OS ANGELES, CA / ACCESSWIRE / November 30, 2021 / Clean Vision Corporation (OTC PINK:CLNV), a global holding company that acquires and operates sustainable clean tech and green energy businesses, today announced that, pursuant to its Clean-Seas subsidiary's purchase of a waste plastic-to-energy pyrolysis plant to showcase its technology in India announced November 16, it is poised to enter the $125 billion hydrogen generation marketplace which analysts project increasing to $184 billion by 2028.
The Company's purchase and shipment of its 2.5 ton/day pyrolysis plant follows its MOU signed in October with the Council of Scientific and Industrial Research (CSIR)-Indian Institute of Chemical Technology (IICT) providing for both parties to work together to bring Clean-Seas' waste plastic-to-energy conversion technology to India to help mitigate its growing waste streams and provide clean energy as a part of the $1 trillion renewable energy infrastructure plan already being implemented by the Indian government.
Clean-Seas, along with its technology partners, is developing improved methods of converting mixed plastic waste to efficiently produce hydrogen and store it with state-of-the-art fuel cell technology further enhancing the project's economics. The Clean-Seas pyrolysis plant is being retrofitted in California accordingly and readied for shipment to Hyderabad for a Q1 2022 installation. When operational, the plant will produce the Company's brand of clean hydrogen called "AquaH™" that is generated from a waste stream which falls between green and blue hydrogen as explained in this link.
The pilot plant will showcase the Company's technology and economics; with the support of IICT it expects to subsequently install numerous large-scale plants throughout India. In 2020, Asia Pacific accounted for the largest revenue share of hydrogen generation with over 35%, and the trend is expected to continue till 2028 led by China, Japan, South Korea, India, and Australia.
