Clean Vision's Clean-Seas
Subsidiary and Roselle Capital Establish JV to Deploy Clean-Seas'
Waste-Plastic Tech Solutions in SE Asia and Region; The Companies
have Submitted Proposals to Malaysian and Georgian Governments,
Targeting a $7 Billion Asian Market
LOS ANGELES, CA and LONDON, ENGLAND -- July 7, 2021 --
InvestorsHub NewsWire -- Clean Vision Corporation
(OTC
PINK:CLNV), a holding company that acquires and operates
sustainable clean tech and green energy businesses, today announced
that its Clean-Seas subsidiary has established a joint venture (JV)
with London-based Roselle
Capital in which both parties will collaborate to deploy
Clean-Seas' pyrolysis technology in Asia to convert waste plastic
into valuable commodities and/or clean energy.
With deep ties to Asian governments and private sectors, Roselle
Capital is an independent private equity and capital formation
boutique that focuses on brokering Asian and Western strategic
deals. Roselle is leading the development of Sabah Wellness Place
medical facilities which are designed to be self-sustaining to
include green energy and value-added plastic waste conversion. The
Firm is actively developing a Sabah Wellness Place in Sabah,
Malaysia and in the Caucasus nation of Georgia amongst other
locations.
JV Terms
Under the terms of the definitive JV agreement, Roselle has
requested Clean-Seas to develop proposals to implement its
pyrolysis technology for Malaysia and Georgia for installation in
Sabah Wellness Place clinics as well as elsewhere in those
countries.
Clean-Seas submitted its initial proposal to the Malaysian State
Government in 2020 but it was put on hold due to Covid
restrictions. Today, that proposal and a similar proposal for the
government of Georgia have been submitted, updated, are under
active discussion toward finalizing details expected to lead to
definitive engagements facilitated by Roselle. Upon the Clean-Seas'
proposals being accepted, Roselle shall provide financing for the
projects and the two parties will share in the projects' profits
equally.
Commentary
Commenting on the JV, Dan Bates, Chief Executive Officer, Clean
Vision, said, "We've long been intent on penetrating the projected
$7 billion Asian marketplace with our industrial-scale pyrolysis
tech plants that convert waste-plastic into valuable commodities
and/or green energy. We submitted a preliminary proposal to
Malaysia last year when the pandemic hit. I'm relieved to report
that today we have a clear path to pursue the business
opportunities in both Malaysia and Georgia.
"With global commerce and travel re-opening, and with Roselle
well incented to finance and help shepherd our proposals in Asia
through to fruition, 2021 is quickly shaping up to be a breakout
year. Additionally," Mr. Bates said, "Our Clean-Seas new business
initiative in New England is continuing to gain traction."
Shaun Wootton, a senior principal of Roselle Capital, said,
"Countries such as Malaysia and Georgia are quite sensitive to
their environment as it plays an important role in both countries'
growing eco-tourism business and tourism overall. Accordingly, the
ability to build plants that convert waste plastic into commodities
or energy - with a solid ROI and short payback period - makes doing
business with Clean-Seas a win-win proposition.
"Roselle has ‘boots on the ground' and strong connections with
governments of both countries and is as optimistic for getting
Clean-Seas' pyrolysis plants built as we are for our Sabah Wellness
Place medical initiative, and others like it, that we expect to
roll out elsewhere in Asia," he added.
Asian Plastic Waste-to-Energy Marketplace
The Asian waste-plastic pyrolysis market opportunity is both
timely and vast. According to a UN report dated
Dec. 7, 2020: In the context of plastic waste, the 3R
Declaration of Asian Mayors in April 2018 stated, "Strive towards
complete ban of illegal disposal of plastics in eco-sensitive or
eco-fragile areas, including tourist areas close to oceans, rivers,
lakes, wetlands, other water bodies and mountains."
A McKinsey and
Company report states, "Plastics reuse and recycling could
generate a profit-pool growth of as much as $60 billion for the
(global) petrochemicals and plastics sector, a fourfold increase
over what is achieved today." Asia is the second largest region at
12.1% ($7.26 billion), behind only China and twice that of North
America. Of that global market, pyrolysis represents the largest
process segment at 25.4%, over twice that of next-place monomer
recycling.
About Clean Vision Corporation
Clean
Vision is a public company that acquires and operates a
portfolio of synergistic companies in the sustainable clean
technology and green energy sectors. For more information, visit:
cleanvisioncorp.com
About Clean-Seas, Inc.
Clean-Seas, Inc. provides efficient and cost-effective
technology solutions that address the global waste plastic crisis
as well as creating economic opportunity and social benefit in
emerging and developed economies across the world. It offers "best
in class" full solution's provider sourcing and deployment of the
latest technologies for waste-to-energy recycling, securing
feedstock and off-take agreements.
The Company expects to develop socially impactful programs,
improving quality of life, and conforming to the United Nations
Sustainable Development Goals (SDG). Clean-Seas is driven by the
3P's, People, Planet and Profit. For more information,
visit: clean-seas.com/
About Roselle Capital
Roselle Capital is an independent Private Equity brokerage,
capital introduction boutique with expanded sector coverage and a
focused approach. With a global network of wealth managers, family
offices, investment companies, enterprises and UHNW, Roselle
provide tailored solution to our clients. For more information,
visit: rosellecapital.com.
Safe Harbor Statement
This press release may include forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company assumes no duty to update its
forward-looking statements.
Contact
Clean Vision Corporation
Dan Bates, CEO
d.bates@cleanvisioncorp.com
Roselle Capital
Shaun Wootton
shaun@rosellecapital.com
+44 7919 892223
www.rosellecapital.com
Investors:
Frank Benedetto 619-915-9422
Twitter: @CleanVisionCorp
SOURCE: Clean Vision Corporation
Originally published on Accessswire - https://www.accesswire.com/654425/Clean-Visions-Clean-Seas-Subsidiary-and-Roselle-Capital-Establish-JV-to-Deploy-Clean-Seas-Waste-Plastic-Tech-Solutions-in-SE-Asia-and-Region-The-Companies-have-Submitted-Proposals-to-Malaysian-and-Georgian-Governments-Targeting-a-7-Billion-Asian
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