Clean Vision Corporation (OTC: CLNV) has experienced several interesting developments recently, but it hasn’t noticeably influenced the market with any substantial gains. Nonetheless, we believe it’s worth providing an update on the company given it’s been a few months since our last mention. In today’s discussion, we’ll explore a variety of updates and their significance, with aim of providing insight on what to expect for 2024.
Background:
Clean Vision is led by Dan Bates, and their goal is to tackle the global plastic waste crisis head-on. Their wholly owned subsidiary, Clean Seas, has developed the Plastic Conversion Network (PCN), a groundbreaking technology aimed at diverting millions of tons of waste plastic from landfills, incineration, and oceans. The PCN converts this plastic feedstock into clean fuels and green hydrogen, significantly reducing reliance on fossil fuels and lowering the carbon footprint.
For a brief 2 minute overview on the company, feel free to reference the video CLNV’s subsidiary put together on YouTube. Here’s the link.
Clean Seas utilizes proven pyrolysis technology to produce environmentally friendly products, which are sold to multinational petrochemical companies, driving the circular plastic economy. Operational PCN facilities are already in place in Morocco and India, with additional conversion facilities in development across West Virginia, Arizona, and Southeast Asia. Long-term feedstock supply agreements exceeding one million tons of waste plastic annually have been secured at no cost.
Their recently trademarked brand, AquaH®, is produced in their PCN. According to the release, it offers a differentiated green hydrogen product from carbon-neutral sources. Currently, hydrogen is predominantly produced through methods that involve fossil fuels, which of course contributes to global carbon emissions. Furthermore according to Deloitte’s 2023 global green hydrogen outlook, this could be a $1.4T annual market by 2050.
$65 Million Plastic Conversion Facility:
CLNV is making big moves in West Virginia and according to the release on October 24th, 2023, they’ve brought in some serious players—CDI Engineering Solutions and ERM—to help out with their Clean-Seas West Virginia project.
CDI has over 70 years of experience integrating engineering, design, project support, procurement and construction management services to the energy, chemicals and electrical infrastructure markets.
ERM is the world’s largest advisory firm focused solely on sustainability, offering environmental, health, safety, risk and social expertise for more than 50 years with more than 8,500 dedicated professionals operating across 40 countries.
The plan is to kick things off in 2024, turning 100 tons of plastic every day into recycled plastics and clean fuels. It’s a hefty project with a $65 million investment, creating over 200 jobs initially. And they’re not stopping there—they want to scale up to 500 tons of plastic per day over time.
West Virginia Governor Jim Justice is also on board, throwing over $12 million in state incentives to support the project.
Governor Jim Justice made a reference to Clean Seas in his state of the union address. If you want to catch the mention, go to 34:15 in the video. The three minutes leading up to it are also worth reviewing.
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Launches Global Operations:
CLNV made another significant advancement, planning to launch waste plastic conversion facilities in the European Union, Eastern Europe, and Southeast Asia. This will be accomplished through their new subsidiary, Clean-Seas Partners UK Limited (CS-UK), who of course shares the same vision of creating sustainable solutions to the global plastic pollution crisis.
Under the leadership of Managing Director Shaun Wootton, CS-UK will play a crucial role in strategic project development and investment facilitation, leveraging established relationships in the Middle East, Southeast Asia, and Europe.
To fortify effective governance and strategic direction, CS-UK is assembling a distinguished board with internationally recognized figures in banking, sustainability, and energy. This approach aims to have a diverse and experienced board guiding CS-UK in realizing its vision of promoting sustainability and environmental stewardship across diverse regions.
$340 Million Bond Offering:
CLNV even announced they partnered with a global advisory firm, Grant Thornton, to issue up to $340 million in Green Bonds. This is the world’s sixth-largest network of independent accounting and consulting firms, employing 62,000 people in more than 130 countries and had revenues of $6.6 billion in 2021. These bonds will fund the expansion of Clean Vision’s Plastic Conversion Network (PCN) under the “Clean-Seas” initiative worldwide, aimed at combatting plastic pollution on a global scale.
With the Green Bond’s net proceeds, CLNV plans to deploy at least six plastic waste conversion lines globally, with strategic locations in West Virginia, Arizona, Southeast Asia, and expansion in Morocco. The Green Bond is also expected to attract environmentally conscious investors, setting a new standard for corporate responsibility.
$15M Government Loan:
Lastly, under the capable management of Huntington Bank, CLNV has recently secured a $15 million government loan. What sets this apart is that the loan is FORGIVABLE.
A forgivable loan is a type of loan where the borrower is not required to repay the borrowed amount under certain conditions. Typically, these conditions are related to the borrower meeting specific criteria, such as using the funds for approved purposes, maintaining certain employment levels, or achieving predetermined goals. If the borrower fulfills these conditions, the loan is forgiven, and they are not obligated to repay the borrowed amount. Forgivable loans are often used as an incentive or support for specific activities, such as job creation, small business development, or other initiatives that contribute to economic growth or community welfare.
Not to mention it won’t result in any dilution for shareholders. This is an unexpected and uncommon accomplishment for an OTC company. Securing a government loan of this size without any dilution is truly impressive.
Conclusion:
CLNV has made impressive strides tackling the global plastic waste crisis, especially given their valuation of merely $22.65 million. The team has swiftly achieved key objectives, including a $65 million plastic conversion facility in West Virginia, global expansion through Clean-Seas Partners UK Limited, a $340 million Green Bond Offering, and a remarkable $15 million forgivable government loan. The vast $1.4 trillion market they’re tapping into offers an interesting opportunity with current indicators looking positive. Nevertheless, it’s crucial to acknowledge that there is still significant work ahead, and the team needs to maintain consistent execution to turn this potential into a reality.
We will update you on CLNV when more details emerge, subscribe to Microcapdaily to follow along!
Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Picture by pasja1000 from Pixabay
watts???...really???...come one
May 31, 2015 at 4:00 pm
“Unfortunately (thanks to WATTS on the following)”:
What??? Is this a joke???
If you’re going to cite “watts” as your source of authority on ANYTHING related to investments, let alone Liquidmetal, you might as well be speaking to his alter ego because “watts” is the same one who fervently applauded the Visser Precision Cast deal at its inception along with his original investment with people who were convicted of securities fraud, only to have their convictions overturned on a technicality. I don’t condone current mgmt, but LQMT had their backs against the wall and were, for all intents and purposes – DONE! But their feet were put to the fire on the Apple deal. They had NOTHING to offer Apple at that point. They could have signed a deal with Schmucko enterprises for 20 mill. Would that have been a better deal? And if “watts” had a clue on due diligence, he would have investigated the facts of that deal instead of thinking Apple finally meant nirvana. Interestingly enough, that deal was initiated and also signed off on by the old management who committed fraud and who “watts” thought was more credible.
Management “failed to anticpate the number of years?” Is that a joke? It’s a disruptive tech. The old method was a MISERABLE FAILURE. The company burned through a hundred mill – minimum – of initial shareholder money on the IPO and much of it on their own self-interests to the extend they could not keep an auditor in place! They have actually accomplished more – and validated and cultured alliances – with companies that they had merely – at most – initiated prior. Does “watts” really think Materion and Engel would have continued their relationship with old management? “Watts” needs to give it a break.
As for “losing” old scientists – they have cultivated MORE through CIP, which is a joint venture IP entity owned 100% by Liquidmetal. But I’m sure “watts” thinks the Apple scientists like Steve Zadesky are a joke. Yeah, tell that to Tim Cook as Cook made Zadesky (a former Ford engineer and the principal engineer on the iphone project from inception) in charge of Apple’s auto initiative.
When I think of watts, I don’t think.
watts???...really???...come on!
May 31, 2015 at 4:05 pm
“Unfortunately (thanks to WATTS on the following)”:
What??? Is this a joke???
If you’re going to cite “watts” as your source of authority on ANYTHING related to investments, let alone Liquidmetal, you might as well be speaking to his alter ego because “watts” is the same one who fervently applauded the Visser Precision Cast deal at its inception, along with his original investment with people who were convicted of securities fraud, only to have their convictions overturned on a technicality. I don’t condone current mgmt, but LQMT had their backs against the wall and were, for all intents and purposes – DONE! But their feet were put to the fire on the Apple deal. They had NOTHING to offer Apple at that point. They could have signed a deal with Schmucko Enterprises for 30 mill. Would that have been a better deal? And if “watts” had a clue on due diligence, he would have investigated the facts of that deal instead of thinking Apple finally meant nirvana. Interestingly enough, that deal was initiated and also signed off on by the old management who committed fraud and who “watts” thought was more credible.
Management “failed to anticpate the number of years?” Is that a joke? It’s a disruptive tech. The old method was a MISERABLE FAILURE – even higher costs, product failures, etc. etc. etc. The company burned through a hundred mill – minimum – of initial shareholder money on the IPO and much of it on their own self-interests to the extent they could not keep an auditor in place! They have actually accomplished more – and validated and cultured alliances – with companies that they had merely – at most – initiated prior. Does “watts” really think Materion and Engel would have continued their relationship with old management? “Watts” needs to give it a break.
As for “losing” old scientists – they have cultivated MORE through CIP (Crucible Intellectual Property), which is a joint venture IP entity owned 100% by Liquidmetal with the large majority of the R&D and legal fees paid by – yes, you guessed it – APPLE! But I’m sure “watts” thinks the Apple scientists like Steve Zadesky are a joke. Yeah, tell that to Tim Cook as Cook made Zadesky (a former Ford engineer and the principal engineer on the iphone project from inception) in charge of Apple’s auto initiative.
When I think of watts, I don’t bother to take the time to think. This company could end up being a failure, but certainly no worse than what it was and watts actually approved of all those deals on first blush, only to realize he didn’t read enough and was dead WRONG! Shocking.
Paul Knag
May 31, 2015 at 9:51 pm
Thanks you have made some great points. Will incorporate your viewpoints in next article.
LQMT Unknown
June 1, 2015 at 8:31 am
Paul, your “source” is off-base and has as much knowledge of what is going on in this company as someone who extols all of the benefits and none of the negatives. Your source cheered the benefits of that Visser Precision deal before ripping it, and management, when it crashed. As anyone knows, a disruptive tech is a very hard sell, but previous management were about as untrustworthy as you can get, but many (not all) only saw dollar signs instead of investigating their negative history and greed prevailed. And add on top of all that, attacks on a management team exercising heavy control of ownership and all an “investor” is doing is crushing their own investment. There is so much off-base with that source, it’s sad.
Rige
June 1, 2015 at 1:31 pm
So the 1 million dollar raise that old Tommy gave himself would probably be enough to prototype 10 parts for GM or Ford, call up a VP and invite them to the RSM to see them being produced.
But, seems like the insiders are fat and happy living the high life off of shareholders. They’re getting rich anyway so why be in a hurry to get serious production going? Then they just might have to earn their huge compensation.
Non-disclosed
June 1, 2015 at 1:38 pm
That’s EXACTLY what they said about GTAT! Problem is … That’s FAR from all they needed! They also needed:
o integrity
o intelligence
o LOTS of hard work and sweat
o aggressive, cost conscious mgmt
o heavily vested operational team
o yada, yada, yada …
Thus the complete and utter failure to perform. Thus the impossibility of AAPL repeating the mistake with LQMT.
This WILL NOT happen (ok, 99.95% unlikely). If AAPL needs LQMT to step up (for some as yet undefined reason or purpose), they will buy them or, much more likely, shepherd a sale to one of their preferred operation and manufacturing partners. You know, someone who can EXECUTE.
Peter X
June 2, 2015 at 11:38 am
Got the idea that LQMT technology is good for Apple in the sense that is difficult to copy, as soon as Apple is using liquid metal in their products I’m long for the stock. Got the impression that 20M for Apple should be peanuts. As an investor it’s frustrating that no one talks more in detail about the possibilities of those alloys and some foundation to argument its disruptiviness , best regards
Carrie Rivers
June 2, 2015 at 12:06 pm
Great point Peter.
unknown
June 3, 2015 at 3:43 pm
If anyone wants to know what Watts feels about LQMT check out i-hub mssg # 5485 & #5435.
We’ve all been positive and negative about lqmt. Why would he be any different?
KBG
June 30, 2015 at 3:37 pm
Commercially sold products containing Liquidmetal via die casting after IPO in 22002 and prior to 2006:
Biolase Dental Laser http://media.dentalcompare.com/m/25/Product/35045-187×140.jpg
Sandisk Sansa Player http://ecx.images-amazon.com/images/I/41FMVS6DEZL._SY450_.jpg
Sandisk Cruzer Titanium https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSD5ABFx-isO2lxCn4d6ki6nAK-v4zgP5D_eHVvQvdXMUxITZDWgQ
Motorola Pebble http://i.ebayimg.com/00/s/NTAwWDUwMA==/z/OD8AAOSwxH1T6DW5/$_12.JPG
Motorola RAZR 2003 to 2004 https://en.wikipedia.org/wiki/Motorola_Razr
Socketcom (now Socketmobile) Bar Code Scanners http://www.socketmobile.com/home
http://cdn.barcodegiant.com/images/models/lg/Socket/spex-rs5519-1075.jpg
Yada, yada, yada