None (CLNV)

$0.0219
+0.00 (1.39%)
Market Cap

N/A

P/E Ratio

N/A

Div Yield

0.00%

Volume

1M

52W Range

$0.00 - $0.00

Clean Vision Corporation: Pyrolysis Powering a Circular Economy Amidst Capital Challenges (OTCQB:CLNV)

Executive Summary / Key Takeaways

  • Waste-to-Value Pioneer: Clean Vision Corporation is strategically positioned in the rapidly expanding waste-to-value and clean energy sectors, leveraging proprietary pyrolysis technology to convert plastic waste into valuable byproducts like low-sulfur fuels, AquaH hydrogen, and carbon char.
  • Strategic Expansion & Operational Milestones: The company is actively scaling its operations with facilities in Morocco (currently generating revenue), and significant projects underway in West Virginia (expected Q4 2025) and Arizona (expected Q4 2026), aiming for substantial capacity expansion.
  • Technological Differentiator: CLNV's pyrolysis technology offers a solution to the global plastic waste crisis by upcycling waste into saleable commodities, with a long-term vision for integrated value chains and off-grid, renewable-powered facilities.
  • Significant Financial Hurdles: Despite operational progress and revenue growth in Q2 2025, the company faces substantial financial challenges, including an accumulated deficit of $52.49 million, ongoing net losses, and a "going concern" warning, necessitating continuous capital raises and effective debt management.
  • Competitive Dynamics: Operating as a niche innovator, Clean Vision offers specialized solutions and adaptability, but its smaller scale and financial constraints present challenges against larger, more established competitors in the broader waste management and renewable energy sectors.

The Untapped Value in Waste: Clean Vision's Pyrolysis Promise

The global economy grapples with an escalating plastic waste crisis, a challenge Clean Vision Corporation (OTCQB:CLNV) aims to transform into a sustainable opportunity. With global plastics production reaching 367 million tons in 2022 and projected to nearly triple by 2060, the imperative for innovative waste management solutions is undeniable. Simultaneously, the clean energy sector is booming, with the hydrogen generation market alone expected to reach $262 billion by 2031. Clean Vision positions itself at the nexus of these trends, employing advanced pyrolysis technology to convert waste plastic into valuable, clean energy byproducts.

Clean Vision's journey began in 2017, but its strategic pivot in May 2020, through the acquisition of Clean-Seas, Inc., marked its definitive entry into the clean energy and waste-to-value industries. This shift, formalized by a name change in 2021, underscores a commitment to addressing environmental challenges through technological innovation. The company's core strategy revolves around establishing a distributed network of plastic conversion network (PCN) facilities that utilize pyrolysis. This process heats plastic feedstock at high temperatures in the absence of oxygen, preventing incineration and instead yielding low-sulfur fuels (such as pyrolysis oil, lubricants, and synthetic gas), clean hydrogen (branded "AquaH"), and carbon char.

The tangible benefits of this technology are multifaceted. It offers a cost-effective method for upcycling plastic waste, which often incurs tipping fees for disposal, into valuable commodities. While specific quantifiable metrics on energy yield or cost advantages over traditional recycling are not explicitly detailed, the strategic intent is clear: to create a complete value chain from waste to usable energy. For instance, the pilot project in India is designed to showcase the conversion of waste plastic into AquaH, which can then power fuel cells to generate clean electricity, thereby completing a circular economy loop. Furthermore, the ambitious plan for the Arizona facility to become the "first completely off grid pyrolysis conversion facility in the world" highlights the company's commitment to maximizing environmental benefits and operational independence through renewable energy integration.

Strategic Expansion and Competitive Landscape

Clean Vision's strategic roadmap involves aggressive expansion, establishing a global footprint for its pyrolysis operations. Its current revenue-generating operations are centered in Agadir, Morocco, through Clean-Seas Morocco, a 51% owned subsidiary acquired in April 2023. This facility, with a capacity to convert 20 tons per day (TPD) of waste plastic, serves as a crucial operational hub. The company's feedstock acquisition strategy involves securing plastic at reduced or no tipping fees, sometimes with revenue-sharing agreements, demonstrating a creative approach to supply chain management.

In the United States, Clean Vision is making significant strides with its Clean-Seas West Virginia facility, which broke ground in July 2025. This facility, bolstered by $12 million in state incentives and a $15 million term loan from The Huntington National Bank, is expected to commence operations in Q4 2025 at 50 TPD, with plans to scale rapidly to over 500 TPD within three years. A similar large-scale facility in Arizona is projected to begin operations in Q4 2026, starting at 100 TPD and expanding to 500 TPD. These expansions are critical for achieving the scale necessary to compete effectively in the waste-to-value market.

The competitive landscape for Clean Vision is diverse, encompassing established players in waste management and large-scale renewable energy. Companies like Waste Management, Inc. and Republic Services, Inc. dominate traditional waste collection and disposal, with growing investments in waste-to-energy. NextEra Energy, Inc., on the other hand, is a renewable energy giant focused on utility-scale wind, solar, and grid infrastructure.

Clean Vision operates as a niche innovator within this ecosystem. Its primary competitive advantage lies in its specialized pyrolysis technology and adaptable business models, which allow it to target specific waste streams and produce diversified outputs. This focus on innovation could provide superior growth opportunities in emerging segments, potentially offering greater efficiency in energy recovery from waste compared to the broader, more traditional approaches of Waste Management, Inc. and Republic Services, Inc. For instance, CLNV's ability to integrate waste conversion with hydrogen production positions it uniquely in the burgeoning hydrogen market, a segment where Waste Management, Inc. and Republic Services, Inc. may lag in technological agility.

However, Clean Vision's smaller operational scale presents a significant competitive disadvantage. Larger players like Waste Management, Inc., Republic Services, Inc., and NextEra Energy, Inc. benefit from extensive infrastructure, established customer bases, and robust financial health, translating into superior cost efficiencies, stronger cash flow generation, and greater resilience against market fluctuations. While CLNV's strategic adaptability is a strength, its financial performance and execution capabilities are challenged by its current scale, making it difficult to match the operational efficiency and market share capture of its larger rivals. The high capital requirements and regulatory hurdles inherent in the waste-to-energy sector also act as significant barriers to entry, which, while protecting existing players, disproportionately favor those with established financial resources like NextEra Energy, Inc.

Operational Progress and Financial Performance

Clean Vision's operational progress is evident in its recent performance. For the three months ended June 30, 2025, the company reported revenue of $52,612, a substantial 124.3% increase compared to the same period in 2024. This growth was entirely driven by its Clean-Seas Morocco operations, demonstrating the initial success of its international ventures. However, for the six months ended June 30, 2025, total revenue decreased by 13.7% year-over-year to $63,137, indicating some variability in early-stage operations. The company maintains a strong gross profit margin of 94.39% on a TTM basis, reflecting its ability to acquire feedstock at zero cost.

Despite revenue growth in the recent quarter, Clean Vision continues to incur significant operating expenses as it scales. Consulting expenses surged by 182.6% in Q2 2025 and 43.7% for the six-month period, largely due to increased activity for the West Virginia project and non-cash stock compensation. Similarly, advertising and promotion expenses nearly doubled in the first half of 2025, reflecting increased marketing efforts. General and administrative expenses also rose by 32.3% for the six-month period, driven by activities in Clean Seas UK, and new rent and maintenance costs associated with the West Virginia facility.

The company reported a net loss of $417,359 for Q2 2025 and $3.65 million for the six months ended June 30, 2025. While these losses are substantial, they were lower than the prior year periods, primarily due to a gain in the fair value of derivatives and a gain on the extinguishment of debt. On a TTM basis, the operating profit margin stands at a challenging -3600.26%, and the net profit margin at -6211.75%, underscoring the significant investment phase the company is in.

Liquidity remains a critical concern. Clean Vision reported an accumulated deficit of $52.49 million as of June 30, 2025, and explicitly states that its current cash on hand will not be sufficient to fund projected operating requirements for the next twelve months. Cash used in operating activities increased to $3.96 million for the first half of 2025, while investing activities consumed $2.64 million, primarily for the West Virginia facility. The company's ability to fund these operations relies heavily on financing activities, which provided $8.70 million in net cash during the period, including a $6.82 million commercial loan for the West Virginia project. However, the company also carries $6.52 million in outstanding convertible notes, many of which are in default, incurring penalties and high interest rates ranging from 15% to 24%, posing a significant risk of dilution to existing shareholders. The TTM Debt/Equity ratio is -0.51, reflecting the substantial accumulated deficit.

Outlook and Persistent Challenges

Clean Vision's outlook is tied to the successful execution and scaling of its new facilities. The West Virginia facility, expected to be operational in Q4 2025, and the Arizona facility, slated for Q4 2026, represent significant future revenue streams and operational capacity. The company's long-term strategy includes diversifying revenue through commodity sales, environmental credits (carbon, plastic, biodiversity), and potentially licensing fuel cell technology via its EcoCell subsidiary. These initiatives align with the broader industry trends of decarbonization and circular economy principles.

However, the path forward is fraught with risks. The "going concern" warning is a stark reminder of the company's precarious financial position. The reliance on future debt and equity financing, without assurance of success, could lead to further dilution for shareholders or restrictive debt covenants. The history of defaulted convertible notes and the associated penalties and increased interest rates highlight the challenges in managing its capital structure. While the lawsuit with Trillium Partners was settled, a new legal challenge from Borders Consulting, LLC, seeking $200,000 in damages, underscores the ongoing litigation risks.

The company's ability to transition from a development-heavy, cash-burning phase to profitable operations hinges on several factors: securing consistent feedstock supply, optimizing the efficiency of its pyrolysis units, establishing robust off-take agreements for its byproducts, and effectively managing its substantial debt load. The competitive landscape, dominated by larger, financially stronger entities, means Clean Vision must execute flawlessly to carve out and defend its niche.

Conclusion

Clean Vision Corporation presents a compelling, albeit high-risk, investment thesis rooted in its innovative approach to solving the global plastic waste crisis. Its pyrolysis technology offers a promising pathway to convert environmental liabilities into valuable clean energy assets, aligning with powerful macroeconomic trends in sustainability and decarbonization. The company's strategic expansion into West Virginia and Arizona, coupled with its operational facility in Morocco, demonstrates a clear vision for scaling its waste-to-value operations.

However, the journey is marked by significant financial headwinds. The "going concern" warning, substantial accumulated deficit, and reliance on dilutive financing underscore the critical need for successful operational ramp-up and disciplined capital management. While Clean Vision possesses a technological edge and a strategic focus on a growing market, its ability to translate this potential into sustained profitability and positive cash flow will dictate its long-term viability. Investors considering CLNV must weigh the substantial growth opportunities in the waste-to-value sector against the company's current financial fragility and the execution risks inherent in scaling an innovative, capital-intensive business. The coming quarters will be pivotal in demonstrating Clean Vision's capacity to overcome these challenges and realize its ambitious circular economy vision.


Step 1: Ticker Annotation of Other Companies

The following companies (not $CLNV) are identified and annotated at their first occurrence:

  • Waste Management, Inc. (WM)
  • Republic Services, Inc. (RSG)
  • NextEra Energy, Inc. (NEE)

Trillium Partners and Borders Consulting, LLC are mentioned but are not publicly traded companies with identifiable tickers, so they are not annotated.

Annotated Article Text:

Clean Vision Corporation: Pyrolysis Powering a Circular Economy Amidst Capital Challenges (OTCQB:CLNV)

Executive Summary / Key Takeaways

  • Waste-to-Value Pioneer: Clean Vision Corporation is strategically positioned in the rapidly expanding waste-to-value and clean energy sectors, leveraging proprietary pyrolysis technology to convert plastic waste into valuable byproducts like low-sulfur fuels, AquaH hydrogen, and carbon char.
  • Strategic Expansion & Operational Milestones: The company is actively scaling its operations with facilities in Morocco (currently generating revenue), and significant projects underway in West Virginia (expected Q4 2025) and Arizona (expected Q4 2026), aiming for substantial capacity expansion.
  • Technological Differentiator: CLNV's pyrolysis technology offers a solution to the global plastic waste crisis by upcycling waste into saleable commodities, with a long-term vision for integrated value chains and off-grid, renewable-powered facilities.
  • Significant Financial Hurdles: Despite operational progress and revenue growth in Q2 2025, the company faces substantial financial challenges, including an accumulated deficit of $52.49 million, ongoing net losses, and a "going concern" warning, necessitating continuous capital raises and effective debt management.
  • Competitive Dynamics: Operating as a niche innovator, Clean Vision offers specialized solutions and adaptability, but its smaller scale and financial constraints present challenges against larger, more established competitors in the broader waste management and renewable energy sectors.

The Untapped Value in Waste: Clean Vision's Pyrolysis Promise

The global economy grapples with an escalating plastic waste crisis, a challenge Clean Vision Corporation (OTCQB:CLNV) aims to transform into a sustainable opportunity. With global plastics production reaching 367 million tons in 2022 and projected to nearly triple by 2060, the imperative for innovative waste management solutions is undeniable. Simultaneously, the clean energy sector is booming, with the hydrogen generation market alone expected to reach $262 billion by 2031. Clean Vision positions itself at the nexus of these trends, employing advanced pyrolysis technology to convert waste plastic into valuable, clean energy byproducts.

Clean Vision's journey began in 2017, but its strategic pivot in May 2020, through the acquisition of Clean-Seas, Inc., marked its definitive entry into the clean energy and waste-to-value industries. This shift, formalized by a name change in 2021, underscores a commitment to addressing environmental challenges through technological innovation. The company's core strategy revolves around establishing a distributed network of plastic conversion network (PCN) facilities that utilize pyrolysis. This process heats plastic feedstock at high temperatures in the absence of oxygen, preventing incineration and instead yielding low-sulfur fuels (such as pyrolysis oil, lubricants, and synthetic gas), clean hydrogen (branded "AquaH"), and carbon char.

The tangible benefits of this technology are multifaceted. It offers a cost-effective method for upcycling plastic waste, which often incurs tipping fees for disposal, into valuable commodities. While specific quantifiable metrics on energy yield or cost advantages over traditional recycling are not explicitly detailed, the strategic intent is clear: to create a complete value chain from waste to usable energy. For instance, the pilot project in India is designed to showcase the conversion of waste plastic into AquaH, which can then power fuel cells to generate clean electricity, thereby completing a circular economy loop. Furthermore, the ambitious plan for the Arizona facility to become the "first completely off grid pyrolysis conversion facility in the world" highlights the company's commitment to maximizing environmental benefits and operational independence through renewable energy integration.

Strategic Expansion and Competitive Landscape

Clean Vision's strategic roadmap involves aggressive expansion, establishing a global footprint for its pyrolysis operations. Its current revenue-generating operations are centered in Agadir, Morocco, through Clean-Seas Morocco, a 51% owned subsidiary acquired in April 2023. This facility, with a capacity to convert 20 tons per day (TPD) of waste plastic, serves as a crucial operational hub. The company's feedstock acquisition strategy involves securing plastic at reduced or no tipping fees, sometimes with revenue-sharing agreements, demonstrating a creative approach to supply chain management.

In the United States, Clean Vision is making significant strides with its Clean-Seas West Virginia facility, which broke ground in July 2025. This facility, bolstered by $12 million in state incentives and a $15 million term loan from The Huntington National Bank, is expected to commence operations in Q4 2025 at 50 TPD, with plans to scale rapidly to over 500 TPD within three years. A similar large-scale facility in Arizona is projected to begin operations in Q4 2026, starting at 100 TPD and expanding to 500 TPD. These expansions are critical for achieving the scale necessary to compete effectively in the waste-to-value market.

The competitive landscape for Clean Vision is diverse, encompassing established players in waste management and large-scale renewable energy. Companies like Waste Management, Inc. and Republic Services, Inc. dominate traditional waste collection and disposal, with growing investments in waste-to-energy. NextEra Energy, Inc. , on the other hand, is a renewable energy giant focused on utility-scale wind, solar, and grid infrastructure.

Clean Vision operates as a niche innovator within this ecosystem. Its primary competitive advantage lies in its specialized pyrolysis technology and adaptable business models, which allow it to target specific waste streams and produce diversified outputs. This focus on innovation could provide superior growth opportunities in emerging segments, potentially offering greater efficiency in energy recovery from waste compared to the broader, more traditional approaches of Waste Management, Inc. and Republic Services, Inc. For instance, CLNV's ability to integrate waste conversion with hydrogen production positions it uniquely in the burgeoning hydrogen market, a segment where Waste Management, Inc. and Republic Services, Inc. may lag in technological agility.

However, Clean Vision's smaller operational scale presents a significant competitive disadvantage. Larger players like Waste Management, Inc., Republic Services, Inc., and NextEra Energy, Inc. benefit from extensive infrastructure, established customer bases, and robust financial health, translating into superior cost efficiencies, stronger cash flow generation, and greater resilience against market fluctuations. While CLNV's strategic adaptability is a strength, its financial performance and execution capabilities are challenged by its current scale, making it difficult to match the operational efficiency and market share capture of its larger rivals. The high capital requirements and regulatory hurdles inherent in the waste-to-energy sector also act as significant barriers to entry, which, while protecting existing players, disproportionately favor those with established financial resources like NextEra Energy, Inc.

Operational Progress and Financial Performance

Clean Vision's operational progress is evident in its recent performance. For the three months ended June 30, 2025, the company reported revenue of $52,612, a substantial 124.3% increase compared to the same period in 2024. This growth was entirely driven by its Clean-Seas Morocco operations, demonstrating the initial success of its international ventures. However, for the six months ended June 30, 2025, total revenue decreased by 13.7% year-over-year to $63,137, indicating some variability in early-stage operations. The company maintains a strong gross profit margin of 94.39% on a TTM basis, reflecting its ability to acquire feedstock at zero cost.

Despite revenue growth in the recent quarter, Clean Vision continues to incur significant operating expenses as it scales. Consulting expenses surged by 182.6% in Q2 2025 and 43.7% for the six-month period, largely due to increased activity for the West Virginia project and non-cash stock compensation. Similarly, advertising and promotion expenses nearly doubled in the first half of 2025, reflecting increased marketing efforts. General and administrative expenses also rose by 32.3% for the six-month period, driven by activities in Clean Seas UK, and new rent and maintenance costs associated with the West Virginia facility.

The company reported a net loss of $417,359 for Q2 2025 and $3.65 million for the six months ended June 30, 2025. While these losses are substantial, they were lower than the prior year periods, primarily due to a gain in the fair value of derivatives and a gain on the extinguishment of debt. On a TTM basis, the operating profit margin stands at a challenging -3600.26%, and the net profit margin at -6211.75%, underscoring the significant investment phase the company is in.

Liquidity remains a critical concern. Clean Vision reported an accumulated deficit of $52.49 million as of June 30, 2025, and explicitly states that its current cash on hand will not be sufficient to fund projected operating requirements for the next twelve months. Cash used in operating activities increased to $3.96 million for the first half of 2025, while investing activities consumed $2.64 million, primarily for the West Virginia facility. The company's ability to fund these operations relies heavily on financing activities, which provided $8.70 million in net cash during the period, including a $6.82 million commercial loan for the West Virginia project. However, the company also carries $6.52 million in outstanding convertible notes, many of which are in default, incurring penalties and high interest rates ranging from 15% to 24%, posing a significant risk of dilution to existing shareholders. The TTM Debt/Equity ratio is -0.51, reflecting the substantial accumulated deficit.

Outlook and Persistent Challenges

Clean Vision's outlook is tied to the successful execution and scaling of its new facilities. The West Virginia facility, expected to be operational in Q4 2025, and the Arizona facility, slated for Q4 2026, represent significant future revenue streams and operational capacity. The company's long-term strategy includes diversifying revenue through commodity sales, environmental credits (carbon, plastic, biodiversity), and potentially licensing fuel cell technology via its EcoCell subsidiary. These initiatives align with the broader industry trends of decarbonization and circular economy principles.

However, the path forward is fraught with risks. The "going concern" warning is a stark reminder of the company's precarious financial position. The reliance on future debt and equity financing, without assurance of success, could lead to further dilution for shareholders or restrictive debt covenants. The history of defaulted convertible notes and the associated penalties and increased interest rates highlight the challenges in managing its capital structure. While the lawsuit with Trillium Partners was settled, a new legal challenge from Borders Consulting, LLC, seeking $200,000 in damages, underscores the ongoing litigation risks.

The company's ability to transition from a development-heavy, cash-burning phase to profitable operations hinges on several factors: securing consistent feedstock supply, optimizing the efficiency of its pyrolysis units, establishing robust off-take agreements for its byproducts, and effectively managing its substantial debt load. The competitive landscape, dominated by larger, financially stronger entities, means Clean Vision must execute flawlessly to carve out and defend its niche.

Conclusion

Clean Vision Corporation presents a compelling, albeit high-risk, investment thesis rooted in its innovative approach to solving the global plastic waste crisis. Its pyrolysis technology offers a promising pathway to convert environmental liabilities into valuable clean energy assets, aligning with powerful macroeconomic trends in sustainability and decarbonization. The company's strategic expansion into West Virginia and Arizona, coupled with its operational facility in Morocco, demonstrates a clear vision for scaling its waste-to-value operations.

However, the journey is marked by significant financial headwinds. The "going concern" warning, substantial accumulated deficit, and reliance on dilutive financing underscore the critical need for successful operational ramp-up and disciplined capital management. While Clean Vision possesses a technological edge and a strategic focus on a growing market, its ability to translate this potential into sustained profitability and positive cash flow will dictate its long-term viability. Investors considering CLNV must weigh the substantial growth opportunities in the waste-to-value sector against the company's current financial fragility and the execution risks inherent in scaling an innovative, capital-intensive business. The coming quarters will be pivotal in demonstrating Clean Vision's capacity to overcome these challenges and realize its ambitious circular economy vision.


Step 2: Strategic Chart Placeholder Insertion

Clean Vision Corporation is revenue-generating. Therefore, the two mandatory charts are:

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00:00:00&quot;, &quot;2022-06-30 00:00:00&quot;, &quot;2022-09-30 00:00:00&quot;, &quot;2022-12-31 00:00:00&quot;, &quot;2023-05-15 16:47:04&quot;, &quot;2023-08-21 17:23:35&quot;, &quot;2023-11-14 16:54:03&quot;, &quot;2024-04-16 17:29:23&quot;, &quot;2024-05-20 12:53:06&quot;, &quot;2024-08-19 13:45:06&quot;, &quot;2024-11-19 14:05:02&quot;, &quot;2025-04-15 12:39:32&quot;, &quot;2025-05-15 16:35:25&quot;, &quot;2025-08-19 16:02:19&quot;], &quot;calendarYear&quot;: [&quot;2020&quot;, &quot;2020&quot;, &quot;2021&quot;, &quot;2021&quot;, &quot;2021&quot;, &quot;2021&quot;, &quot;2022&quot;, &quot;2022&quot;, &quot;2022&quot;, &quot;2022&quot;, &quot;2023&quot;, &quot;2023&quot;, &quot;2023&quot;, &quot;2023&quot;, &quot;2024&quot;, &quot;2024&quot;, &quot;2024&quot;, &quot;2024&quot;, &quot;2025&quot;, &quot;2025&quot;], &quot;period&quot;: [&quot;Q3&quot;, &quot;Q4&quot;, &quot;Q1&quot;, &quot;Q2&quot;, &quot;Q3&quot;, &quot;Q4&quot;, &quot;Q1&quot;, &quot;Q2&quot;, &quot;Q3&quot;, 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&quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359623000424/clnv_10q.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359623000649/clnv_10q.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359623000888/clnv_10q.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359624000247/clnv_10k.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359624000336/clnv_10q.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359624000533/clnv_10q.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359624000682/clnv_10q.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359625000196/clnv_10k.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359625000266/clnv_10q.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359625000421/clnv_10q.htm&quot;]}}">Loading interactive chart...</beyondspx-chart></div>
  2. <div class="beyondspx-chart-container" style="width: 100%; max-width: 700px; height: auto; display: block; margin-left: auto; margin-right: auto; border: 1px solid #ddd; padding: 3px; margin-top: 10px; margin-bottom: 10px;"><beyondspx-chart data-chart-config="{&quot;visual_style&quot;: &quot;dual_axis&quot;, &quot;caption&quot;: &quot;CLNV Quarterly Operating Cash Flow and Free Cash Flow&quot;, &quot;data_mapping&quot;: {&quot;date_key&quot;: &quot;date&quot;, &quot;series1_key&quot;: &quot;operatingCashFlow&quot;, &quot;series1_type&quot;: &quot;bar&quot;, &quot;series1_label&quot;: &quot;Operating Cash Flow (USD)&quot;, &quot;series2_key&quot;: &quot;freeCashFlow&quot;, &quot;series2_type&quot;: &quot;line&quot;, &quot;series2_label&quot;: &quot;Free Cash Flow (USD)&quot;}, &quot;fmp_params&quot;: {&quot;period&quot;: &quot;quarterly&quot;, &quot;limit&quot;: 20}}" data-chart-data="{&quot;annual&quot;: {&quot;date&quot;: [&quot;2007-12-31&quot;, &quot;2008-12-31&quot;, &quot;2009-12-31&quot;, &quot;2010-12-31&quot;, &quot;2016-12-31&quot;, &quot;2017-12-31&quot;, &quot;2018-12-31&quot;, &quot;2019-12-31&quot;, &quot;2020-12-31&quot;, &quot;2021-12-31&quot;, &quot;2022-12-31&quot;, &quot;2023-12-31&quot;, &quot;2024-12-31&quot;], &quot;symbol&quot;: [&quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;], &quot;reportedCurrency&quot;: [&quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;], &quot;cik&quot;: [&quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;], &quot;fillingDate&quot;: [&quot;2007-12-31&quot;, &quot;2009-04-15&quot;, &quot;2010-03-31&quot;, &quot;2011-04-15&quot;, &quot;2016-12-31&quot;, &quot;2017-12-31&quot;, &quot;2018-12-31&quot;, &quot;2019-12-31&quot;, &quot;2020-12-31&quot;, &quot;2021-12-31&quot;, &quot;2022-12-31&quot;, &quot;2024-04-16&quot;, &quot;2025-04-15&quot;], &quot;acceptedDate&quot;: [&quot;2007-12-31 00:00:00&quot;, &quot;2009-04-15 12:51:17&quot;, &quot;2010-03-31 12:23:29&quot;, &quot;2011-04-15 14:46:51&quot;, &quot;2016-12-29 19:00:00&quot;, &quot;2017-12-29 19:00:00&quot;, &quot;2018-12-29 19:00:00&quot;, &quot;2019-12-29 19:00:00&quot;, &quot;2020-12-31 00:00:00&quot;, &quot;2021-12-31 00:00:00&quot;, &quot;2022-12-31 00:00:00&quot;, &quot;2024-04-16 17:29:23&quot;, &quot;2025-04-15 12:39:32&quot;], &quot;calendarYear&quot;: [&quot;2007&quot;, &quot;2008&quot;, &quot;2009&quot;, &quot;2010&quot;, &quot;2016&quot;, &quot;2017&quot;, &quot;2018&quot;, &quot;2019&quot;, &quot;2020&quot;, &quot;2021&quot;, &quot;2022&quot;, &quot;2023&quot;, &quot;2024&quot;], &quot;period&quot;: [&quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;, &quot;FY&quot;], &quot;netIncome&quot;: [409771, 120618, 52274, -26755, 39948, 15241, -256487600, -574147, -2040933, -6034411, -5913724, -14269566, -8476889], &quot;depreciationAndAmortization&quot;: [352046, 466037, 408862, 460950, 0, 0, 0, 0, 0, 0, 200273, 4583321, 221818], &quot;deferredIncomeTax&quot;: [-61157, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0], &quot;stockBasedCompensation&quot;: [48981, 0, 0, 0, 0, 0, 0, 142500, 298174, 2142235, 2863865, 4165689, 271704], &quot;changeInWorkingCapital&quot;: [-257324, 546670, 136528, 623892, -4858, 1428720, 1361713, 275000, 302926, 201529, 820490, 25499, 1021771], &quot;accountsReceivables&quot;: [31733, 122099, -177651, -127096, 0, 0, 0, 0, 0, 0, 0, 151075, 33121], &quot;inventory&quot;: [4663, 3791, -3793, -63939, 0, 0, 0, 0, 0, 0, 0, 0, 0], &quot;accountsPayables&quot;: [257819, -33022, 21475, 394051, 0, 1415427, 0, 0, 21258, 38990, 274446, 173811, 284854], &quot;otherWorkingCapital&quot;: [-551539, 453802, 296497, 420876, -4858, 13293, 1361713, 275000, 281668, 162539, 502992, -299387, 703796], &quot;otherNonCashItems&quot;: [-12176, 5039, 7351, 718884, 0, -1415427, 255777813, 156647, 1235973, 1889569, 0, 795470, 2093832], &quot;netCashProvidedByOperatingActivities&quot;: [541298, 1138364, 605015, 1058087, 35090, 1443961, 651926, 0, -203860, -1801078, -2029096, -4699587, -4867764], &quot;investmentsInPropertyPlantAndEquipment&quot;: [-894588, -529815, -1204560, -552499, 0, 0, 0, 0, 0, -150505, -90871, 0, -132898], &quot;acquisitionsNet&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, -150000, 0, -2000000, 0], &quot;purchasesOfInvestments&quot;: [0, 0, 0, 0, 0, -5985000, -924226, 0, 0, -150000, 0, 0, 0], &quot;salesMaturitiesOfInvestments&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 21], &quot;otherInvestingActivites&quot;: [0, 0, 0, -106771, 0, 0, 0, 0, 0, 150000, 0, -75069, 0], &quot;netCashUsedForInvestingActivites&quot;: [-894588, -529815, -1204560, -659270, 0, -5985000, -924226, 0, 0, -300505, -90871, -2075069, -132877], &quot;debtRepayment&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 204500, -307500, 678417, 6568629, 5743039], &quot;commonStockIssued&quot;: [0, 0, 0, 0, 0, 66997, 0, 0, 0, 3244000, 600000, 533000, 200000], &quot;commonStockRepurchased&quot;: [0, 0, 0, 0, 0, -47500, 0, 0, 0, 0, 0, 0, 0], &quot;dividendsPaid&quot;: [0, 0, 0, 0, -32100, 0, 0, 0, 0, 0, 0, 0, 0], &quot;otherFinancingActivites&quot;: [406892, -912712, 707444, -315046, 0, 4546646, 2311, 0, 100, 0, 0, 0, 0], &quot;netCashUsedProvidedByFinancingActivities&quot;: [406892, -912712, 707444, -315046, -32100, 4566143, 2311, 0, 204600, 2936500, 1278417, 7101629, 5943039], &quot;effectOfForexChangesOnCash&quot;: [66528, 47721, 1621, 20950, 0, 0, 0, 0, 0, 0, 16670, 2171, 20113], &quot;netChangeInCash&quot;: [120130, -256442, 109520, 104721, 2990, 25103, -269989, 0, 740, 834917, -824880, 329144, 962511], &quot;cashAtEndOfPeriod&quot;: [651598.0, 395156.0, 504676.0, 609397.0, 3944.9999999999995, 29048.0, -240941.0, 0.0, 740.0, 835657.0, 10777.0, 339921.0, 1302432.0], &quot;cashAtBeginningOfPeriod&quot;: [531468.0, 651598.0, 395156.0, 504676.0, 954.9999999999995, 3944.9999999999995, 29048.0, 0.0, 0.0, 740.0, 835657.0, 10777.0, 339921.0], &quot;operatingCashFlow&quot;: [541298, 1138364, 605015, 1058087, 35090, 1443961, 651926, 0, -203860, -1801078, -2072148, -4699587, -4867764], &quot;capitalExpenditure&quot;: [-894588, -529815, -1204560, -552499, 0, 0, 0, 0, 0, -150505, -90871, 0, -132898], &quot;freeCashFlow&quot;: [-353290, 608549, -599545, 505588, 35090, 1443961, 651926, 0, -203860, -1951583, -2163019, -4699587, -5000662], &quot;link&quot;: [null, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000113705009000086/0001137050-09-000086-index.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000113705010000050/0001137050-10-000050-index.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000113705011000081/0001137050-11-000081-index.htm&quot;, null, null, null, null, null, null, null, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359624000247/0001903596-24-000247-index.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359625000196/0001903596-25-000196-index.htm&quot;], &quot;finalLink&quot;: [null, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000113705009000086/chinavitup10k12312008finalam.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000113705010000050/china_vitup10k12312009finalv.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000113705011000081/f10_kchinavitup10k12312010fi.htm&quot;, null, null, null, null, null, null, null, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359624000247/clnv_10k.htm&quot;, &quot;https://www.sec.gov/Archives/edgar/data/1391426/000190359625000196/clnv_10k.htm&quot;]}, &quot;quarterly&quot;: {&quot;date&quot;: [&quot;2020-09-30&quot;, &quot;2020-12-31&quot;, &quot;2021-03-31&quot;, &quot;2021-06-30&quot;, &quot;2021-09-30&quot;, &quot;2021-12-31&quot;, &quot;2022-03-31&quot;, &quot;2022-06-30&quot;, &quot;2022-09-30&quot;, &quot;2022-12-31&quot;, &quot;2023-03-31&quot;, &quot;2023-06-30&quot;, &quot;2023-09-30&quot;, &quot;2023-12-31&quot;, &quot;2024-03-31&quot;, &quot;2024-06-30&quot;, &quot;2024-09-30&quot;, &quot;2024-12-31&quot;, &quot;2025-03-31&quot;, &quot;2025-06-30&quot;], &quot;symbol&quot;: [&quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;, &quot;CLNV&quot;], &quot;reportedCurrency&quot;: [&quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;, &quot;USD&quot;], &quot;cik&quot;: [&quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;, &quot;0001391426&quot;], &quot;fillingDate&quot;: [&quot;2020-09-30&quot;, &quot;2020-12-31&quot;, &quot;2021-03-31&quot;, &quot;2021-06-30&quot;, &quot;2021-09-30&quot;, &quot;2021-12-31&quot;, &quot;2022-03-31&quot;, &quot;2022-06-30&quot;, &quot;2022-09-30&quot;, &quot;2022-12-31&quot;, &quot;2023-05-15&quot;, &quot;2023-08-21&quot;, &quot;2023-11-14&quot;, &quot;2024-04-16&quot;, &quot;2024-05-20&quot;, &quot;2024-08-19&quot;, &quot;2024-11-19&quot;, &quot;2025-04-15&quot;, &quot;2025-05-15&quot;, &quot;2025-08-19&quot;], &quot;acceptedDate&quot;: [&quot;2020-09-29 20:00:00&quot;, &quot;2020-12-30 19:00:00&quot;, &quot;2021-03-31 00:00:00&quot;, &quot;2021-06-30 00:00:00&quot;, &quot;2021-09-30 00:00:00&quot;, &quot;2021-12-31 00:00:00&quot;, &quot;2022-03-31 00:00:00&quot;, &quot;2022-06-30 00:00:00&quot;, &quot;2022-09-30 00:00:00&quot;, &quot;2022-12-31 00:00:00&quot;, &quot;2023-05-15 16:47:04&quot;, &quot;2023-08-21 17:23:35&quot;, &quot;2023-11-14 16:54:03&quot;, &quot;2024-04-16 17:29:23&quot;, &quot;2024-05-20 12:53:06&quot;, &quot;2024-08-19 13:45:06&quot;, &quot;2024-11-19 14:05:02&quot;, &quot;2025-04-15 12:39:32&quot;, &quot;2025-05-15 16:35:25&quot;, &quot;2025-08-19 16:02:19&quot;], &quot;calendarYear&quot;: [&quot;2020&quot;, &quot;2020&quot;, &quot;2021&quot;, &quot;2021&quot;, &quot;2021&quot;, &quot;2021&quot;, &quot;2022&quot;, &quot;2022&quot;, &quot;2022&quot;, &quot;2022&quot;, &quot;2023&quot;, &quot;2023&quot;, &quot;2023&quot;, &quot;2023&quot;, &quot;2024&quot;, &quot;2024&quot;, &quot;2024&quot;, &quot;2024&quot;, &quot;2025&quot;, &quot;2025&quot;], &quot;period&quot;: [&quot;Q3&quot;, &quot;Q4&quot;, &quot;Q1&quot;, &quot;Q2&quot;, &quot;Q3&quot;, &quot;Q4&quot;, &quot;Q1&quot;, &quot;Q2&quot;, &quot;Q3&quot;, &quot;Q4&quot;, &quot;Q1&quot;, &quot;Q2&quot;, &quot;Q3&quot;, &quot;Q4&quot;, &quot;Q1&quot;, &quot;Q2&quot;, &quot;Q3&quot;, &quot;Q4&quot;, &quot;Q1&quot;, &quot;Q2&quot;], &quot;netIncome&quot;: [-2177352, 12220, -2436580, -551003, -1087126, -1959702, -1064930, -1121867, -873363, -3021364, -2701002, -2726612, -1047330, -5676906, -2161032, -1824497, -1552709, -8476889, -3233681, -473305], &quot;depreciationAndAmortization&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 409442, 0, 1316601, 100161, 57581, 37866, 38238, 88133, 48259, 126485], &quot;deferredIncomeTax&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, -393155, 0, 0, 393155, 0, 0, 0, 0, 0, 0], &quot;stockBasedCompensation&quot;: [380000, -236826, 0, 0, 70000, 642035, 191616, 334800, 486166, 358840, 455709, 4925, 158000, 3095209, 277772, 8000, 375582, 224787, 3473, 5033], &quot;changeInWorkingCapital&quot;: [0, 101668, 119599, -18736, -181714, 282380, -60177, -71689, 303573, 605731, -122429, -48913, -411190, 608031, 145555, 658114, 834093, -615991, -1676827, 1203255], &quot;accountsReceivables&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, -160736, 311811, 8010, 54805, -222, -29472, 28386, -24845], &quot;inventory&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 160736, 0, 0, 0, 0, 0, 0, 0], &quot;accountsPayables&quot;: [0, 0, 28917, -17789, -18386, 46248, -28985, 17709, 22524, 263198, -45125, -183354, 75671, 876565, 408570, 266657, -20569, -369804, 220582, 648923], &quot;otherWorkingCapital&quot;: [0, 101668, 90682, -947, -163328, 236132, -31192, -89398, 281049, 342533, -77304, 134441, -486861, -580345, -150626, 336652, 530087, -216715, -1925795, 579177], &quot;otherNonCashItems&quot;: [1797352, -30347, 2053484, 255607, 380334, 1272379, 353325, -87781, 15000, 142591, 1680455, 1674259, -1188872, 192871, 703095, 725038, 176909, 5424291, 1969105, -1932004], &quot;netCashProvidedByOperatingActivities&quot;: [0, -153285, -263497, -314132, -818506, -404943, -771782, -946537, -128492, -225337, -1142976, -1096341, -1172791, -1287479, -977029, -395479, -127887, -3355669, -2889671, -1070536], &quot;investmentsInPropertyPlantAndEquipment&quot;: [0, 0, 0, 0, 0, -150505, -14859, -65487, 25633, -36158, 0, 0, 0, 0, -142195, -5439, -30844, 45580, -283903, -2354545], &quot;acquisitionsNet&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, -1000000, -1000000, 0, 0, 0, 0, 0, 0, 0, 0], &quot;purchasesOfInvestments&quot;: [0, 0, 0, 0, 0, -150000, 0, 0, 0, 0, 0, 0, 0, -5069, 0, 0, 0, 0, -256, 0], &quot;salesMaturitiesOfInvestments&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 21, 0, 0], &quot;otherInvestingActivites&quot;: [0, 0, 0, 0, 0, -150000, 0, 0, 0, 0, -1000000, 0, 0, -70000, 0, 0, 0, 0, 0, -357], &quot;netCashUsedForInvestingActivites&quot;: [0, 0, 0, 0, 0, -300505, -14859, -65487, 25633, -36158, -1000000, -1000000, 0, -75069, -142195, -5439, -30844, 45601, -284159, -2354902], &quot;debtRepayment&quot;: [0, 0, 525000, 411500, -936500, 0, 0, 91786, 0, 0, 0, 0, 1915315, 348412, 945533, 169371, 14928, 4599342, 3698112, 4853057], &quot;commonStockIssued&quot;: [0, 0, 0, 750000, 2250000, 244000, 0, 600000, 0, 0, 335000, 0, 198000, 0, 100000, 0, 100000, 0, 244055, -94053], &quot;commonStockRepurchased&quot;: [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 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For additional charts, the article discusses Gross Profit Margin, Operating Profit Margin, and Net Profit Margin, triggering the Profit Margin Chart Consolidation rule. It also discusses Total Debt and Debt-to-Equity Ratio. To reach a total of 4 charts (2 mandatory + 2 additional) and avoid redundancy, the consolidated profit margin chart and a total debt chart are selected.

The final Annotated Article Text with strategically inserted chart placeholders is below:

Clean Vision Corporation: Pyrolysis Powering a Circular Economy Amidst Capital Challenges (OTCQB:CLNV)

Executive Summary / Key Takeaways

  • Waste-to-Value Pioneer: Clean Vision Corporation is strategically positioned in the rapidly expanding waste-to-value and clean energy sectors, leveraging proprietary pyrolysis technology to convert plastic waste into valuable byproducts like low-sulfur fuels, AquaH hydrogen, and carbon char.
  • Strategic Expansion & Operational Milestones: The company is actively scaling its operations with facilities in Morocco (currently generating revenue), and significant projects underway in West Virginia (expected Q4 2025) and Arizona (expected Q4 2026), aiming for substantial capacity expansion.
  • Technological Differentiator: CLNV's pyrolysis technology offers a solution to the global plastic waste crisis by upcycling waste into saleable commodities, with a long-term vision for integrated value chains and off-grid, renewable-powered facilities.
  • Significant Financial Hurdles: Despite operational progress and revenue growth in Q2 2025, the company faces substantial financial challenges, including an accumulated deficit of $52.49 million, ongoing net losses, and a "going concern" warning, necessitating continuous capital raises and effective debt management.
  • Competitive Dynamics: Operating as a niche innovator, Clean Vision offers specialized solutions and adaptability, but its smaller scale and financial constraints present challenges against larger, more established competitors in the broader waste management and renewable energy sectors.

The Untapped Value in Waste: Clean Vision's Pyrolysis Promise

The global economy grapples with an escalating plastic waste crisis, a challenge Clean Vision Corporation (OTCQB:CLNV) aims to transform into a sustainable opportunity. With global plastics production reaching 367 million tons in 2022 and projected to nearly triple by 2060, the imperative for innovative waste management solutions is undeniable. Simultaneously, the clean energy sector is booming, with the hydrogen generation market alone expected to reach $262 billion by 2031. Clean Vision positions itself at the nexus of these trends, employing advanced pyrolysis technology to convert waste plastic into valuable, clean energy byproducts.

Clean Vision's journey began in 2017, but its strategic pivot in May 2020, through the acquisition of Clean-Seas, Inc., marked its definitive entry into the clean energy and waste-to-value industries. This shift, formalized by a name change in 2021, underscores a commitment to addressing environmental challenges through technological innovation. The company's core strategy revolves around establishing a distributed network of plastic conversion network (PCN) facilities that utilize pyrolysis. This process heats plastic feedstock at high temperatures in the absence of oxygen, preventing incineration and instead yielding low-sulfur fuels (such as pyrolysis oil, lubricants, and synthetic gas), clean hydrogen (branded "AquaH"), and carbon char.

The tangible benefits of this technology are multifaceted. It offers a cost-effective method for upcycling plastic waste, which often incurs tipping fees for disposal, into valuable commodities. While specific quantifiable metrics on energy yield or cost advantages over traditional recycling are not explicitly detailed, the strategic intent is clear: to create a complete value chain from waste to usable energy. For instance, the pilot project in India is designed to showcase the conversion of waste plastic into AquaH, which can then power fuel cells to generate clean electricity, thereby completing a circular economy loop. Furthermore, the ambitious plan for the Arizona facility to become the "first completely off grid pyrolysis conversion facility in the world" highlights the company's commitment to maximizing environmental benefits and operational independence through renewable energy integration.

Strategic Expansion and Competitive Landscape

Clean Vision's strategic roadmap involves aggressive expansion, establishing a global footprint for its pyrolysis operations. Its current revenue-generating operations are centered in Agadir, Morocco, through Clean-Seas Morocco, a 51% owned subsidiary acquired in April 2023. This facility, with a capacity to convert 20 tons per day (TPD) of waste plastic, serves as a crucial operational hub. The company's feedstock acquisition strategy involves securing plastic at reduced or no tipping fees, sometimes with revenue-sharing agreements, demonstrating a creative approach to supply chain management.

In the United States, Clean Vision is making significant strides with its Clean-Seas West Virginia facility, which broke ground in July 2025. This facility, bolstered by $12 million in state incentives and a $15 million term loan from The Huntington National Bank, is expected to commence operations in Q4 2025 at 50 TPD, with plans to scale rapidly to over 500 TPD within three years. A similar large-scale facility in Arizona is projected to begin operations in Q4 2026, starting at 100 TPD and expanding to 500 TPD. These expansions are critical for achieving the scale necessary to compete effectively in the waste-to-value market.

The competitive landscape for Clean Vision is diverse, encompassing established players in waste management and large-scale renewable energy. Companies like Waste Management, Inc. and Republic Services, Inc. dominate traditional waste collection and disposal, with growing investments in waste-to-energy. NextEra Energy, Inc. , on the other hand, is a renewable energy giant focused on utility-scale wind, solar, and grid infrastructure.

Clean Vision operates as a niche innovator within this ecosystem. Its primary competitive advantage lies in its specialized pyrolysis technology and adaptable business models, which allow it to target specific waste streams and produce diversified outputs. This focus on innovation could provide superior growth opportunities in emerging segments, potentially offering greater efficiency in energy recovery from waste compared to the broader, more traditional approaches of Waste Management, Inc. and Republic Services, Inc. For instance, CLNV's ability to integrate waste conversion with hydrogen production positions it uniquely in the burgeoning hydrogen market, a segment where Waste Management, Inc. and Republic Services, Inc. may lag in technological agility.

However, Clean Vision's smaller operational scale presents a significant competitive disadvantage. Larger players like Waste Management, Inc., Republic Services, Inc., and NextEra Energy, Inc. benefit from extensive infrastructure, established customer bases, and robust financial health, translating into superior cost efficiencies, stronger cash flow generation, and greater resilience against market fluctuations. While CLNV's strategic adaptability is a strength, its financial performance and execution capabilities are challenged by its current scale, making it difficult to match the operational efficiency and market share capture of its larger rivals. The high capital requirements and regulatory hurdles inherent in the waste-to-energy sector also act as significant barriers to entry, which, while protecting existing players, disproportionately favor those with established financial resources like NextEra Energy, Inc.

Operational Progress and Financial Performance

Clean Vision's operational progress is evident in its recent performance. For the three months ended June 30, 2025, the company reported revenue of $52,612, a substantial 124.3% increase compared to the same period in 2024. This growth was entirely driven by its Clean-Seas Morocco operations, demonstrating the initial success of its international ventures. However, for the six months ended June 30, 2025, total revenue decreased by 13.7% year-over-year to $63,137, indicating some variability in early-stage operations. The company maintains a strong gross profit margin of 94.39% on a TTM basis, reflecting its ability to acquire feedstock at zero cost.

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Despite revenue growth in the recent quarter, Clean Vision continues to incur significant operating expenses as it scales. Consulting expenses surged by 182.6% in Q2 2025 and 43.7% for the six-month period, largely due to increased activity for the West Virginia project and non-cash stock compensation. Similarly, advertising and promotion expenses nearly doubled in the first half of 2025, reflecting increased marketing efforts. General and administrative expenses also rose by 32.3% for the six-month period, driven by activities in Clean Seas UK, and new rent and maintenance costs associated with the West Virginia facility.

The company reported a net loss of $417,359 for Q2 2025 and $3.65 million for the six months ended June 30, 2025. While these losses are substantial, they were lower than the prior year periods, primarily due to a gain in the fair value of derivatives and a gain on the extinguishment of debt. On a TTM basis, the operating profit margin stands at a challenging -3600.26%, and the net profit margin at -6211.75%, underscoring the significant investment phase the company is in.

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Liquidity remains a critical concern. Clean Vision reported an accumulated deficit of $52.49 million as of June 30, 2025, and explicitly states that its current cash on hand will not be sufficient to fund projected operating requirements for the next twelve months. Cash used in operating activities increased to $3.96 million for the first half of 2025, while investing activities consumed $2.64 million, primarily for the West Virginia facility. The company's ability to fund these operations relies heavily on financing activities, which provided $8.70 million in net cash during the period, including a $6.82 million commercial loan for the West Virginia project.

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However, the company also carries $6.52 million in outstanding convertible notes, many of which are in default, incurring penalties and high interest rates ranging from 15% to 24%, posing a significant risk of dilution to existing shareholders. The TTM Debt/Equity ratio is -0.51, reflecting the substantial accumulated deficit.

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Outlook and Persistent Challenges

Clean Vision's outlook is tied to the successful execution and scaling of its new facilities. The West Virginia facility, expected to be operational in Q4 2025, and the Arizona facility, slated for Q4 2026, represent significant future revenue streams and operational capacity. The company's long-term strategy includes diversifying revenue through commodity sales, environmental credits (carbon, plastic, biodiversity), and potentially licensing fuel cell technology via its EcoCell subsidiary. These initiatives align with the broader industry trends of decarbonization and circular economy principles.

However, the path forward is fraught with risks. The "going concern" warning is a stark reminder of the company's precarious financial position. The reliance on future debt and equity financing, without assurance of success, could lead to further dilution for shareholders or restrictive debt covenants. The history of defaulted convertible notes and the associated penalties and increased interest rates highlight the challenges in managing its capital structure. While the lawsuit with Trillium Partners was settled, a new legal challenge from Borders Consulting, LLC, seeking $200,000 in damages, underscores the ongoing litigation risks.

The company's ability to transition from a development-heavy, cash-burning phase to profitable operations hinges on several factors: securing consistent feedstock supply, optimizing the efficiency of its pyrolysis units, establishing robust off-take agreements for its byproducts, and effectively managing its substantial debt load. The competitive landscape, dominated by larger, financially stronger entities, means Clean Vision must execute flawlessly to carve out and defend its niche.

Conclusion

Clean Vision Corporation presents a compelling, albeit high-risk, investment thesis rooted in its innovative approach to solving the global plastic waste crisis. Its pyrolysis technology offers a promising pathway to convert environmental liabilities into valuable clean energy assets, aligning with powerful macroeconomic trends in sustainability and decarbonization. The company's strategic expansion into West Virginia and Arizona, coupled with its operational facility in Morocco, demonstrates a clear vision for scaling its waste-to-value operations.

However, the journey is marked by significant financial headwinds. The "going concern" warning, substantial accumulated deficit, and reliance on dilutive financing underscore the critical need for successful operational ramp-up and disciplined capital management. While Clean Vision possesses a technological edge and a strategic focus on a growing market, its ability to translate this potential into sustained profitability and positive cash flow will dictate its long-term viability. Investors considering CLNV must weigh the substantial growth opportunities in the waste-to-value sector against the company's current financial fragility and the execution risks inherent in scaling an innovative, capital-intensive business. The coming quarters will be pivotal in demonstrating Clean Vision's capacity to overcome these challenges and realize its ambitious circular economy vision.

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