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 joined the Cape Cod Chamber of Commerce as it pursues its previously announced proposal to finance and build a commercial-scale waste plastic-to-energy pyrolysis plant.
Recognizing the value of Cape Cod’s water-based economy (tourism, commercial and recreational fishing, aquaculture and recreation), the Chamber founded the Blue Economy Project, with a specific focus on the challenges and opportunities presented by the region’s special relationship with the ocean and with its limited fresh water supply. Through its Sustainable Economic Development Pillar (SEDP committee), the Chamber supports a balanced, stable and reliable energy portfolio for the Commonwealth that is cost-competitive, environmentally responsible and supports the resiliency of coastal regions.
Massachusetts generates more than 600,000 tons of plastic/year, according to its Department of Environmental Protection, and it is estimated that the Cape alone generates more than 40,000 tons of waste plastic/year, excluding deposit bottles and plastics that enjoy a strong if incomplete recycling market. Clean-Seas estimates that amount of plastic could be converted to over 5 million gallons of ultra-low-sulfur diesel, with a value of over $10 million annually, thereby off-setting 440,000 barrels of crude oil exploration, transportation and production.
Commenting on Clean-Seas’ Chamber membership, John Yonce, Clean-Seas Director of Business Development, said, “As a Cape Cod native, I’m deeply gratified to have recently joined the SEDP to support its work – which is entirely complementary to that of Clean-Seas’ mission of preventing and removing waste-plastic streams from the environment. Our membership serves as a platform to honor our pledge of transparency and collaboration with our host communities.”
The Cape, and much of the region, has recently begun paying a tipping fee of nearly $100 per ton to transport its municipal solid waste, particularly waste plastic, elsewhere. Cape Cod has requested proposals to solve its waste plastic problem and converting it into green energy and revenue is a major added value.
Dan Bates, Clean Vision Chief Executive Officer, commented, “The Cape’s pristine environment is spectacular, and we are as passionate about the transformative ecological benefit we bring as well as the win-win business model we offer. Cape Cod is spending millions of dollars to take out the trash vs. collecting millions of dollars as the latest pyrolysis technology now enables. We applaud the environmentally conscious Cape’s public officials for pursuing a lasting, economical solution.”