EMPIRE DIVERSIFIED ENERGY CLOSES $10 MILLION FINANCING FOR FINAL COMMISSIONING OF RECYCLING PLANT IN WEST VIRGINIA
Empire Diversified Energy (OTC Pink: MPIR) has secured financing of up to $10 million through its subsidiary Empire Green Generation (GreenGen) for a recycling plant in West Virginia. The initial draw was $4 million from the total authorized amount.
The GreenGen facility, located at the Empire Riverfront Industrial Complex in Follansbee, will convert waste plastics into pyrolysis oils using proven technology. The plant is designed to recycle 70 metric tons of plastic per day and will generate 1.4 MW of electricity from syngas for its operations.
The facility benefits from multi-modal logistics infrastructure access at the Port of West Virginia. The company expects the commissioning process to transition into full operations in the next quarter.
Empire Diversified Energy (OTC Pink: MPIR) ha ottenuto un finanziamento fino a 10 milioni di dollari tramite la sua controllata Empire Green Generation (GreenGen) per un impianto di riciclaggio nella Virginia Occidentale. Il primo prelievo è stato di 4 milioni di dollari dall'importo totale autorizzato.
La struttura GreenGen, situata nel complesso industriale Empire Riverfront a Follansbee, convertirà i rifiuti di plastica in oli di pirolisi utilizzando tecnologie consolidate. L'impianto è progettato per riciclare 70 tonnellate metriche di plastica al giorno e genererà 1,4 MW di elettricità da syngas per le sue operazioni.
La struttura beneficia di un accesso a infrastrutture logistiche multimodali presso il porto della Virginia Occidentale. L'azienda prevede che il processo di messa in servizio passerà a operazioni complete nel prossimo trimestre.
Empire Diversified Energy (OTC Pink: MPIR) ha obtenido financiamiento de hasta 10 millones de dólares a través de su filial Empire Green Generation (GreenGen) para una planta de reciclaje en Virginia Occidental. El primer desembolso fue de 4 millones de dólares del monto total autorizado.
La instalación de GreenGen, ubicada en el complejo industrial Empire Riverfront en Follansbee, convertirá plásticos desechados en aceites de pirólisis utilizando tecnología probada. La planta está diseñada para reciclar 70 toneladas métricas de plástico al día y generará 1.4 MW de electricidad a partir de syngas para sus operaciones.
La instalación se beneficia del acceso a infraestructura logística multimodal en el puerto de Virginia Occidental. La empresa espera que el proceso de puesta en marcha transite a operaciones completas en el próximo trimestre.
엠파이어 다이버시파이드 에너지 (OTC Pink: MPIR)는 자회사 엠파이어 그린 제너레이션(GreenGen)을 통해 웨스트버지니아에 있는 재활용 공장을 위해 최대 1천만 달러의 자금을 확보했습니다. 초기 인출액은 총 승인 금액 중 400만 달러였습니다.
Follansbee에 위치한 GreenGen 시설은 검증된 기술을 사용하여 폐 플라스틱을 열분해유로 전환합니다. 이 공장은 하루에 70미터 톤의 플라스틱을 재활용하도록 설계되었으며, 운영을 위해 시너스를 통해 1.4MW의 전기를 생성할 것입니다.
이 시설은 웨스트버지니아 항구에서 다중 모드 물류 인프라에 접근할 수 있는 이점을 가지고 있습니다. 회사는 다음 분기 내에 가동 준비 과정이 완전 운영으로 전환될 것으로 예상하고 있습니다.
Empire Diversified Energy (OTC Pink: MPIR) a obtenu un financement allant jusqu'à 10 millions de dollars par l'intermédiaire de sa filiale Empire Green Generation (GreenGen) pour une usine de recyclage en Virginie-Occidentale. Le premier tirage a été de 4 millions de dollars sur le montant total autorisé.
La structure GreenGen, située dans le complexe industriel Empire Riverfront à Follansbee, convertira les plastiques usagés en huiles de pyrolyse en utilisant une technologie éprouvée. L'usine est conçue pour recycler 70 tonnes métriques de plastique par jour et générera 1,4 MW d'électricité à partir de syngas pour ses opérations.
La structure bénéficie d'un accès à une infrastructure logistique multimodale au port de Virginie-Occidentale. L'entreprise s'attend à ce que le processus de mise en service passe à des opérations complètes au cours du prochain trimestre.
Empire Diversified Energy (OTC Pink: MPIR) hat über seine Tochtergesellschaft Empire Green Generation (GreenGen) eine Finanzierung von bis zu 10 Millionen Dollar für ein Recyclingwerk in West Virginia gesichert. Die erste Abhebung betrug 4 Millionen Dollar des insgesamt genehmigten Betrags.
Die GreenGen-Anlage, die sich im Empire Riverfront Industrial Complex in Follansbee befindet, wird Abfallkunststoffe mithilfe bewährter Technologie in Pyrolyseöle umwandeln. Die Anlage ist darauf ausgelegt, 70 metrische Tonnen Kunststoff pro Tag zu recyceln und wird 1,4 MW Strom aus Syngas für ihren Betrieb erzeugen.
Die Einrichtung profitiert von einem Zugang zu multimodalen Logistik-Infrastrukturen im Hafen von West Virginia. Das Unternehmen erwartet, dass der Inbetriebnahmeprozess im nächsten Quartal in den Vollbetrieb übergeht.
- Secured $10 million in financing with $4 million initial draw
- Plant capacity of 70 metric tons per day of plastic recycling
- Self-sustaining operation with 1.4 MW electricity generation
- Strategic location with multi-modal logistics access
- Plant not yet operational, still in commissioning phase
The GreenGen recycling plant provides an energy efficient, sustainable solution for waste plastics, using commercially proven technology to convert waste plastics into pyrolysis oils that are used as displacements for petroleum derived commodities, specifically to petrochemical refiners seeking a circular economy for non-biodegradable plastic waste. The parasitic load will be met through the generation of 1.4 MW of electricity from the plant's syngas. The operations are designed to recycle 70 metric tons per day of plastic by employing a sustainable and eco-friendly pyrolytic process.
GreenGen is located at the Empire Riverfront Industrial Complex, which provides advantaged access to multi-modal logistics infrastructure at the Port of
Frank Rosso, Empire's Chief Executive Officer, stated: "We are very thankful for our lender's continual support as we expand our recycling and sustainability efforts at the Port of
About Empire Diversified Energy, Inc.
Empire Diversified Energy, Inc. is a multifaceted holding company with business units in the sustainable energy and logistics sector. Empire's primary location is in
Forward-looking Information
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the
Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond Empire's control) and assumptions that could cause actual results to differ materially from those anticipated. Although Empire believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the outcome or results, including but not limited to, market conditions, regulatory changes affecting our industry, supply chain disruptions, as well as those risk factors described from time to time by us in our filings with the
Any forward-looking statement made by Empire in this press release speaks only as of the date on which it is made. Empire undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
For further information, please contact Empire Diversified Energy, Inc.'s Investor Relations: 954-332-2423 www.empirediversifiedenergy.com
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SOURCE Empire Diversified Energy Inc.
FAQ
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