June 23, 2021 -- InvestorsHub NewsWire -- via
Seeking Alpha
Clean Vision's Subsidiary Clean-Seas Signs Binding MOU with Plastic
Waste-to-Energy Technology Group Global Green Int'l Investments;
Companies Will Partner on Clean-Seas' US and International Clean
Energy Initiatives to Address Projected $55 Billion Market
LOS ANGELES, CA - June 23, 2021 / Clean Vision Corporation
(CLNV),
a holding company that acquires and operates sustainable clean tech
and green energy businesses, today announced that its Clean-Seas subsidiary has signed a binding
memorandum of understanding (MOU) with Global Green
International Investments (GGII).
Headquartered in Singapore, GGII is a thirteen years-old,
leading renewable energy company that develops innovative
technology solutions that solve the world's growing plastic waste
problem and produce high value commodities and renewable energy via
its proprietary pyrolysis process. GGII and its partner groups
manage numerous pyrolysis projects in Australia, New
Zealand the Philippines, South Korea and other Asian
countries.
According to McKinsey and
Company research, "Pyrolysis is an invaluable technology to
treat mixed polymer streams, which mechanical recycling
technologies cannot handle. If plastics demand follows its current
trajectory, global plastics-waste volumes would grow from 260
million tons per year in 2016 to 460 million tons per year by 2030,
taking what is already a serious environmental problem to a whole
new level. We also believe there are opportunities to build a new
and profitable branch of the industry based on recycled plastics,
which our research suggests could represent a profit pool of as
much as $55 billion a year worldwide by 2030."
Under the terms of the two-year agreement, the companies will
partner on the development, build out and maintenance of
commercial-scale plastic waste-to-energy processing plants that
serve municipal and regional population centers worldwide.
Clean-Seas is responsible for the business development, managing
the permitting process and securing the project financing. GGII
shall serve as an exclusive vendor to Clean-Seas throughout much of
the world by providing it with project technical design expertise,
specifications, and building, testing and then maintaining the
processing plants.
Clean-Seas further benefits by gaining access to GGII's unique
technical data that it requires to analyze a prospective commercial
project prior to funding, such as its recently announced 40
tons/day waste-plastics pyrolysis initiative
in Massachusetts. That data includes various regulatory
technology certifications, patents, feedstocks (waste streams, such
as municipal solid waste or waste-plastics) and commodity output
(such as activated carbon (CARN),
diesel and syngas).
Commenting on the binding MOU, Global Green International
Investments Founder and Chairman of the Board, Allan Clarke,
said, "We are excited to have partnered with Clean-Seas and its
dynamic business development acumen and professional team. Combined
with GGII's engineering expertise, resources and extensive
experience, this partnership will produce state of the art
waste-to-energy plants anywhere in the world. We are eager to get
started."
Dan Bates, Clean Vision CEO, said, "We couldn't ask for a better
company to partner with on these important projects. Aside from
our New England initiative, Clean-Seas has several other
major projects under active development. By partnering with GGII,
we now have a world class team that I am confident will deliver on
its commitment to curb the world's waste plastic problem while
delivering value to our shareholders.
"Equally important, he added, "We are seeing the waste problem
escalating in the US and globally as countries characterized as
‘third world' just a few years ago are no longer willing to serve
as dumping grounds for wealthier countries' waste streams, while
the increasing awareness of dumping plastic waste into oceans has
people everywhere saying, ‘no more.' In just the past couple years,
transporting waste and paying tipping (dumping) fees have reached
about $100/ton in the US and elsewhere transforming the economics
for our pyrolysis plants by generating an attractive, fast
financial payback, cash flow and high ROI.
"If that's not enough, experts estimate the waste-plastic
problem to now be reaching historic
levels globally due in part to the pandemic with billions
of single-use PPE worldwide, and grocers and restaurants relying
exclusively on single-use plastic (SUP) containers and
utensils," Mr. Bates concluded.
About Global Green International Investments
We are a renewable energy company that develops innovative
solutions that solve waste problems and produce renewable energy
via our unique pyrolysis process. Our mission is to deliver
innovative, efficient, profitable and environmentally responsible
solutions that convert energy from waste-into-syngas and refined
diesel fuels -- and achieve zero-waste solutions for our partners
and communities.
Global Green International Investments has offices and projects
worldwide and draws upon our extensive project experience and
operating Pyrolysis plants and the expertise of its international
partners. For more info, visit us at: ggienergy.com and bioplantenergy.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" full solution's provider sourcing and deployment of the
latest technologies for plastic waste-to-energy recycling, securing
feedstock and off-take agreements.
The Company expects to develop socially impactful programs,
improving quality of life, and conforming to the United Nations
Sustainable Development Goals (SDG). Clean-Seas is driven by the
3P's, People, Planet and Profit. For more information,
visit: http://www.clean-seas.com/.
About Clean Vision Corporation
Clean Vision is a public company that acquires, manages, and
operates a portfolio of synergistic companies in the clean
technology and green energy sectors. Its portfolio companies
include Clean-Seas and 100Bio. For more information,
visit: www.cleanvisioncorp.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.
Contacts
GGII
Allan Clarke
E. allanc@ggienergy.com
Alan Matthews
E. alan.matthews@ggienergy.com
Clean Vision
Dan Bates, CEO
Clean Vision Corporation
d.bates@cleanvisioncorp.com
Investors
Frank Benedetto 619.915.9422
Twitter: @CleanVisionCorp
Source - https://seekingalpha.com/pr/18369392-clean-visions-subsidiary-clean-seas-signs-binding-mou-plastic-waste-to-energy-technology
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