# Clean Vision Corp

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/Clean Vision Corp).

## Overview

Clean Vision Corp is a U.S.-based clean technology company that has shifted from its earlier digital-economy acquisition strategy toward waste-to-value and clean energy projects. Through its subsidiary Clean-Seas, it processes plastic waste using pyrolysis to produce pyrolysis oil, carbon char, and other potential outputs such as clean hydrogen and environmental credits.

## Products & services

• Plastic waste processing and recycling services
• Pyrolysis oil production from plastic feedstock
• Carbon char and other byproducts
• Clean hydrogen concept branded AquaH®
• Environmental credits and equipment sales (planned)
• Waste-to-value project development

- **Plastic waste processing** (60%) — Collection and conversion of plastic feedstock into usable outputs through pyrolysis.
- **Pyrolysis oil sales** (30%) — Sale of liquid output produced from processed plastic waste to industrial off-takers.
- **Project development and consulting** (5%) — Development work tied to new facilities and commercialization of Clean-Seas projects.
- **Environmental credits and equipment** (5%) — Potential future monetization of credits and equipment related to waste-to-value systems.

- Plastic waste processing and recycling services
- Pyrolysis oil production from plastic feedstock
- Carbon char and other byproducts
- Clean hydrogen concept branded AquaH®
- Environmental credits and equipment sales (planned)
- Waste-to-value project development

## Customers

The company currently sells pyrolysis oil to a local oil and gas wholesaler in Morocco, which acts as the off-taker for output from its Agadir plant. More broadly, its addressable customers include waste generators, industrial buyers of recycled feedstocks or fuels, and counterparties that may purchase environmental credits or processing equipment as projects scale.

- **Pyrolysis oil off-takers** (primary) — Industrial fuel buyers that purchase output from the Agadir plant for downstream use.
- **Plastic waste suppliers** (primary) — Entities providing feedstock for processing; the company receives feedstock in Agadir at no cost.
- **Environmental credit buyers** (secondary) — Counterparties that may buy credits generated by recycling and emissions-reduction activities.
- **Project and equipment customers** (emerging) — Potential customers for future facility builds, equipment, or technology deployment.

- Local oil and gas wholesaler buying pyrolysis oil in Morocco
- Waste generators seeking plastic diversion and processing solutions
- Industrial buyers of recycled feedstock-derived outputs
- Potential buyers of environmental credits linked to recycling
- Future equipment customers for waste-to-value systems

## Geography

Operations are centered in Agadir, Morocco, where the company processes plastic waste and sells pyrolysis oil locally. It is also developing Clean-Seas West Virginia in the United States, which broadens its footprint but adds construction, financing, and execution risk.

- **Morocco** (100%) — Current disclosed operating revenue is generated from the Agadir plant.

- Agadir, Morocco is the current revenue-generating operating site
- Pyrolysis oil is sold to a local Moroccan oil and gas wholesaler
- West Virginia is a development site for a future recycling facility
- U.S. corporate base creates exposure to U.S. capital markets
- Geographic expansion increases execution and permitting complexity

## Strategy

Clean Vision is trying to commercialize a waste-to-value platform that turns plastic waste into saleable outputs while positioning itself in clean energy and sustainability markets. Near term, the focus appears to be proving the Agadir model, advancing the West Virginia facility, and building the commercial and financing infrastructure needed to scale.

- **Scale the Agadir operating model** (short-term) — The Morocco plant is the only disclosed revenue source and validates the core technology and economics.
- **Complete and finance West Virginia facility** (medium-term) — A U.S. facility would expand capacity and geographic reach, but requires construction execution and funding.
- **Broaden monetization beyond oil sales** (medium-term) — Environmental credits, hydrogen, and equipment sales could diversify revenue and improve project economics.

- Commercialize plastic-to-fuel conversion using pyrolysis
- Scale the Agadir plant as the operating proof point
- Advance Clean-Seas West Virginia toward production
- Monetize multiple outputs: oil, hydrogen, char, credits
- Use project financing and equity issuance to fund growth

## Risks

The company is highly exposed to project execution risk because it is still early in commercialization and depends on a small number of facilities and counterparties. It also carries meaningful financing and dilution risk, with debt, convertible notes, and repeated equity issuances supporting operations and development.

- **Revenue concentration in one operating plant** [high] — Current disclosed revenue comes from the Agadir, Morocco subsidiary, so any disruption there would materially affect results.
- **Project execution risk at Clean-Seas West Virginia** [high] — The facility is still under development and requires construction, permitting, and financing milestones to reach production.
- **Dilution and capital structure pressure** [high] — The company has issued large amounts of common stock and has convertible notes and revenue-share agreements outstanding.
- **Technology and commercialization uncertainty** [medium] — Pyrolysis economics depend on stable feedstock supply, operating uptime, and reliable output quality and pricing.
- **Counterparty and commodity pricing risk** [medium] — Pyrolysis oil is sold to a local off-taker, so pricing and demand conditions can affect margins and cash flow.

- Single-site revenue concentration in Morocco
- Construction and commissioning risk at West Virginia
- Dependence on external financing and share issuance
- Technology and commercialization risk for pyrolysis
- Commodity and off-taker dependence for output sales

## Accounting

Revenue recognition is tied to the sale of pyrolysis oil and may remain lumpy because the company currently has a very small operating base. Investors should also watch debt discount accounting, convertible note accretion, and non-cash equity issuance, since these items materially affect reported losses and balance sheet presentation.

- **Revenue recognition from pyrolysis oil sales** — Affects reported revenue and gross margin timing
- **Debt discount and loan accounting** — Changes carrying value and effective borrowing cost
- **Convertible notes payable** — Affects leverage, interest expense, and potential dilution
- **Non-cash stock-based and settlement issuances** — Affects operating expenses and share count

- Revenue is currently driven by a single operating subsidiary
- Debt discounts reduce the carrying value of term loan proceeds
- Convertible notes accrue interest at varying rates
- Large non-cash share issuances affect expense and dilution
- Development and consulting costs can swing with project activity

---

*Last updated: 2026-04-28T19:58:07.228064+00:00*
