other material
confidence high
sentiment positive
materiality 0.55
Clean Vision subsidiary signs $50M waste plastic-to-green hydrogen facility agreement with ASU
Clean Vision Corp
- Clean-Seas forms Clean-Seas Arizona with ASU's Walton Sustainability Solutions Service.
- Initial 100 TPD facility scalable to 500 TPD, estimated $50M+ capital expenditure.
- Clean-Seas contributes management, IP license; WS3 contributes technical services, permits, land, models.
- Facility aims to divert 850,000 tons of waste plastic over 25 years, supporting Phoenix zero-waste goals.
- Agreement follows earlier MOU (Nov 2022) and Morocco facility purchase (April 2023).