Empire Green Generation (GreenGen), a subsidiary of Empire Diversified Energy, has secured financing for its new recycling plant in West Virginia, US.<\/p>\n
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The funding was obtained through the sale of Solid Waste Disposal Facilities Revenue Bonds Series 2025 to an institutional investor, facilitated by the West Virginia Economic Development Authority.<\/p>\n
The initial drawdown by GreenGen from the authorised amount was $4m.<\/p>\n
The investment will support the development of a facility that utilises commercially proven technology to transform waste plastics into pyrolysis oils.<\/p>\n
These oils can serve as substitutes for petroleum-derived commodities, offering petrochemical refiners an option to participate in a circular economy for non-biodegradable plastic waste.<\/p>\n
The GreenGen recycling plant is poised to provide an energy-efficient solution for waste management. The facility\u2019s operations are designed to recycle 70 tonnes of plastic daily using an eco-friendly pyrolytic process.<\/p>\n
This process not only addresses waste plastic issues but also contributes to the creation of sustainable products.<\/p>\n
Moreover, the plant\u2019s energy requirements, known as the parasitic load, will be met internally by generating 1.4MW of electricity from the plant\u2019s own syngas.<\/p>\n
Located at the Empire Riverfront Industrial Complex in Follansbee, West Virginia, the GreenGen plant benefits from advantageous access to the Port of West Virginia\u2019s multimodal logistics infrastructure.<\/p>\n
Empire Diversified Energy CEO Frank Rosso said: \u201cWe are very thankful for our lender\u2019s continual support as we expand our recycling and sustainability efforts at the Port of West Virginia.<\/p>\n
\u201cWe believe Empire Green Generation will set the standard for waste-to-energy recycling plants in the United States. I want to thank our entire Empire team for their tireless commitment over the past three years bringing this vision to commercial viability.<\/p>\n
\u201cWe will continue to provide updates to all of our stakeholders as the commissioning process transitions into full operations in the next quarter.\u201d<\/p>\n
Empire Green Generation is a behind-the-grid utility company that uses waste-to-energy and recycling systems to offer electricity, waste management, and water treatment services to the aforementioned industrial complex. <\/p>\n
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