Empire Diversified Energy Closes $10 Million Financing for Final Commissioning of West Virginia Recycling Plant

Empire Diversified Energy, Inc. (OTC Pink: MPIR) has announced the closure of a $10 million financing deal for the final commissioning of its recycling plant in West Virginia. The plant, located at the Empire Riverfront Industrial Complex in Follansbee, West Virginia, is expected to generate significant economic development and job creation in the region.

The recycling plant, which will recycle 70 metric tons of plastic per day, will generate 1.4 MW of electricity from syngas for its operations. This will create jobs in various sectors, including plant operations and maintenance, waste collection and transportation, energy production and distribution, and support services. According to the company, the project is expected to create hundreds of jobs, contributing to West Virginia's broader economic goals of reducing unemployment and fostering a skilled workforce.

The plant's construction includes a newly constructed 30,000 square foot all-weather building to house the pyrolysis equipment and a repurposed 20,000 square foot structure for feedstock storage. This infrastructure development will attract further investments and businesses to the region, enhance the Port of West Virginia's capabilities and appeal as a logistics hub, and support the growth of related industries and services.

The recycling plant will contribute to West Virginia's efforts to diversify its economy, reducing its reliance on traditional industries like coal mining. By promoting waste-to-energy recycling, the plant will encourage the development of green technologies and renewable energy sources, attract environmentally conscious businesses and investors, and foster a more sustainable and resilient economy.

The plant's operations will generate tax revenues for local governments, supporting public services and community development. Additionally, the plant's commitment to environmentally friendly practices will improve the region's environmental quality and public health, enhance the area's appeal for tourism and recreation, and foster a sense of community pride and engagement.

Empire Diversified Energy's Chief Executive Officer Frank Rosso stated, "We are very pleased to bring this cutting-edge technology to the State of West Virginia and are committed to our efforts of environmentally friendly and economically sustainable growth at the Port of West Virginia. We believe Empire Green Generation will be an industry leader in waste-to-energy recycling and are excited about its future. We thank our entire Empire team, the West Virginia Economic Development Authority, and our lenders for their continual support through our growth in a very difficult market; we will continue to provide Stakeholders with updates as the plant comes online."

In conclusion, the completion of the recycling plant at the Port of West Virginia will contribute to the region's economic development and job creation by generating employment opportunities, enhancing infrastructure, promoting economic diversification, and providing community benefits. These contributions align with West Virginia's broader economic goals of fostering growth, reducing unemployment, and attracting investments. Empire Diversified Energy's commitment to environmentally friendly and economically sustainable growth at the Port of West Virginia is expected to have a positive impact on the region's economy and environment.