Thursday, June 02, 2022 8:59:56 PM
Over 20 years in business, Nantes, France-based Jalaber Diffusion (JD) provides recycling and recovery services for packaging and production waste. Nantes has a metropolitan population of 700,000, and is located 213 miles southwest of Paris on the Loire River; it is a port city with direct shipping access to the Atlantic Ocean 31 miles downriver.
Clean Vision Chief Executive Officer, Dan Bates, commented, "France is a European leader in its sensitivity to sustainability and climate change. Jalaber is a terrific operating company, with deep expertise and extensive relationships in waste recycling and recovery that pre-dates the green energy and sustainability industries as we know them today.
"As with all the LOIs and term sheets we've established with municipal and industrial entities worldwide, our focus is advancing those preliminary agreements to a definitive contract that includes our partner providing land for the facility, local permitting, and feedstock and off-take agreements," Mr. Bates added. "That should enable us to assemble a bankable package that we can take to investors for project financing."
"Following on the heels of our planned project in Morocco, this LOI with JD gives Clean-Seas yet another piece in the PCN network upon which we expect to build, and I am excited to begin the process of securing the needed elements," said Daniel Harris, V.P. Business Development.
C-S /Jalaber Term Sheet Highlights
The Term Sheet is intended to govern the relationship between the parties until such time that a formal definitive agreement may be implemented. It provides for the two companies to enter into a business relationship in which C-S will establish a new US company, Clean-Seas Brittany, LLC (CSB), and JD will set up any corresponding business entities as needed within France.
Under the terms, CSB is to:
Manage construction, operations, contractors, finances and off-take customers for pyrolysis oil, AquaHtm hydrogen, char, and lubricants for a 100 tons-per-day (TPD) pyrolysis facility -- with potential to increase to 500 TPD.
Hold a controlling stake in the resultant jointly owned entity.
JD is to:
Provide suitable land to support 100-TPD processing, and additional land to expand to 500 TPD processing if later agreed upon.
Obtain all licenses and permits as required, and secure tax incentives if available.
Source feedstock and assist with off-take agreements.
Ensure compliance with Basel Convention rules for the responsible storage and recycling of feedstock coming from other nations.
Recent CLNV News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 08:23:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 04:53:06 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 07:49:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 09:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 10:01:01 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 04:01:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 09:31:49 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 12/15/2023 09:57:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 10:03:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:54:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/03/2023 08:59:55 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/26/2023 04:15:31 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 09/20/2023 08:15:48 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 09/15/2023 09:29:32 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 08/31/2023 01:59:28 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:23:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 07:48:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2023 07:14:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2023 07:39:44 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM