Clean Vision Corporation (OTC:CLNV): West Virginia Economic Development Authority Backs a $15 Million Loan Guarantee

The company, which is an emerging leader in the fields of advanced clean fuel development and plastic recycling, was in focus yesterday, and it could be a good time to take a closer look at the development. Clean Vision Corporation (OTC:CLNV) announced yesterday that it had been awarded approval by the West Virginia Economic Development Authority for its $15 million loan guarantee. It was a significant new development for the company and one that could have far-reaching consequences for its business.

In the news release, it was noted that Clean Vision Corporation would use the loan guarantee to speed up the development of its first United States-based PCN (Plastic Conversion Network) plan in Quincy. It was revealed that once the plant became operational, it deployed pyrloysis technology, by way of which it would convert plastic feedstock and waste plastic into clean fuels.

Those fuels would, in turn, be used to make precursors for new plastic products and create a circular economy loop. However, that was not all. It was also announced yesterday that Clean Vision also had plans to produce clean hydrogen at the facility in Quincy. That would help the company accelerate the vision for West Virginia to eventually become a clean energy state.

It was noted that the company’s subsidiary unit, Clean Seas, currently had a pair of PCN facilities in operation. One of those was in Morocco, and the other was in India. The Governor of West Virginia, Jim Justice, and his administration had been key to the whole project. Clean Vision noted in its news release that the commitment of the administration to turning West Virginia into a clean energy hub had played a major role in gathering the necessary support for the project. It may be a good time to keep an eye on the stock.