Clean Vision Corporation, through its subsidiary Clean-Seas, Inc. (C-S), has announced a significant joint venture agreement with the Rob & Melani Walton Sustainability Solutions Service (WS3) affiliated with Arizona State University. This collaboration aims to advance the design, development, and operation of a plastic waste conversion and circular economy project in the Phoenix area, Arizona.
The agreement builds upon the 2022 Memorandum of Understanding (MOU) signed on November 4, 2022, and represents a definitive agreement between the parties involved. C-S has established Clean-Seas Arizona (CSA) to spearhead the development and progression of the project.
The initial phase of the agreement focuses on establishing a 100-tons-per-day (TPD) facility for converting post-consumer plastic feedstock. However, both C-S and WS3 are determined to scale up the facility to 500 TPD, securing additional feedstock from various locations to address the plastic waste crisis in the Western United States. CSA and WS3 envision sourcing waste-plastic feedstock from the Phoenix metro area and neighboring municipalities. They aim to create a facility that not only converts waste plastic but also acts as a cornerstone for a network of clean-hydrogen (AquaH™) hubs located globally. The overarching objective is to divert significant quantities of waste plastic from landfills, oceans, and incinerators, transforming it into valuable clean-energy commodities.
As part of the agreement, both entities will jointly manage the project. CSA estimates that the project’s capital expenditure will amount to $50 million or more.
The collaboration between Clean Vision Corporation’s Clean-Seas, Inc., and WS3 signifies a significant step toward addressing the plastic waste challenge while promoting a circular economy. By developing innovative and scalable solutions for plastic waste conversion, the joint venture aims to make a meaningful impact in reducing environmental pollution and transitioning toward a more sustainable future.