Welcome to our dedicated page for Empire Diversifi news (Ticker: MPIR), a resource for investors and traders seeking the latest updates and insights on Empire Diversifi stock.
Empire Diversified Energy, Inc. (OTC Pink: MPIR) generates news around its activities in sustainable energy, waste-to-energy projects, and logistics at The Port of West Virginia. Company announcements highlight developments at its Eco-Industrial Complex in Follansbee, West Virginia, where it operates a trimodal terminal facility along the Ohio River and deploys technologies aimed at clean energy generation and decarbonization.
News coverage frequently focuses on financing and project milestones for Empire Green Generation, LLC, the company’s wholly owned subsidiary responsible for a recycling plant designed to convert waste plastics into pyrolysis oils and generate electricity from syngas. Press releases have detailed bond financings with the West Virginia Economic Development Authority to construct and commission this plant, as well as updates on its intended recycling capacity and role in supplying renewable electricity at The Port of West Virginia.
Another key news theme is Empire Diversified Energy’s participation in the Appalachian Regional Clean Hydrogen Hub (ARCH2). The company has reported that its anaerobic digester project at The Port of West Virginia is slated to receive a portion of ARCH2-related funding to support green hydrogen production from renewable feedstocks for industrial and transportation uses.
Additional announcements cover the establishment of Empire River Rail, LLC as a shortline railroad at The Port of West Virginia, and corporate developments such as the definitive merger agreement under which Vivakor, Inc. would acquire Empire, subject to closing conditions. Investors and observers can use this news stream to follow project financings, infrastructure expansions, clean energy initiatives, and corporate transactions involving Empire Diversified Energy and its subsidiaries.
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, Inc. (OTC: MPIR) has announced that its renewable energy project is a key part of the Appalachian Regional Clean Hydrogen Hub's proposal to the U.S. Department of Energy, which seeks a share of $8 billion in federal funding for clean hydrogen development. The project, aimed at reducing fossil fuel dependence, will be implemented at a site in Follansbee, West Virginia, and is expected to power advanced trucks and industrial applications. Empire's initiatives could create hundreds of jobs and benefit the local economy. Chief Operating Officer Bernard Brown expressed excitement about the project and commitment to green technologies in West Virginia.
Empire Diversified Energy, Inc. (OTCQB: MPIR) has expanded its Board of Directors by appointing Al Salazar, known for founding Jefferson Enterprise group. Notably, Jefferson developed the Jefferson Terminal in Beaumont, Texas, and its Gladieux Metals Recycling, valued at over $1.2 billion. Salazar's expertise comes at a pivotal time following Empire's $26 million bond funding, which necessitates enhanced management capabilities. The company, focused on energy logistics and solutions, aims to develop a comprehensive network for international sales of petrochemicals.
Empire Diversified Energy (OTCQB: MPIR) announced the appointment of Joseph DiBartolomeo as Port Director for its subsidiary, Empire Trimodal Terminal, LLC., DBA Port of West Virginia. DiBartolomeo, a retired Brigadier General with 36 years of military service, previously served as City Manager of Weirton, West Virginia. His leadership is expected to enhance the expansion and modernization of the port's facilities, crucial for Empire's business development plans. CEO Frank Rosso highlighted DiBartolomeo's diverse experience as a key asset for the company's future growth.
Empire Diversified Energy, Inc. (OTCQB: MPIR) has announced that its subsidiary, Empire Trimodal Terminal, LLC, will operate as 'The Port of West Virginia' after receiving authorization from the State of West Virginia. This development is part of Empire's strategic plan to build a multifunctional inland water port terminal. The company recently secured a $26 million bond for dock and wharf development in Follansbee, WV, leveraging existing rail and truck access to enhance operations. This project aims to accommodate the increasing traffic from Post Panamax ships following the Panama Canal expansion.
FAQ
What is the current stock price of Empire Diversifi (MPIR)?
What is the market cap of Empire Diversifi (MPIR)?
