Clean Vision Corporation (OTCMKTS:CLNV) Stock On Watchlist After Announcing Fully Executed Agreements
The sustainable green energy and clean energy sectors are primed for growth and one of the companies that you could consider looking into at this point is Clean Vision Corporation (OTCMKTS:CLNV). This morning the company made an announcement with regards to major agreements signed by its fully owned subsidiary Clean Seas Inc.
Trading Data
On Tuesday, CLNV stock slumped 1.50% to $0.0557 with more than 1.77 million shares, compared to its average volume of 6.88 million shares. The stock moved within a range of $0.0552 – 0.0600 after opening trade at $0.0571.
Clean Vision Announces Fully Executed Agreements Pursuant to $20M Michigan Pyrolysis Joint Venture Project
The company announced that the subsidiary went into feed stock and site lease agreements with regards to its Western Michigan joint venture valued at $20 million. In the aforementioned joint venture, NuWay Go Recycle Center LLC would be a partner and would be involved in the creation of Clean Seas Newaygo.
Experts at Clean Seas Newaygo projected that it eventually would divert up to as much as 500 tons per day worth of plastic waste from incineration or landfill. The first phase of the project commands a budget of as much as $20 million at this point in time. The funding for the same would be raised both through debt as well as equity and that is something that investors ought to keep an eye on over the coming days. It may be a good idea for investors to add the Clean Vision stock on to their watch lists over the coming days.
