Waste Energy Corp Secures up to $750,000 Non-Dilutive Financing Commitment to Complete Buildout of Fayetteville, NC Waste-to-Energy Facility
Waste Energy Corp (OTCQB:WAST) has secured a non-dilutive financing commitment of up to $750,000 through non-convertible preferred shares, with the first tranche of $175,000 already closed. The funding will be used to complete the buildout of its first waste-to-energy conversion facility in Fayetteville, North Carolina, expected to be operational by June 1, 2025.
The Fayetteville facility, utilizing pyrolysis technology to transform waste plastic and tires into fuel, is projected to generate between $1.5 million and $5 million in revenue in its first full year of operation. The facility's launch is subject to completion of site build-out, permitting, and compliance approvals.
Waste Energy Corp (OTCQB:WAST) ha ottenuto un impegno di finanziamento non diluitivo fino a $750.000 attraverso azioni privilegiate non convertibili, con la prima tranche di $175.000 già chiusa. I fondi saranno utilizzati per completare la costruzione della sua prima struttura di conversione dei rifiuti in energia a Fayetteville, North Carolina, che dovrebbe essere operativa entro il 1° giugno 2025.
La struttura di Fayetteville, che utilizza la tecnologia di pirolisi per trasformare la plastica e gli pneumatici di scarto in combustibile, prevede di generare tra $1,5 milioni e $5 milioni di ricavi nel suo primo anno completo di operatività. Il lancio della struttura è soggetto al completamento della costruzione del sito, ai permessi e alle approvazioni di conformità.
Waste Energy Corp (OTCQB:WAST) ha asegurado un compromiso de financiamiento no dilutivo de hasta $750,000 a través de acciones preferentes no convertibles, con la primera tranche de $175,000 ya cerrada. Los fondos se utilizarán para completar la construcción de su primera instalación de conversión de residuos en energía en Fayetteville, Carolina del Norte, que se espera esté operativa para el 1 de junio de 2025.
La instalación de Fayetteville, que utiliza tecnología de pirólisis para transformar plásticos y neumáticos de desecho en combustible, se proyecta que genere entre $1.5 millones y $5 millones en ingresos en su primer año completo de operación. El lanzamiento de la instalación está sujeto a la finalización de la construcción del sitio, permisos y aprobaciones de cumplimiento.
Waste Energy Corp (OTCQB:WAST)는 비희석 자금 조달 약정을 최대 $750,000 확보했으며, 비전환 우선주를 통해 이루어졌습니다. 첫 번째 분할금 $175,000는 이미 완료되었습니다. 자금은 노스캐롤라이나주 페이엇빌에 있는 첫 번째 폐기물 에너지 전환 시설의 건설을 완료하는 데 사용될 예정이며, 2025년 6월 1일까지 운영될 것으로 예상됩니다.
페이엇빌 시설은 폐기물 플라스틱 및 타이어를 연료로 변환하기 위해 열분해 기술을 활용하며, 첫 해 운영에서 $1.5백만에서 $5백만의 수익을 창출할 것으로 예상됩니다. 시설의 출시는 부지 건설 완료, 허가 및 규정 준수 승인의 완료에 따라 달라집니다.
Waste Energy Corp (OTCQB:WAST) a obtenu un engagement de financement non dilutif pouvant atteindre 750 000 $ par le biais d'actions privilégiées non convertibles, avec la première tranche de 175 000 $ déjà clôturée. Les fonds seront utilisés pour achever la construction de sa première installation de conversion des déchets en énergie à Fayetteville, Caroline du Nord, qui devrait être opérationnelle d'ici le 1er juin 2025.
L'installation de Fayetteville, utilisant la technologie de pyrolyse pour transformer les plastiques et les pneus usagés en carburant, devrait générer entre 1,5 million et 5 millions de dollars de revenus lors de sa première année complète d'exploitation. Le lancement de l'installation est soumis à l'achèvement de la construction du site, des permis et des approbations de conformité.
Waste Energy Corp (OTCQB:WAST) hat sich ein nicht verwässerndes Finanzierungsengagement von bis zu 750.000 USD durch nicht konvertierbare Vorzugsaktien gesichert, wobei die erste Tranche von 175.000 USD bereits abgeschlossen ist. Die Mittel werden verwendet, um den Bau ihrer ersten Anlage zur Umwandlung von Abfällen in Energie in Fayetteville, North Carolina, abzuschließen, die voraussichtlich am 1. Juni 2025 in Betrieb genommen wird.
Die Fayetteville-Anlage, die Pyrolysetechnologie nutzt, um Kunststoffabfälle und Reifen in Treibstoff umzuwandeln, wird voraussichtlich im ersten vollen Betriebsjahr zwischen 1,5 Millionen und 5 Millionen USD Umsatz generieren. Der Start der Anlage hängt vom Abschluss des Baus des Standorts, von Genehmigungen und von Compliance-Zustimmungen ab.
- Secured non-dilutive financing up to $750,000 with first tranche of $175,000 closed
- Projected revenue of $1.5-5 million in first full year of operation
- Non-dilutive funding structure preserves shareholder value
- Facility operation dependent on pending permits and compliance approvals
- Revenue generation delayed until Q2 2025
Company has closed on the first tranche of
FAIRFIELD, CA / ACCESS Newswire / February 18, 2025 / Waste Energy Corp ("Waste Energy" or the "Company"), (OTCQB:WAST), an emerging waste-to-energy (WTE) company at the forefront of sustainable innovation, dedicated to diverting plastic and tires waste streams from oceans, streams, nature and food supplies, announced that it has successfully closed the first tranche of
Waste Energy Corp CEO, Scott Gallagher commented, "The Fayetteville facility represents a major milestone in Waste Energy Corp's strategy to transform waste into profit by converting discarded plastic waste into clean, U.S.-produced fuel. Expected to generate between
Gallagher went on to say "This funding marks a pivotal milestone in launching our first waste-to-energy facility into full operation and revenue generation by Q2. It underscores our commitment to delivering profitable, sustainable solutions while positioning Waste Energy Corp for significant growth in the waste to energy sector." Gallagher continued, "With the support of our investors and stakeholders, we are accelerating our mission to create a cleaner future by ensuring that every single piece of plastic we touch and process is diverted from landfills, converted into usable fuel, and fully removed from the plastic waste ecosystem."
Waste Energy Corp's pyrolysis technology is designed to efficiently transform waste materials, specifically waste plastic and tires, into valuable energy sources by diverting, converting and removing every piece of plastic it touches from the waste ecosystem. By developing this first facility, the company is demonstrating the commercial viability of its technology and paving the way for future expansion.
The company continues to actively pursue additional partnerships and strategic investments to scale its operations and expand its impact in the waste-to-energy sector.
For more information about Waste Energy Corp, please visit www.WasteEnergyCorp.com.
Company Contact:
Scott Gallagher, CEO
Waste Energy Corp
(727) 417-7807
Scott@MetaWorksPlatforms.io
About Waste Energy Corp
Waste Energy Corp is committed to redefining waste as an asset and to reducing the volume of non-recyclable waste in landfills and incinerators. Specializing in the conversion of waste plastics and used tires into clean diesel fuel. The company will combine AI & Pyrolysis technologies to reduce the volume of plastic and tire waste in landfills while developing a new, clean, US based energy source.
Waste Energy Corp. trades on the OTCQB market, over the counter under the ticker symbol: WAST. Waste Energy Corp is an SEC exchange act, fully reporting company. For more information on Waste Energy Corp, please visit www.WasteEnergyCorp.com. For additional investor or financial information visit: www.SEC.gov.
Forward-Looking Statements
This press release contains forward-looking statements regarding Waste Energy Corp's business operations and future financial performance and projections. These statements are subject to various risks and uncertainties, including market conditions and regulatory approvals and other factors outside of the control of WEC, which may impact the actual results. Investors are encouraged to review all risk factors and results disclosed in the company's public filings with the Securities and Exchange commission at www.SEC.Gov.
SOURCE: Waste Energy Corp.
View the original press release on ACCESS Newswire
FAQ
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