Clean Vision Corporation (OCT:CLNV) Announces New Clean-Seas Initiative in West Virginia
The plastic recycling and clean fuel development leader Clean Vision Corporation (OCT:CLNV) could be one of the companies to follow at this point in light of its announcement yesterday. Yesterday, the company made a major announcement about a new initiative from Clean-Seas West Virginia, its fully owned subsidiary unit.
New Construction
In the news release, Clean Vision Corporation announced that Clean-Seas West Virginia had started work on the construction of a PCN (plastic conversion network) in Belle, West Virginia. It was further noted that the facility in question would also play a major role in the realm of taking care of the issue of plastic waste, and at the same time, it would also generate solutions that could be sustained over the long term. Initially, the facility would process 50 tons of plastic feedstock a day at the 60,000-square-foot renovated facility.
Further Information
However, more importantly, Clean Vision Corporation also noted that the facility would also be scaled up over time. Crews have begun working on the upgrade of the core infrastructure at the plant, like drainage, power, water, and safety and environmental systems, among others.
CEO Quote
“Today marks a major milestone in the growth of our company,” said Dan Bates, CEO of Clean Vision Corporation. “Breaking ground on the West Virginia facility has been highly anticipated, and we are eager to see this project come to fruition. This progress should be exciting not only for our shareholders and supporters but also for the new employees we will be bringing on in West Virginia.”
Technicals
| +/- EMA(20) | 0.0167 (-13.17%) |
| +/- SMA(50) | 0.0181 (-19.89%) |
| +/- SMA(200) | 0.0186 (-22.04%) |
| 5-Day Perf. | -14.2% |
| 1-Month Perf. | -24.87% |
| 3-Month Perf. | -25.64% |
| 6-Month Perf. | +11.54% |
| YTD Perf. | -19.44% |
| 1-Year Perf. | -57.1% |
| RSI(14) | 38.99 |
| ATR(14) | – |
| ADX(14) | 9.34 |
| Beta (5Y) | -0.16 |
