CLNV - Clean Vision's Clean-Seas Signs LOI to Build and Operate $30 Million Waste Plastic-to-Energy Pyrolysis Plant in Africa; Kinshasa, DRC is Company's First Project in Africa, Its Fourth Continent
03 Août 2021 - 3:30PM
InvestorsHub NewsWire
LOS ANGELES, CA -- August 3, 2021
-- Investorshub NewsWire -- 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 signed a Letter of Intent to
build and operate a waste plastic-to-energy pyrolysis plant in
Kinshasa in the Democratic Republic of Congo (DRC) with a $30
million capex price tag.
Kinshasa is the capital and
the largest city of the DRC with a 2021 population of 15 million.
The DRC Ministry of the Environment estimates that greater than
9,000 tons of municipal solid waste (MSW) is collected and disposed
of daily with this waste being incinerated or dumped in landfills
which are rapidly reaching
capacity.
"We're thrilled to be working
in the DRC," Dan Bates, Clean Vision Chief Executive Officer, said.
"Africa has always been one of our targets and it is now the fourth
continent upon which we have an opportunity to introduce our
services. The potential for this technology is limitless, a
continent with an ample supply of feedstock and a dramatic need for
clean, environmentally friendly power. We believe that once leaders
of other African nations read about our MSW conversion facility
being built, which pays for itself in three years, and solves the
waste plastic and landfill problems while providing clean energy -
our opportunity is practically
unlimited.
"Just as in the west and all
over the world," Mr. Bates added, "Africa's youthful population is
especially sensitive to the ecological impact of waste plastic
which makes the Continent a highly fertile business environment for
our clean tech."
Africa is the world's second
largest and second-most populous continent after Asia. With 1.3
billion people, its population is the youngest amongst all the
continents with a 2012 median age of
19.7.
This agreement is with
Kinshasa-based Hamden Group, a consulting firm that structures
national and municipal infrastructure and other major projects for
public private partnership in DRC. Its Letter to Clean-Seas states
it establishes a 30-year municipal solid waste (MSW) feedstock
agreement, for processing 200 metric tons of MSW per day generated
from the Kinshasa region in the proposed 2-module pyrolysis plant
based on GGII patented
technology.
The LOI continues, we look
forward to "bringing this vital technology to DRC for processing
the MSW in the region to reduce its environmental impact and avoid
the imminent saturation of local landfills." It adds, "The Hamden
Group expects this JV with Clean-Seas to secure the financing for
the 2-module pyrolysis plant to design, construct, commission,
train local staff and operate the pyrolysis plant for the duration
of the 30-year MSW feedstock agreement" and "arrange for all the
off-take agreements."
Clean-Seas is already in
active discussion with suitable investors who are keen on investing
in Africa and financing the first waste plastic-to-energy plant in
Kinshasa.
Commenting on the Agreement,
Manu Mabengo Tsumbu, Hamden Group Managing Director, said, "We were
attracted to the strong financial and environmental benefits this
project offers and by the longstanding track record of the
Clean-Seas team and its proven technology. Further, the Kinshasa
government has requested that this pyrolysis plant be scalable -
and we're impressed that Clean-Seas has assured us this is
seamlessly achievable through the plant's modular
design."
The first phase of the plant's
specifications is to provide for the daily conversion of 200 metric
tons of MSW, out of the 9,000 tons collected, into: 96 MWh of
electricity, 15,000 liters of clean burning diesel fuel, 3,500
liters of industrial lubricants, and three metric tons of char.
Additionally, it will generate 70,000 metric tons of carbon credits
per year as well as about 100 good paying local
jobs.
The deal is being managed by
Clean-Seas' representatives, Mr. Venkat Kumar Tangirala and Mr.
Srinivas Sharma.
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. To view CEO Dan Bates' July 21 investor presentation
delivered at the Emerging Growth Conference, click
on: https://youtu.be/Iywz3YnCRdg.
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
Investors:
Frank
Benedetto 619-915-9422
Twitter: @CleanVisionCorp
SOURCE: Clean Vision
Corporation
Clean Vision (QB) (USOTC:CLNV)
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