Clean Vision Corp. to invest $50M in pyrolysis plant in West Virginia

Last week, Manhattan Beach, California-based Clean Vision Corp. signed a memorandum of agreement between its Clean-Seas West Virginia subsidiary and the West Virginia Department of Economic Development to leverage a $50 million investment in a pyrolysis plant in Quincy, West Virginia.

According to a news release, the state incentivized Clean Vision to select West Virginia for the location of the project by providing $1.75 million in performance-based loans as well as tax and employment incentives.

“West Virginia will provide an ideal location as we continue to scale our plastic conversion network domestically as well as globally,” Clean Vision CEO Dan Bates says. “The funding provision will allow us to leverage our own investments for a substantial jump in [return on investment] on this facility.”

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Gov. Jim Justice adds that the project is expected to create a minimum of 40 full-time jobs.

“West Virginia has always been a globally recognized leader in energy,” Bates says. “We’re excited to help West Virginia lead in clean energy for the next century.”