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Waste Energy Corp (OTCQB:WAST) announced significant leadership changes as part of its strategic transformation from a Web3 and blockchain business to a waste-to-energy conversion company. Founder Cameron Chell has transitioned from Board Chairman to Advisory Board Chairman, while Shelly Murphy resigned from the Board of Directors. Scott Gallagher, current President, has been appointed Chairman and CEO. The company also welcomed W. Scott McBride, founder and CEO of EnergyFX, to its Board of Directors, bringing expertise in Pyrolysis technology. Ed Moy, former U.S. Mint Director, continues as a board member. These changes align with the company's new focus on converting discarded plastics into clean energy through Pyrolysis technology.
Waste Energy Corp (OTCQB:WAST) has announced plans for its plastic waste-to-fuel conversion business using pyrolysis technology and AI. The company has identified four strategic locations in North Carolina and Florida for initial operations. The first facility, scheduled to launch in early 2025, will process up to 20 tons of plastic waste daily, with plans to scale to 200 tons per day by year-end. The technology converts non-recyclable plastics into valuable fuels like diesel, gasoline, and industrial-grade feedstock through oxygen-free thermal decomposition. Site selection meetings are ongoing with local officials, with final location decisions expected by end of 2024.
Waste Energy Corp (formerly MetaWorks Platforms) announces its strategic rebranding and ticker symbol change from MWRK to WAST on the OTC Market, effective November 5th, 2024. The company is pivoting from digital platforms to focus on waste-to-energy conversion, specifically transforming waste plastics and used tires into clean, renewable diesel fuel using AI & Pyrolysis technology. This strategic shift aims to address environmental challenges while creating sustainable fuel alternatives. The company's new direction aligns with current market demands for eco-friendly practices and regulatory trends supporting cleaner US-based energy sources.
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