Waste Energy Stock Price, News & Analysis

Waste Energy Corp (OTCQB:WAST) has appointed Leonard N. Enriquez, a former Veolia executive and MIT graduate, to its Advisory Board. Enriquez brings over 30 years of experience in waste-to-energy sectors and infrastructure development. As the founder of Cambridge Project Development and former VP at Veolia Environnement, he led a $2 billion North American expansion, growing revenues from $200M to $1B. His expertise includes developing nine WTE facilities and optimizing solid waste management systems. Multilingual and holding engineering degrees from MIT, Enriquez will support Waste Energy Corp's mission to convert plastic and tire waste into clean energy.

Waste Energy Corp (OTCQB:WAST) has selected Texas as the location for its first waste-to-energy (WTE) facility and will relocate its headquarters to Houston. The Houston DMA, serving 7.1 million people and 2.8 million households, generates 1.2 million tons of plastic waste and 25 million scrap tires annually, providing abundant feedstock for WTE operations. The company chose Texas for its energy expertise, regulatory support, infrastructure, and business-friendly environment. Houston's strategic position as an energy hub, with access to fuel buyers, refineries, and transportation networks, aligns with WEC's growth strategy. The company has also completed its Q1 2025 Form 10-Q filing, maintaining OTCQB compliance and finalizing its transition to a waste-to-energy company.

Waste Energy Corp (OTCQB:WAST) announced significant milestones as it prepares to enter revenue generation in H2 2025. The company has completed procurement of all components for its first full-scale waste-to-energy (WTE) system and is finalizing installation preparations pending permits. Over the next 30 days, WAST will submit regulatory filings across four U.S. states to develop a national WTE conversion network.

The company secured its first WTE consulting agreement in Q1 2025. WAST aims to tackle the U.S. plastic waste crisis, targeting the elimination of over 2 million pounds of plastic waste in H2 2025. The U.S. generates approximately 42 million metric tons of plastic waste annually, with only 5-6% being recycled. The company will host a shareholder conference call on June 12, 2025, to provide comprehensive business updates.

Waste Energy Corp (OTCQB:WAST) announced that its first plastic waste conversion system is approximately 80% complete. The core structure and majority of key components are in place, with final systems integration and emissions control system nearing completion.

The system is designed to divert and convert up to 10,950 tons of plastic waste annually, with potential for nationwide scalability. The company is evaluating multiple state locations for full-scale operations, aiming to establish a network of waste-to-energy conversion systems across the USA.

This development comes amid growing concerns about plastic pollution, as referenced by a new WEF report highlighting the presence of microplastics in human bodies, including blood, lungs, liver, and lower limbs, as well as in 98.9% of seafood samples.

Waste Energy Corp (OTCQB:WAST) has announced the appointment of Braden Glasbergen as its new Chief Financial Officer (CFO), effective immediately. Glasbergen, who brings over 20 years of experience in financial leadership roles, replaces outgoing CFO Swapan Kakumanu.

The company also reported the full repayment of a previously issued convertible note, demonstrating its commitment to financial discipline and shareholder value. Additionally, Waste Energy Corp has initiated the process of obtaining permits and regulatory filings for handling plastic and tire waste at the federal level, as it explores opportunities across multiple states.

Glasbergen will work alongside President of Waste-to-Energy Operations W. Scott McBride to manage the permitting process and ensure regulatory compliance as the company expands its waste-to-energy operations nationwide.

Waste Energy Corp (OTCQB:WAST) has announced key leadership appointments for its Fayetteville, NC pyrolysis facility. W. Scott McBride has been named President of Waste-to-Energy Operations, bringing expertise in pyrolysis technology and environmental sustainability. Stacy Dixon, a retired U.S. Army Staff Sergeant, has been appointed Director of Operations for the Fayetteville facility.

The facility is designed as a 30-ton-per-day pyrolysis plant focused on converting plastic waste into clean energy. McBride, founder of EnergyFX and holder of degrees in Environmental Science and Education, will oversee all locations. Dixon, with 22 years of military service and a background in Criminal Justice, will manage day-to-day operations.

Waste Energy Corp (OTCQB:WAST) has filed a patent application for an "Advanced AI-Powered Emissions Monitoring & Carbon Credits Creation & Optimization System." This technology integrates AI-driven emissions monitoring with automated feedstock purity assurance and PFAS control, setting a new standard in environmental compliance and operational efficiency.

The system features:

• Automated verification of feedstock purity using real-time data analysis
• Comprehensive detection and control of PFAS and other hazardous materials
• Error-free carbon credit creation and optimization
• Enhanced emissions control through continuous data aggregation

According to CEO Scott Gallagher, this technology will monitor emissions in real-time and remove harmful substances like PFAS before they enter the conversion process. The system aims to enhance profitability while supporting the company's sustainability goals by transforming waste into energy responsibly.

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) has signed a binding letter of intent to establish its first waste-to-energy conversion site in Fayetteville, North Carolina. The facility, spanning up to 26,000 square feet, will have the capacity to divert and convert up to 30 tons of plastic waste daily and is expected to be operational and revenue-generating by Q2 2025.

The Fayetteville location was strategically chosen for its position along the primary Eastern United States rail line and access to the I-95 corridor. The facility will utilize pyrolysis and AI technology to convert plastic waste into clean energy alternatives, addressing the critical issue of plastic waste management while reducing dependency on traditional oil sources.

The initiative comes amid concerning statistics: only 5% of plastic waste in the US is recycled, while over 86% ends up in landfills. Globally, over 400 million tons of plastic waste are generated annually, with just 9% being effectively recycled.