Clean Vision, MacVallee partner on plastics recycling facility

Clean Vision Corp., Los Angeles, has announced that its wholly owned subsidiary, Manhattan Beach, California-based Clean-Seas Inc., has signed letters of intent with Templeton, Massachusetts-based MacVallee LLC to establish a co-located Clean-Seas facility in central Massachusetts that will divert postindustrial and ocean-bound plastic from landfills and incineration and convert it into precursors for new plastics, ultra-low sulfur fuels, pyrolysis oils and Clean-Seas’ branded hydrogen, AquaH.

MacVallee says it purchased the site earlier this year and will establish its own complementary recycling facility at the location, with revenue operations planned to begin in the first quarter of 2023. The company says it will source plastic feedstock for both facilities under an agreement with Argyle, New York-based Evolve Resource Management.

MacVallee says it will draw on existing relationships across the U.S. to ensure a consistent supply of plastic feedstock to its facility and to the Clean-Seas co-located plant. In phase one, Clean-Seas says it projects to process 50 tons per day with the expectation to expand the facility in subsequent phases, eventually diverting up to 500 tons per day of plastic material from landfills and incineration.

The companies say they expect the new facility to begin operations in early 2024.

“Our combined efforts will ensure that every scrap of plastic finds a beneficial use, on one site,” MacVallee President Daniel McLaughlin says. “We are excited to partner with Clean-Seas.”

Clean-Seas says it will use its relationships to secure the capital and technology to establish the facilities.

“This is a great opportunity for Clean-Seas to partner with a company whose management has deep roots in the recycling industry and that also shares our commitment to sustainability and innovation,” Clean-Seas Vice President of Business Development John Yonce says. “This partnership will deliver significant economies of scale to both companies’ operations.”

The first phase of the Clean-Seas facility is budgeted at $20 million, the company says, with funding anticipated from equity and project debt, to support a projected revenue of $7 million in the first year. Operations will begin at MacVallee’s 24-acre site in central Massachusetts, which is adjacent to a rail line for efficient delivery of plastic feedstock and shipping of finished commodity products.

The companies say additional sources of funding for the project could include the Massachusetts commonwealth and federal incentives and grants that are available through the Inflation Reduction Act.