Fort Lauderdale, FL.- March 18, 2022- (OTC Markets Release) Empire Diversified Energy, Inc. (OTCQB: MPIR) (the “Company”) announced today that it has closed with its lender on a twenty-five million dollar bridge loan to develop a recycling plant within the Company’s riverfront complex at the ‘Port Of West Virginia’ in Follansbee, West Virginia (the “Port”).
The Company will operate the plant through its subsidiary, Empire Green Generation, and will recycle plastics and other recyclable waste products into renewable electricity for the Port and its surrounding area. This Company will be using high-efficiency, state-of-the-art, pyrolysis technologies in its operations. Construction is currently underway and is scheduled for completion in the latter part of the year.
The Company’s Chief Executive Officer Frank Rosso stated: “We are very pleased to bring this cutting-edge technology to the State, and the continuation of our commitment to 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 will continue to provide Stakeholders with updates as the plant comes online in the near future.”
About Empire Diversified Energy, Inc.
Empire Diversified Energy, Inc. is a full-service company offering logistic and service solutions to the dynamic changing needs of the energy industry. The Company’s goal, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals and other materials. Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our expectations regarding the closing and timing of the bond issuances and receipt of any proceeds therefrom, are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
For further information, please contact Empire Diversified Energy, Inc.
Investor Relations: 954-332-2423
www.empirediversifiedenergy.com
