Empire Diversified Energy Secures $10 Million for Advanced Recycling Plant

FOLLANSBEE, W.Va., Feb. 24, 2025 /PRNewswire/ — Empire Diversified Energy, Inc. MPIR (the “Company”) proudly announces the completion of financing up to $10,000,000 for its subsidiary, Empire Green Generation, LLC (“GreenGen”). This financing was executed through the sale of Solid Waste Disposal Facilities Revenue Bonds (Series 2025) with the West Virginia Economic Development Authority (the “Financing”). GreenGen’s initial capital draw amounts to $4,000,000 from the approved $10,000,000.

Innovative Solutions for Plastic Waste

The GreenGen recycling facility offers a cutting-edge, energy-efficient approach to handling waste plastics. Utilizing proven technologies, the plant converts these materials into pyrolysis oils that can replace petroleum-based products. This initiative serves petrochemical refiners dedicated to fostering a circular economy that effectively manages non-biodegradable plastic waste. Moreover, the plant will generate 1.4 MW of electricity from syngas to meet its own energy needs, reinforcing its sustainable operations while recycling 70 metric tons of plastic daily through an eco-friendly pyrolytic process.

Strategic Location for Operations

Situated at the Empire Riverfront Industrial Complex, GreenGen benefits from advantageous access to extensive logistics infrastructure at the Port of West Virginia, located in Follansbee, West Virginia.

Leadership Insight

Frank Rosso, Chief Executive Officer of Empire, expressed gratitude for the ongoing support from their lender as they expand their sustainability initiatives at the Port of West Virginia. He remarked, “Empire Green Generation aims to set a benchmark for waste-to-energy recycling facilities across the nation. Our team’s dedication over the past three years has been pivotal in bringing this vision to life. We will continue to keep our stakeholders informed as we transition into full operations in the upcoming quarter.”

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is a dynamic holding company that operates in the sustainable energy and logistics sectors. The company is based in Follansbee, West Virginia, where it oversees the Port of West Virginia within its Eco-Industrial Complex. This strategic location along the Ohio River connects the East Coast to the Midwest via a trimodal facility. Empire is actively deploying innovative technologies to advance clean energy generation while targeting transportation, waste, steel, and warehousing sectors, underscoring its commitment to regional decarbonization.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined by the U.S. Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that might cause actual results to vary significantly. Terms such as “anticipate,” “intend,” “plan,” and “estimate” indicate forward-looking statements. It’s important for investors to be aware that these statements are not guarantees of future performance and should be considered with caution.

Empire’s forward-looking statements reflect conditions as of the date they are made, and the company does not commit to updating them unless legally required.

For further information, contact Empire Diversified Energy, Inc. Investor Relations at 954-332-2423 or visit www.empirediversifiedenergy.com.

 View original content: https://www.prnewswire.com/news-releases/empire-diversified-energy-closes-10-million-financing-for-final-commissioning-of-recycling-plant-in-west-virginia-302382880.html

SOURCE Empire Diversified Energy Inc.