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Wednesday, 10/23/2024 2:59:59 PM

Wednesday, October 23, 2024 2:59:59 PM

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I have gone back and listened to the past two conference calls hosted by Dan Bates and have some questions that I am hoping someone will be able to answer. Let me state up front that I do have extensive experience with plastic recycling and know a bit but not a lot about pyrolysis

Mr. Bates has said that the West Virginia facility will begin production using postindustrial scrap as the feedstock. While I have no problem doing this, I do question the feasibility of really making this happen. Mr. Bates has mentioned that the plant will begin production on one line and will process 50 tons of plastic scrap per day and will eventually install four lines. Assuming the plant runs 5 days per week this equates to 25 million pounds of feedstock per year with one line. This is a lot of material and sourcing such quantities could be problematic as well as expensive, very expensive.

It was mentioned that the company, McValley LLC. will be supplying the postindustrial feedstock for the WV plant. In trying to research this company the only information I have been able to come up with is a company with this name in California that is involved with real estate investing. There is a MacValley Oil Company which is in the business of delivering gasoline and propane to commercial locations. I could not find any way that this company has feedstock required to supply the plant. Could anyone help me with this?

Processing 25 million pounds of material daily on one line one thing, processing 100 million pounds daily on four lines without using post-consumer material is a whole different ball game. If the plant needs to source post-consumer material to meet its goals are there plans to install a sorting and wash line in the plant?
One of the initial reasons I had for investing in CLNV was Clean Seas. I liked the idea of collecting plastic from our lakes, streams, and seas. I have heard nothing about Clean Seas for over a year and was wondering if this is still a practical business. If it is, can you please tell me where it is operating and how much plastic it is collecting monthly and to whom is it sold?


I have gone back and listened to the past two conference calls hosted by Dan Bates and have some questions that I am hoping someone will be able to answer. Let me state up front that I do have extensive experience with plastic recycling and know a bit but not a lot about pyrolysis

Mr. Bates has said that the West Virginia facility will begin production using postindustrial scrap as the feedstock. While I have no problem doing this, I do question the feasibility of really making this happen. Mr. Bates has mentioned that the plant will begin production on one line and will process 50 tons of plastic scrap per day and will eventually install four lines. Assuming the plant runs 5 days per week this equates to 25 million pounds of feedstock per year with one line. This is a lot of material and sourcing such quantities could be problematic as well as expensive, very expensive.

It was mentioned that the company, McValley LLC. will be supplying the postindustrial feedstock for the WV plant. In trying to research this company the only information I have been able to come up with is a company with this name in California that is involved with real estate investing. There is a MacValley Oil Company which is in the business of delivering gasoline and propane to commercial locations. I could not find any way that this company has feedstock required to supply the plant. Could anyone help me with this?

Processing 25 million pounds of material daily on one line one thing, processing 100 million pounds daily on four lines without using post-consumer material is a whole different ball game. If the plant needs to source post-consumer material to meet its goals are there plans to install a sorting and wash line in the plant?
One of the initial reasons I had for investing in CLNV was Clean Seas. I liked the idea of collecting plastic from our lakes, streams, and seas. I have heard nothing about Clean Seas for over a year and was wondering if this is still a practical business. If it is, can you please tell me where it is operating and how much plastic it is collecting monthly and to whom is it sold?
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