
Clean-Seas, Inc. provides efficient and cost-effective
technology solutions that address the global waste plastic crisis
as well as creating economic opportunity and social benefit in
emerging and developed economies across the world. It offers "best
in class" pyrolysis technology deployment for plastic
waste-to-energy recycling, including securing feedstock and
off-take agreements. For more information, visit:
clean-seas.com/.
Safe Harbor Statement
This press release may include forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company assumes no duty to update its
forward-looking statements.
Contact
Clean Vision Corporation
Dan Bates, CEO
d.bates@cleanvisioncorp.com
Source - pennymillions
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