$CLNV Clean Vision Corporation Engages Grant Thornton to Conduct $340 Million Green Bond for Global Plastic Conversion Facilities
https://www.accesswire.com/791420/clean-visio...facilities
LOS ANGELES, CA / ACCESSWIRE / October 11, 2023 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company"
, a leading innovator in sustainable technologies, today announced that it has entered into a strategic engagement agreement with Grant Thornton International ("Grant Thornton" , a renowned global advisory firm, in 2023, for the issuance of up to $340 million in the form of notes (the "Green Bonds" . The Green Bonds will be issued (i) in accordance with the EU-Green Bond Standard in connection with the action plan of the European Commission on financing sustainable growth and as contemplated by the Technical Expert Group on Sustainable Finance (TEG) and proposed to the European Commission in its Interim Report on a "Proposal for an EU Green Bond Standard" and (ii) as bearer bonds under German law. The Company plans to use the net proceeds from the proposed Green Bond and note issuance to fund the establishment and operation of its patent-pending Plastic Conversion Network ("PCN" under the "Clean-Seas" banner worldwide. Clean Vision's engagement with Grant Thornton represents a significant step towards deploying the PCN and combating plastic pollution and advancing a cleaner, greener future.
Clean Vision aims to tackle the plastic pollution crisis by implementing its PCN on a global scale. With the net proceeds of the Green Bond, the Company expects to accelerate and expand its PCN by deploying plastic conversion facilities across multiple regions, worldwide.
The PCN is designed to optimize the way plastic waste is managed. Through our PCN, we strive to connect plastic feedstock to strategically located conversion facilities and reduce costs, logistics and carbon footprint associated with converting plastic waste, thereby reducing the environmental impact of plastic pollution. With a successful closing of the Green Bond, Clean Vision expects to be poised to make a substantial difference by commissioning a minimum of six plastic waste conversion lines in its PCN globally.
The Company intends to use the Green Bond proceeds to install its PCNs in West Virginia, Arizona, and Southeast Asia and expand its currently operational Moroccan facility. Our goal is for these strategically chosen locations to serve as pivotal hubs in the Company's mission to combat plastic pollution and create a more sustainable future for our planet.
Mr. Daniel Bates, CEO of Clean Vision, expressed his excitement about the engagement with Grant Thornton and the potential notes issuance, stating, "This engagement with Grant Thornton underscores our dedication to driving change in the fight against plastic pollution. I believe this is further validation of our commitment to sustainable innovation. We believe that with the support of our partners and investors, we can make a significant impact on a global scale."
Grant Thornton, known for its expertise in financial advisory and legal services in particular with regard to sustainable investments, is enthusiastic about supporting Clean Vision's mission to address one of the most pressing environmental challenges of our time. Together, they aim to demonstrate that sustainable business practices can go hand-in-hand with financial success.
"We are excited to work with Clean Vision on this groundbreaking initiative," said Dr. Oliver Decker, Partner and Head of Financial Services Legal at Grant Thornton. "We believe our expertise in sustainable finance and Clean Vision's innovative technology will create a powerful combination. We look forward to helping Clean Vision bring its vision to life."
The Green Bond is anticipated to attract environmentally conscious investors and institutions looking to support sustainable initiatives. Clean Vision is confident that this engagement with Grant Thornton and a successful Green Bond, which cannot be guaranteed, will not only drive positive environmental change but also set a new standard for corporate responsibility in the fight against plastic pollution.
Clean Vision is committed to transparency and will provide regular updates on the progress of the "Clean-Seas" initiative and the deployment of plastic conversion facilities through our PCN.
A video supporting the Green Bond can be seen here: www.cleanvisioncorp.com/greenbondvideo
https://www.accesswire.com/791420/clean-visio...facilities
LOS ANGELES, CA / ACCESSWIRE / October 11, 2023 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company"
, a leading innovator in sustainable technologies, today announced that it has entered into a strategic engagement agreement with Grant Thornton International ("Grant Thornton" , a renowned global advisory firm, in 2023, for the issuance of up to $340 million in the form of notes (the "Green Bonds" . The Green Bonds will be issued (i) in accordance with the EU-Green Bond Standard in connection with the action plan of the European Commission on financing sustainable growth and as contemplated by the Technical Expert Group on Sustainable Finance (TEG) and proposed to the European Commission in its Interim Report on a "Proposal for an EU Green Bond Standard" and (ii) as bearer bonds under German law. The Company plans to use the net proceeds from the proposed Green Bond and note issuance to fund the establishment and operation of its patent-pending Plastic Conversion Network ("PCN" under the "Clean-Seas" banner worldwide. Clean Vision's engagement with Grant Thornton represents a significant step towards deploying the PCN and combating plastic pollution and advancing a cleaner, greener future. Clean Vision aims to tackle the plastic pollution crisis by implementing its PCN on a global scale. With the net proceeds of the Green Bond, the Company expects to accelerate and expand its PCN by deploying plastic conversion facilities across multiple regions, worldwide.
The PCN is designed to optimize the way plastic waste is managed. Through our PCN, we strive to connect plastic feedstock to strategically located conversion facilities and reduce costs, logistics and carbon footprint associated with converting plastic waste, thereby reducing the environmental impact of plastic pollution. With a successful closing of the Green Bond, Clean Vision expects to be poised to make a substantial difference by commissioning a minimum of six plastic waste conversion lines in its PCN globally.
The Company intends to use the Green Bond proceeds to install its PCNs in West Virginia, Arizona, and Southeast Asia and expand its currently operational Moroccan facility. Our goal is for these strategically chosen locations to serve as pivotal hubs in the Company's mission to combat plastic pollution and create a more sustainable future for our planet.
Mr. Daniel Bates, CEO of Clean Vision, expressed his excitement about the engagement with Grant Thornton and the potential notes issuance, stating, "This engagement with Grant Thornton underscores our dedication to driving change in the fight against plastic pollution. I believe this is further validation of our commitment to sustainable innovation. We believe that with the support of our partners and investors, we can make a significant impact on a global scale."
Grant Thornton, known for its expertise in financial advisory and legal services in particular with regard to sustainable investments, is enthusiastic about supporting Clean Vision's mission to address one of the most pressing environmental challenges of our time. Together, they aim to demonstrate that sustainable business practices can go hand-in-hand with financial success.
"We are excited to work with Clean Vision on this groundbreaking initiative," said Dr. Oliver Decker, Partner and Head of Financial Services Legal at Grant Thornton. "We believe our expertise in sustainable finance and Clean Vision's innovative technology will create a powerful combination. We look forward to helping Clean Vision bring its vision to life."
The Green Bond is anticipated to attract environmentally conscious investors and institutions looking to support sustainable initiatives. Clean Vision is confident that this engagement with Grant Thornton and a successful Green Bond, which cannot be guaranteed, will not only drive positive environmental change but also set a new standard for corporate responsibility in the fight against plastic pollution.
Clean Vision is committed to transparency and will provide regular updates on the progress of the "Clean-Seas" initiative and the deployment of plastic conversion facilities through our PCN.
A video supporting the Green Bond can be seen here: www.cleanvisioncorp.com/greenbondvideo
