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Empire Diversified Energy, Inc. (EDE) is a multifaceted holding company specializing in sustainable energy and logistics. The company operates primarily out of Follansbee, WV, where it manages The Port of West Virginia along with its Eco-Industrial Complex. Strategically located along the Ohio River, this facility serves as a crucial junction for both the East Coast and Midwest through its trimodal (road, river, rail) terminal.
Empire Diversified Energy is focused on deploying innovative, proven technologies aimed at clean energy generation. These technologies serve the transportation, waste, steel, and warehousing sectors to help decarbonize the region. The company is involved in a variety of projects, including the establishment of Empire River Rail, a shortline railroad designed to enhance connectivity and sustainability at The Port of West Virginia. This initiative aligns with the Department of Transportation’s goals of decarbonizing ports.
One of the significant recent achievements is the selection of Empire's wholly owned subsidiary, Empire Green Generation, LLC, by the Appalachian Regional Clean Hydrogen Hub (ARCH2) as a recipient of U.S. Department of Energy funds. This project aims to develop hydrogen projects throughout West Virginia, Ohio, western Pennsylvania, and Kentucky. The funding will assist in the engineering and buildout of an anaerobic digester project, using renewable feedstocks to generate green hydrogen for industrial and transportation fuel.
In March 2024, Empire announced a definitive agreement to merge with Vivakor, Inc., a clean energy technology company. This merger aims to create synergies that will accelerate revenue growth and expand infrastructure. As part of this, Empire’s flagship waste-to-energy pyrolysis plant is expected to come online in the second fiscal quarter of 2024. The plant is designed to recycle 70 tons of plastics per day, providing behind-the-grid electrical power to The Port while producing salable hydrochloric acid and excess gas for the market.
Empire Diversified Energy's strategic initiatives and projects highlight its commitment to sustainability and clean energy. The company continues to play a pivotal role in the region's economic growth and environmental sustainability.
Empire Diversified Energy, Inc. (OTC: MPIR) has announced that its renewable energy project is a key part of the Appalachian Regional Clean Hydrogen Hub's proposal to the U.S. Department of Energy, which seeks a share of $8 billion in federal funding for clean hydrogen development. The project, aimed at reducing fossil fuel dependence, will be implemented at a site in Follansbee, West Virginia, and is expected to power advanced trucks and industrial applications. Empire's initiatives could create hundreds of jobs and benefit the local economy. Chief Operating Officer Bernard Brown expressed excitement about the project and commitment to green technologies in West Virginia.
Empire Diversified Energy, Inc. (OTCQB: MPIR) has expanded its Board of Directors by appointing Al Salazar, known for founding Jefferson Enterprise group. Notably, Jefferson developed the Jefferson Terminal in Beaumont, Texas, and its Gladieux Metals Recycling, valued at over $1.2 billion. Salazar's expertise comes at a pivotal time following Empire's $26 million bond funding, which necessitates enhanced management capabilities. The company, focused on energy logistics and solutions, aims to develop a comprehensive network for international sales of petrochemicals.
Empire Diversified Energy (OTCQB: MPIR) announced the appointment of Joseph DiBartolomeo as Port Director for its subsidiary, Empire Trimodal Terminal, LLC., DBA Port of West Virginia. DiBartolomeo, a retired Brigadier General with 36 years of military service, previously served as City Manager of Weirton, West Virginia. His leadership is expected to enhance the expansion and modernization of the port's facilities, crucial for Empire's business development plans. CEO Frank Rosso highlighted DiBartolomeo's diverse experience as a key asset for the company's future growth.
Empire Diversified Energy, Inc. (OTCQB: MPIR) has announced that its subsidiary, Empire Trimodal Terminal, LLC, will operate as 'The Port of West Virginia' after receiving authorization from the State of West Virginia. This development is part of Empire's strategic plan to build a multifunctional inland water port terminal. The company recently secured a $26 million bond for dock and wharf development in Follansbee, WV, leveraging existing rail and truck access to enhance operations. This project aims to accommodate the increasing traffic from Post Panamax ships following the Panama Canal expansion.
Empire Diversified Energy Inc. (OTCQB: MPIR) has announced the completion of its purchase of the Koppers facility in Follansbee, WV, through its subsidiary, Petro Empire Liquids and Storage, LLC. This acquisition aligns with the company's strategy to develop an integrated energy and logistics terminal complex on the Ohio River near Pittsburgh, PA. The 35-acre site will be utilized to enhance its petrochemical storage and distribution capabilities. President Scotty Ewusiak expressed optimism about expanding their tank farm and water treatment facility at this location, emphasizing the project's timely nature.
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