Clean Vision Corporation is a clean energy and waste to energy company that focuses on converting plastic waste into saleable byproducts using pyrolysis technology. The company aims to upcycle land based plastic before it reaches oceans, producing clean fuels, hydrogen and carbon char. It operates through its wholly owned subsidiary Clean Seas, which develops pyrolysis facilities and related services worldwide. Clean Vision was formed to address the growing challenge of plastic pollution and to create value from waste streams that would otherwise be landfilled or incinerated. By locating conversion sites close to sources of plastic feedstock, the firm seeks to reduce transportation costs and environmental impact while generating revenue from multiple product lines. The firm’s mission is to aid in solving the problem of cost effectively upcycling the vast amount of plastic feedstock generated on land before it flows into the world’s oceans. Using a technology known as pyrolysis, which heats the feedstock at high temperatures in the absence of oxygen so that the material does not burn, the company turns plastic into clean fuels, clean hydrogen and carbon black or char. Clean Seas, the operating subsidiary, was incorporated in 2020 and became the wholly owned unit after Clean Vision acquired it in May 2020.
Clean Vision generates revenue from four main streams. First, it receives service fees for accepting plastic waste from suppliers, municipalities or industrial generators, often in the form of reduced or waived tipping fees. Service revenue is recognized upon receipt of feedstock at one of the company’s facilities. Second, it sells commodities such as pyrolysis oil, fuel oil, lubricants, synthetic gas, hydrogen and carbon char produced at its pyrolysis facilities. The company is in negotiation with chemical and oil companies for purchasing or off taking the fuels and oils it produces. Commodity sales are recognized upon shipment or when off takers prepay for contractual volumes. Third, it monetizes environmental credits including carbon, plastic and biodiversity credits derived from its recycling activities. These credits may be monetized directly on relevant markets or realized as value added to off takers who pay a premium for eligible products. Credit revenue is recognized when the credits are sold on recognized markets or when they are bundled with commodity sales as a premium. Fourth, it earns royalties and equipment sales from its exclusive licensing agreement with Kingsberry Fuel Cell, Inc. for fuel cell technology, which includes upfront payments, ongoing royalties and service fees. Since commencing operations in April 2023, Clean Seas Morocco has generated $488,454 in revenue, with a gross margin of $382,398.
Clean Vision operates in a competitive clean energy and waste to value industry that includes many established pyrolysis and alternative fuel providers. The company differentiates itself through an experienced management team with renewable energy background, a pilot research and development project in India that began operations in 2022, early revenue generation from its Morocco facility, and state level incentives such as the West Virginia bridge loan. Its patent pending Plastic Conversion Network seeks to connect plastic feedstock sources with conversion facilities globally, and its proprietary AquaH® hydrogen production offers a unique product positioned between blue and green hydrogen. While competitors may possess greater financial resources, Clean Vision relies on technology uniqueness, proximity to feedstock and strategic partnerships to maintain its position. The firm also points to the large market opportunity for effective plastic waste solutions, driven by rising global plastic production and increasing demand for low carbon fuels and hydrogen. Clean Vision has entered into contracts, letters of intent and or joint venture agreements for the development of facilities in Morocco, India, West Virginia, Arizona, Massachusetts, Michigan, Puerto Rico, France, Turkey and Sri Lanka. These agreements support its strategy to build a network of conversion sites that are close to plastic feedstock sources.
The company serves municipalities, waste management firms, industrial plastic generators, chemical and oil companies seeking feedstock or fuels, off takers for environmental credits, and technology licensees. Specific partners noted include Arizona State University and its Walton Sustainability Solution Services, which collaborate on a plastic to hydrogen facility in Phoenix. MacVallee provides feedstock logistics for several projects, including the West Virginia and Massachusetts sites. A local oil and gas distributor in Morocco has an off take agreement for fuels produced at the Clean Seas Morocco facility. The Council of Scientific and Industrial Research’s Indian Institute of Chemical Technology works with Clean Seas India to test and scale pyrolysis technology. Kingsberry Fuel Cell, Inc. supplies the fuel cell intellectual property that Clean Vision licenses for royalty and equipment sales. These relationships give Clean Vision access to feedstock, technical expertise, distribution channels and potential customers for its products. In addition, the company works with government agencies and industrial groups that require disposal of plastic waste and are willing to pay service fees or share in revenue from products derived from their feedstock.