Clean Vision Corporation, through its Clean-Seas subsidiary, has signed a Letter of Intent (LOI) to build and operate a waste plastic-to-energy pyrolysis plant in Kinshasa in the Democratic Republic of Congo (DRC) with a US$30 million CAPEX price tag.
Kinshasa is the capital and the largest city of the DRC with a 2021 population of 15 million. The DRC Ministry of the Environment estimates that greater than 9,000 tons of municipal solid waste (MSW) is collected and disposed of daily with this waste being incinerated or dumped in landfills that are rapidly reaching capacity.
Clean Vision Corporation has also signed a binding memorandum of understanding (MOU) with Singapore-based Renewable Energy specialist Global Green International Investments (GGII) to develop the project.
The first phase of the plant's specifications is to provide for the daily conversion of 200 metric tons of MSW, out of the 9,000 tons collected, into 96 MWh of electricity, 15,000 liters of clean-burning diesel fuel, 3,500 liters of industrial lubricants, and three metric tons of char. Additionally, it will generate 70,000 metric tons of carbon credits per year.
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