CLNV Stock – Turning Plastic Into Clean Energy

CLNV Stock

With the goal of reducing greenhouse gas emission, Clean Vision Corporation (OTC: CLNV) acquires companies and technologies that could substantially impact the green economy. As the company is working to set up a global network for converting plastic into energy, CLNV stock has landed in the spotlights after announcing an MOU with the Rob and Melani Walton Sustainability Solutions Service. Since this deal could provide the company with $50 million to establish a facility in Arizona, CLNV stock could be poised for substantial growth in the long-term. Considering that most of the company’s plants will be ready for production in late 2023, CLNV stock could be one to invest in for the long-term.

CLNV Stock News

Clean-Seas

As the company’s main subsidiary, Clean-Seas, Inc. is looking to reduce plastic pollution by implementing carbon-negative technologies throughout the world. To achieve this vision, the company is developing its patent pending Plastic Conversion Network (PCN) which aims to convert plastic waste into branded clean hydrogen – AquaH. Looking to expand this network’s reach, Clean-Seas has binding term sheets in place with companies across the world to develop commercial scale waste plastic-to-energy pyrolysis plants including Puerto Rico, Morocco, Turkey, and France – with ongoing operations in India.

With this in mind, the Moroccan plant is the most advanced out of these deals as it started operating at the beginning of November. This plant was established as a result of Clean-Seas’ agreement with ECOSYNERGIE (ESG) which already owned two 10 ton per day pyrolysis units. As the plant is now operating, it managed to generate $50 thousand in revenues while using only 1 pyrolysis unit. Since the second unit is expected to be installed in the coming weeks, the plant could double its revenues with the expanded capacity. Given the potential profitability of this facility, Clean-Seas is working extensively to acquire a majority stake in the facility to become compliant with Moroccan laws. Based on this, CLNV stock could be one to watch in anticipation of this deal to be completed.

As for its other facilities, CLNV is currently exploring non-dilutive financing options to raise the required capital to bring in and install the equipment to operate these facilities. With this in mind, CLNV is currently in talks with ESG funds interested in financing the company’s entire portfolio of facilities in exchange for a share in each project. If the company successfully raises the required capital, CLNV expects to realize $60 million in revenues within 12 months of receiving the funding while projecting revenues of $576 million after 5 years. In light of this, CLNV stock could be one to hold onto for the long-term as it could be poised to explode in the future.

Meanwhile, Clean Seas has been showing its potential in the US market as the subsidiary signed an MOU with Arizona State University’s Rob and Melani Walton Sustainability Solutions Service (RMWSSS). According to this agreement, Clean-Seas will establish a waste plastic to clean hydrogen conversion facility in Phoenix, Arizona. At the same time, RMWSSS will provide Clean-Seas with a $50 million investment to develop the facility in addition to scholarly, technical, and sustainability advisory services as well as relationships to advance the venture. Given that this facility is expected to convert more than 850 thousand tons of plastic over its 25-year life span, CLNV stock could be a profitable investment in the long-term.

Since this deal could be pivotal for the company’s future prospects, CLNV is looking to close this deal as quickly as possible. Based on this, the company is working to finalize a draft of a PR this week for RMWSSS and ASU to announce the MOU from their end. As the company is looking to enter a final agreement by December 15, CLNV stock could witness an influx of new investors given the significance of being associated with the Walton Family and ASU. For this reason, CLNV stock could be poised to surge once this deal is finalized. 

In addition to this MOU, Clean-Seas entered into an LOI with MacVallee LLC. to establish a co-located facility in Massachusetts to convert post-industrial and ocean-bound plastic from landfill and incineration. This plastic would then be converted into AquaH, precursors for new plastics, ultra-low sulfur fuels, and pyrolysis oils. Through this deal, Clean-Seas expects to process 50 tons per day initially with the potential to expand the facility to convert 500 tons per day of waste plastic. To facilitate this project, CLNV expects to raise $20 million in equity and debt to support projected revenues of $7 million annually. As the company expects to begin operations in this facility in early 2024, CLNV stock could be a smart long-term investment at its current PPS.

EcoCell

In addition to the Clean Seas subsidiary, CLNV is operating in the lucrative hydrogen generation market through its subsidiary EcoCell. CLNV has been able to venture into this promising business line through the technologies available at its India plant. Through this subsidiary, CLNV is looking to convert mixed plastic waste to produce hydrogen and store it within its advanced fuel cell technology. With this in mind, CLNV optioned this technology from Kingsberry Power to showcase its ability to store AquaH which further enhances the company’s potential in the green economy.

Through its partnership with Kingsberry, EcoCell completed the architecture design for its hybrid hydrogen-based fuel cell electric power system which aims to provide clean multi-fuel hydrogen power. This fuel cell has several applications in various industries including marine auxiliary mobility, EV charging stations, electronic data centers, as well as primary and backup power for consumer and military deployments. Based on this, EcoCell could provide CLNV with major revenues thanks to the various uses of the fuel cell.

Currently, the fuel cell is in prototyping which the company expects to be completed by late December or early January.  After the prototype is ready, CLNV intends to bring it to India where it has lined up a contract manufacturer who will start scaling its production to offer the fuel cell to customers in India. Since the fuel cell could witness high demand in the Indian market, CLNV could be poised to bolster its financials once the fuel cell is available in markets.

Potential Deals

Meanwhile, CLNV could be prepared to announce a number of lucrative deals in the future thanks to the presence of its board member Michael Dorsey in the COP 27 representing ASU and the Walton Foundation. With this in mind, CLNV’s CEO Dan Bates hinted that there could be news on the way in a recent interview, however, he could not share the news as the information is not public yet. If the company has truly secured a deal through Dorsey’s presence in COP 27, CLNV stock could be poised to soar as such a deal could be extremely profitable.

Uplisting & Dual Listing

Given that the company has substantial growth potential, CLNV is working to uplist to the NASDAQ by late Q1 or early Q2 2023 to attract institutional investors to the company. In this way, CLNV would be able to raise capital without diluting its shares which is a bullish sign of the company’s focus on adding value to its shareholders. As an uplisting to the NASDAQ holds major benefits for the company, CLNV is currently working to file a Form S1 with the SEC to become fully reporting to make an uplisting possible. 

However, since CLNV’s PPS is short of the NASDAQ minimum listing requirement of $4, the company intends to increase its PPS organically before effecting a small reverse split to allow it list on NASDAQ. In light of the company’s commitment to increase its shareholders’ value, CLNV stock could be one to buy now before its upcoming catalysts take place. 

At the same time, CLNV is working to dual list on a blockchain exchange to combat the short selling activity the stock is witnessing. In this way, CLNV’s shares would be put on a ledger enabling it to reduce the impact of short selling on its PPS. With this in mind, CLNV would have to become a fully reporting company first to become an eligible candidate for dual listing on a blockchain exchange. As the company is already committed to becoming fully reporting to facilitate its NASDAQ uplisting, CLNV stock could be poised to explode in 2023 – making its current PPS an attractive investment opportunity.

CLNV Stock Financials

According to its Q3 report, CLNV has $1.1 million in assets including only $2.8 thousand in cash. Meanwhile, CLNV has $1.3 million in liabilities – all of which are current. Since the company is yet to reach a definitive agreement for any of its ventures, CLNV has not reported any revenues. However, the company incurred operating costs of $846.4 thousand – leading CLNV to report a net loss of $869.2 thousand. Despite these poor financial results, CLNV appears to be poised to receive a major boost in its revenues and cash balance once it manages to receive the capital it needs to advance its various plants throughout the world.

Media Sentiment

@nxtplse is accumulating shares of CLNV stock at its current dip.

Technical Analysis

CLNV stock chart

CLNV stock is currently trading at $.0413 and has supports near .0396, .0247, and .0193. The stock also shows resistances near .0653 and .1010. Since announcing the MOU with ASU’s RMWSSS, CLNV has been gaining momentum and has soared more than 230%. Considering that the company has a number of upcoming catalysts in the coming months – most notably its anticipated NASDAQ uplisting, CLNV could be poised to reach new highs. 

While the stock has dropped significantly since its run to $.10, CLNV recently tested a major support which is a pivotal price level to watch for investors looking to enter a position in the stock. If CLNV bounces successfully off this support, investors could enter a position for a retest of the 50 MA resistance. However, if the support fails to hold, a good entry point could be on retests of the 200 MA support to secure cheap shares for a potential run in the coming months once the company’s catalysts play out.

CLNV stock chart

As the stock recently reached a new 52-week high, profit taking appears to have taken place as accumulation is on a steep downward trend and the MACD is bullish. With this in mind, the RSI cooled off significantly from 81 to 37 which could be a signal of another run in the near term. As for its share structure, CLNV has an OS of 358.4 million and a float of 302.2 million.  

CLNV Stock Forecast

With LOIs signed for several plastic waste conversion plants globally, CLNV has the potential to become a major player in the green economy once it receives the required capital to start operations in these locations. Considering the company’s promising business direction, CLNV has been able to attract a major investment from ASU’s RMWSSS to establish a plastic conversion plant in Arizona. Given the significance of this $50 million investment, CLNV stock could be poised to soar once a final agreement is reached with MRWSSS. On that note, an agreement could be coming soon as CLNV expects to close the deal by December 15 – making CLNV stock one to watch closely over the coming weeks.

Meanwhile, investors are bullish on CLNV’s plan to pursue a NASDAQ uplisting by Q2 2023. Since an uplisting could provide the company with a plethora of financing opportunities, CLNV could be well-positioned to start operations in its plants across the world. Based on this, CLNV appears to be set for substantial growth in the coming years. At the same time, CLNV is emerging as an intriguing investment to the management’s interest in protecting shareholders’ value. With this in mind, CLNV intends to pursue a dual listing on a blockchain exchange once it becomes fully reporting with the SEC and has no plans to dilute its shares in the meantime. In light of this, CLNV stock could be one to hold onto for the long-term.

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