Clean Vision (OTCQB: CLNV), a pioneer in plastic recycling and sustainable fuel advancement, disclosed the formation of a fresh subsidiary named Clean Seas Partners UK Limited (CS UK) on December 12. According to the official statement, the company revealed its establishment of CS UK with the objective of deploying waste plastic conversion facilities across Southeast Asia, the European Union, and Eastern Europe. This strategic move positions the company to persist in its mission of addressing the challenge of upcycling substantial volumes of land-based plastic waste before it reaches the oceans.
Clean Vision Corporation announced that its recently established subsidiary, Clean Seas Partners UK Limited (CS UK), will utilize the Plastic Conversion Network (PCN) to expand its existing array of facilities. Notably, CS UK is poised to play a pivotal role in attaining recognition as an ESG (environmental, social, and governance) company. This acknowledgment is crucial for potential funding, particularly in relation to the previously declared green bond offering. Clean Vision Corporation disclosed its anticipation of raising up to $340 million through the green bond offering.
Shaun Wooton, the Managing Director of Clean Vision Corporation and Executive Director of Asia, is set to lead CS UK. The subsidiary will leverage its established robust connections in Southeast Asia, the Middle East, and Europe to drive a favourable environmental influence. This positive impact will be achieved through strategic project development and the facilitation of investments.
The company emphasized that CS UK, in collaboration with Clean Seas Inc., a wholly owned subsidiary of Clean Vision Corporation, will play a significant role in transforming plastic feedstock into sustainable fuels. These clean fuels encompass AquaH, the branded green hydrogen by Clean Vision Corporation. CS UK is poised to contribute to the global initiative for plastic circularity, simultaneously aiding in the reduction of greenhouse gas emissions.
The establishment of CS UK was seen as a significant stride, reaffirming Clean Vision Corporation's dedication to fostering positive global change. The company also declared its determination to enhance the governance and strategic acumen of CS UK by initiating the formation of a highly capable board. This board would comprise individuals with esteemed international standing in the realms of energy, banking, and sustainability.
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