Waste Energy Stock Price, News & Analysis

Waste Energy (OTCQB:WAST) has taken possession of a new 3.7-acre facility in Midland, Texas, which will serve as both its corporate headquarters and first commercial-scale waste-to-energy (WTE) operation. The strategic location in the Permian Basin positions the company near crucial infrastructure and potential customers.

The company has partnered with Cambridge Project Development, led by waste-to-energy expert Leonard Enriquez, to oversee the site's engineering and construction. The facility is designed to convert plastic and tire waste into clean energy products, including ultra-low sulfur diesel and carbon black, with immediate revenue generation potential given the high local fuel demand from oil rigs consuming 2,000-8,000 gallons of diesel per day.

Waste Energy Corp (OTCQB:WAST) has secured a strategic foothold in Texas's energy sector by signing a long-term lease with a purchase option for a 3.7-acre industrial site in Midland, Texas. The facility will serve as both the company's corporate headquarters and its first waste-to-energy conversion system location.

The facility aims to convert plastic and tire waste into ultra-low sulfur diesel (ULSD), with initial processing capacity of 15 TPD (tons per day), scalable to 120 TPD. The company's waste diversion goals include processing 2 million pounds of plastic in 2025, scaling to 7.5 million pounds in 2026. The strategic location leverages Texas's position as the nation's leading diesel consumer and processor, with access to feedstock, buyers, and logistics infrastructure.

Waste Energy Corp (OTCQB:WAST) announced a live shareholder update conference call scheduled for June 12, 2025, at 4:30 PM ET. The call aims to provide shareholders with insights into the company's mission, business model, and strategic roadmap as it prepares to launch its first commercial waste-to-energy conversion site in Texas. CEO Scott Gallagher will discuss project timelines, revenue opportunities, and long-term growth vision. The company's platform focuses on transforming plastic and tire waste into clean energy solutions. Shareholders can submit questions via email for potential discussion during the call.

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.