16 December 2025
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
Clean Vision Corp
CIK: 1391426•2 Annual Reports•Latest: 2025-04-15
10-K / April 15, 2025
Revenue:$231,000
Income:-$14,003,195
10-K / August 19, 2024
Revenue:$257,414
Income:-$12,151,850
10-K / April 15, 2025
Company Summary: Clean Vision Corporation
Overview:
- Industry Focus: Clean energy and waste-to-energy industries concentrating on sustainability and plastic waste recycling.
- Core Technology: Pyrolysis — heating plastic waste at high temperatures without oxygen to convert it into saleable byproducts.
Business Operations:
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Main Focus: Solving plastic waste pollution by converting plastic into valuable products:
- Precursor chemicals for new plastics
- Clean fuels (e.g., pyrolysis oil)
- Hydrogen (branded as AquaH®, trademark issued Nov 8, 2023)
- Carbon black/char, used in various industrial applications
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Revenue Streams:
- Recycling services: Accepting plastic waste, often at no cost or reduced tipping fees, potentially sharing revenue from byproducts.
- Sale of commodities: Selling pyrolysis oil, fuels, lubricants, synthetic gases, hydrogen, and char (recognized upon shipment).
- Environmental credits: Trading carbon credits, plastic credits, biodiversity credits; revenue recognized upon sale.
- Royalties and equipment sales: Licensing proprietary fuel cell technology (Kingsberry license) and manufacturing/selling pyrolysis equipment.
Key Operations & Locations:
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Employees (as of December 31, 2024): 38 total
- 7 in India
- 18 in Morocco
- 1 in the UK
- 12 in the US
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Subsidiaries & Projects:
- Clean-Seas: Main operating entity; acquired first pyrolysis unit in Nov 2021 in Hyderabad, India; operational in May 2022.
- Clean-Seas Morocco (formerly EcoSynergie): Acquired 51% interest in April 2023; began pyrolysis operations in Agadir, Morocco with capacity for 20 TPD of plastic waste.
- U.S. Locations:
- West Virginia: First U.S. PCN (Plastic Conversion Network) project, scheduled to be operational Q3 2025, converting 50 TPD initially.
- Arizona: Planned to establish a feedstock to hydrogen facility, expected to process 100 TPD starting in Q4 2024 (now expected Q4 2025), potential for 500 TPD, powered by renewable energy.
- Massachusetts: Planned co-located facility to produce precursors, fuels, and hydrogen.
- Puerto Rico: Joint venture for plastic pyrolysis; plans to serve the Caribbean and southern US.
- France, Turkey, Sri Lanka: International projects under development or delay.
Revenue & Financials:
- 2024 Revenue: ~$231,000 (from Morocco operations, mainly sale of pyrolysis products)
- 2023 Revenue: ~$257,000
- 2024 Net Loss: approx. $14 million (specifically $14,003,195 after non-controlling interests)
- 2023 Net Loss: approx. $14.27 million
- Employees: 38 (as of December 31, 2024)
- Current Stockholders: Approximately 171 record holders of common stock
- Market Capitalization: Estimated at ~$11.84 million based on June 28, 2024, stock price ($0.0182 per share)
Business Goals:
- Expand pyrolysis facilities globally, especially in Morocco, India, and the U.S.
- Build additional Plastic Conversion Network (PCN) sites in multiple countries.
- Generate revenue through recycling services, commodity sales, environmental credits, and licensing.
- Develop proprietary technologies, including software connecting waste sources to processing facilities.
Summary:
Clean Vision develops and operates pyrolysis-based facilities to recycle plastic waste into fuels, hydrogen, and char, aiming to address environmental plastic pollution while generating multiple revenue streams. The company operates globally, with ongoing projects and planned facilities in the U.S., Morocco, India, and Europe. As of the latest reported period, it has a small staff and has yet to become profitable, incurring significant losses.
