EMPIRE DIVERSIFIED ENERGY CLOSES $10 MILLION FINANCING FOR FINAL COMMISSIONING OF RECYCLING PLANT IN WEST VIRGINIA

Core Viewpoint - Empire Diversified Energy, Inc. has successfully closed financing of up to $10,000,000 for its subsidiary Empire Green Generation, LLC, through the sale of Solid Waste Disposal Facilities Revenue Bonds, with an initial draw of$4,000,000 [1] Group 1: Financing and Investment - The financing is facilitated by the West Virginia Economic Development Authority [1] - The total authorized financing amount is $10,000,000, with the initial draw being$4,000,000 [1] Group 2: Technology and Operations - Empire Green Generation's recycling plant utilizes proven technology to convert waste plastics into pyrolysis oils, serving as a sustainable alternative to petroleum-derived products [2] - The plant is designed to recycle 70 metric tons of plastic per day using an eco-friendly pyrolytic process and will generate 1.4 MW of electricity from syngas [2] Group 3: Location and Infrastructure - GreenGen is situated at the Empire Riverfront Industrial Complex, which offers advantageous access to multi-modal logistics at the Port of West Virginia [3] Group 4: Leadership and Vision - The CEO of Empire expressed gratitude for the lender's support and emphasized the company's commitment to establishing a standard for waste-to-energy recycling plants in the U.S. [4] - The company plans to provide updates as the commissioning process transitions into full operations in the next quarter [4] Group 5: Company Overview - Empire Diversified Energy, Inc. operates in the sustainable energy and logistics sectors, with its primary location in Follansbee, West Virginia [5] - The company is focused on deploying innovative technologies aimed at clean energy generation and decarbonizing various sectors [5]