Clean Vision Corporation (OTCQB: CLNV), a company focusing on sustainable clean technology and green energy sectors, has announced that its wholly owned subsidiary, Clean-Seas, Inc. (“Clean-Seas”), has successfully completed the acquisition of a 51% interest in Ecosynergie Group. The latter is a company that focuses on sustainable products and solutions based in Agadir, Morocco.
After the acquisition, Ecosynergie Group has been renamed Clean-Seas Morocco, LLC. This new entity is expected to process 120 tons per day of pyrolysis waste-plastic at its Agadir facility starting in October 2023.
Lately there is has been a lot of interest into Morocco’s potential in green energy. Recently a Chinese company announced a moratorium for Hydrogen conversion in Morocco. This comes amid renewed interest in sustainable energy of North African sources from Europe. Morocco has invested heavily in clean energy. The country has opened the largest concentrated solar power plant in the world and is now attracting interest from European leaders as a straightforward way to secure large amounts of green power.
Clean-Seas Morocco is expected to serve as a Plastic Conversion Network (“PCN”) hub and will concentrate on the collection of waste plastic sourced from North Africa and the European Union. The waste will then be converted into a sustainable green energy source. This acquisition is a significant milestone for Clean-Seas and will help expand operations in North Africa, which is a critical and strategically important area for waste plastic collection and conversion.
Clean-Seas Morocco will start operating with a processing capacity of 20 TPD by the end of the second quarter of 2023. The company’s first 10-TPD unit produced over $25,000 in revenue in January and February 2023, and management expects production to double in May, with the second 10-TPD unit to begin operation in the coming weeks. After the acquisition, Clean-Seas Morocco acquired two new 50-TPD units which are expected to expand its capacity to 70 TPD by June 2023 and 120 TPD by September 2023. The company expects that Clean-Seas Morocco’s capacity will further scale up to 500 TPD over the next 2-3 years.
Clean-Seas Morocco plans to leverage Ecosynergie Group’s existing infrastructure and expertise in sustainability and plastic waste management to create a sustainable and efficient waste management system in North Africa. The hub will also serve as a platform for Clean-Seas to expand its operations in the region and create new opportunities for growth.