Waste Energy Corp (“Waste Energy”) (OTCQB: WAST), a company at the forefront of sustainable waste-to-energy innovation, has officially taken possession of a new facility located in Midland, Texas. This site will act as the company’s corporate headquarters and launchpad for its first commercial-scale waste-to-energy (WTE) operation.
The 3.7-acre facility, situated in the heart of the Permian Basin, marks a significant milestone in Waste Energy’s mission to divert landfill-bound plastic and tire waste into renewable energy resources. Scott Gallagher, Chairman and CEO of Waste Energy Corp, expressed enthusiasm about the new location, stating, “Taking possession of our Midland facility is a transformative moment for Waste Energy. This location is strategically positioned in the U.S. energy capital, giving us proximity to infrastructure, partners, and offtake opportunities.”
One of the key features of Waste Energy’s business model is its ability to generate revenue from day one. The technology employed is designed to produce clean ultra-low sulfur diesel, carbon black, and other clean energy products right from the start of its conversion operations. The Permian Basin, known for its high fuel consumption—where a standard oil rig uses approximately 2,000 gallons of diesel per day and some up to 8,000 gallons—provides an ideal market for Waste Energy’s services, positioning the company for a clear path to profitability.
In conjunction with the facility launch, Waste Energy has retained Cambridge Project Development to facilitate the engineering, build-out, and commissioning of the Midland site. Led by Leonard Enriquez, a respected figure in the waste-to-energy sector and a member of Waste Energy’s Advisory Board, Cambridge’s involvement is expected to enhance the project’s development and execution.
“We’re proud to partner with Cambridge and Leonard Enriquez on this important project,” said Gallagher. “Their proven track record in delivering large-scale waste-to-energy infrastructure adds immediate depth to our execution team. Their leadership significantly enhances our ability to fast-track development, manage complexity, and position Waste Energy for early and sustained revenue generation.”
As Waste Energy moves forward with its operations in Midland, the company is set to play a pivotal role in the evolution of sustainable energy solutions while addressing the pressing global issue of plastic and tire waste.
