Empire Diversified Energy

What Empire Diversified Energy does

Empire Diversified Energy, Inc. (OTC Pink: MPIR) is a holding company that operates as a vertically integrated industrial platform anchored by the 900-acre Empire Riverfront Industrial Complex at the Port of West Virginia in Follansbee, WV, on the Ohio River. Through wholly owned subsidiaries — Empire Trimodal Terminal (the Port of West Virginia), Empire River Rail (shortline railroad), Empire Green Generation (waste-to-energy and recycling), Empire Go-Green Recycling (scrap and slag recovery), Empire South Terminal (warehousing and tank farm), and Petro Empire Liquids and Storage — the company provides tri-modal logistics (rail, barge, truck), warehousing, petrochemical storage, aggregate and slag sales, and waste-to-energy recycling using pyrolysis and Heartland Water Technology's HelioStorm™ and LTC Dry™ gasification systems integrated with anaerobic digestion for renewable hydrogen. Core customers include steel manufacturers (U.S. Steel, Severstal, R.G. Steel Corp), mineral shippers, bulk freight clients, and tenants such as FTSI at the Port of West Virginia. The company is also positioned as one of 11 Project Development Partners in the DOE-funded $925M ARCH2 Appalachian Regional Clean Hydrogen Hub, with planned build-out including a 250,000-ton/year merchant pig iron facility (Empire Iron Works).

The business model combines (1) unit-priced aggregate/slag sales ($7–$18/NT) and quote-based port logistics, warehousing, and tank farm fees, with (2) project-based capital raises via tax-exempt bonds (cumulative ~$129M issued through the West Virginia Economic Development Authority from 2020 to 2025) and (3) anticipated revenue from planned GreenGen pyrolysis-oil sales (70 metric tons/day plastic capacity, 1.4 MW syngas electricity) and ARCH2 hydrogen output. The company went public on OTC Pink under ticker MPIR and completed a strategic merger with Vivakor Inc. in October 2024 to expand its clean-energy platform. In January 2026, Empire withdrew a Chapter 11 filing by its operating subsidiary Empire Trimodal Terminal and launched a comprehensive strategic financing review with Oppenheimer & Co., highlighting subsidiary-level balance-sheet stress alongside continued platform expansion.

Name

Empire Diversified Energy

Legal name

Empire Diversified Energy, Inc.

Website

https://empirediversifiedenergy.com

Company type

Public

Founded year

1986

Headcount range

1–10 employees

Short description

Empire Diversified Energy (OTC Pink: MPIR) is a holding company operating the 900-acre tri-modal Port of West Virginia in Follansbee, WV, providing rail/barge/truck logistics, warehousing, aggregate sales, and waste-to-energy recycling (pyrolysis and renewable hydrogen) to steel manufacturers, mineral shippers, and industrial customers.

Ownership category

akta.pro rank

Product category

Inland Port Logistics & Waste-to-Energy Services

akta.pro primary industry

WtE Plant Development, EPC & O&M Services (Project delivery and operations) (EUAAAKAK)

Keywords

• Inland river port logistics
• Tri-modal freight handling
• Warehousing and tank farm storage
• Waste-to-energy recycling
• Renewable hydrogen production

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Aggregate and mineral sales: Direct unit-pricing sales of limestone and slag aggregates (Slag Fines $7/NT, 6-Inch Minus $9/NT, Slag #304 $12.50/NT, Slag #57 $15/NT, Slag #8 $18/NT). Delivery available with haul rate quoted on request. Managed under Empire Trimodal Terminal / Port of West Virginia.
2. Port logistics and tri-modal freight handling: Revenue from handling cargo (shipping containers, aggregate, dry goods, bulk, breakbulk, liquid storage) via the Port of West Virginia across rail, barge, and truck. Serves steel, mineral, and freight customers in the Midwestern U.S. and Ohio Valley.
3. Warehousing and storage rentals: Warehousing (50,000 sq.ft. covered warehouse space at Empire South Terminal with more planned) and tank farm storage for petrochemicals, LNG/LPG, water truck loading, and scrap iron/mineral sales.
4. Waste-to-energy / recycling byproducts (GreenGen): Planned revenue from converting waste plastics into pyrolysis oils sold as petroleum displacements to petrochemical refiners, plus electricity (1.4 MW) from syngas. Operations designed to recycle 70 metric tons per day of plastic once fully commissioned (target: next quarter as of Feb 2025).
5. Tax-exempt bond financing for capital projects: Capital is raised via tax-exempt bonds (Dock and Wharf Revenue Bonds; Solid Waste Disposal Facilities Revenue Bonds) issued through the West Virginia Economic Development Authority. Multiple issuances of $13.1M, $15M, $25M, $26M, $40M and $10M are tied to facility build-out and expansion projects.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels8 records

Core offering

Empire Diversified Energy operates a 900-acre integrated Eco-Industrial Complex at the Port of West Virginia in Follansbee, WV, providing tri-modal logistics (barge, rail, truck), warehousing, aggregate sales, scrap-metal recycling, and waste-to-energy/recycling services through a portfolio of wholly owned subsidiaries. The company is developing a pyrolysis-based recycling plant (70 metric tons/day of plastic, 1.4 MW syngas electricity) and an anaerobic digester project for renewable hydrogen via the ARCH2 hydrogen hub, alongside shortline rail service, petrochemical tank farm storage, and a future merchant pig iron plant.

Product overview

Empire Diversified Energy operates as a holding company with a platform-plus-modules architecture: a parent company (EDE) coordinates a portfolio of independently operating subsidiary business units anchored around an integrated Eco-Industrial Complex at the Riverfront site in Follansbee, WV. The flagship asset is The Port of West Virginia (operated by Empire Trimodal Terminal), which provides tri-modal logistics across barge, rail, and truck and serves as the physical platform on which the other modules are deployed. Integrated on top of this platform are: Empire Green Generation (waste-to-energy recycling plant using pyrolysis plus an Anaerobic Digester for green hydrogen and carbon via Heartland's HelioStorm™ and LTC Dry™ gasifiers); Empire River Rail (clean-energy shortline railroad providing common carrier service across 20,000+ feet of rail); Empire Go-Green Recycling (slag/scrap metal recovery and land remediation); Empire South Terminal (warehousing, bulk, breakbulk, and liquid storage); Petro Empire Liquids and Storage (petrochemical tank farm and water treatment at the former Koppers site); and the planned Empire Iron Works merchant pig iron manufacturing plant (~250,000 tons/year).

Differentiator

Problem solved

Functional benefit

Products and services

• The Port of West Virginia (Empire Trimodal Terminal) Tri-modal inland river port terminal at the 900-acre Empire Riverfront Industrial Complex in Follansbee, WV, providing barge, rail and truck cargo handling plus warehousing, aggregate sales and storage for steel mills, mineral shippers and bulk freight customers in the Midwestern U.S. and Ohio Valley.
• Empire Green Generation (GreenGen) Behind-the-grid waste-to-energy and recycling services: a pyrolysis-based plant designed to process 70 metric tons/day of waste plastic into pyrolysis oils and 1.4 MW of syngas electricity, plus a planned anaerobic digester using Heartland's HelioStorm and LTC Dry gasifiers to convert food waste into renewable hydrogen, synthesis gas and sustainable carbon black.
• Empire River Rail Shortline common carrier rail service at the Port of West Virginia with 20,000 feet of existing rail and planned expansion, providing critical transportation connectivity to and from the tri-state area with a focus on deploying carbon-reducing technologies for a clean-energy rail system.
• Empire Go-Green Recycling Wholly owned recycling subsidiary providing personnel, slag and scrap metal recycling, heavy machinery operations, and land/brownfield remediation at the Riverfront Eco-Industrial Complex for steel manufacturers and metal recyclers.
• Empire South Terminal Extension of the Port of West Virginia providing two new 50,000 sq. ft. covered warehouses, bulk, breakbulk, and liquid storage for Empire operations and outside entities, with a planned tank farm.
• Petro Empire Liquids and Storage Petrochemical storage and distribution operations at the former Koppers 35-acre site in Follansbee, WV, developing tank farm and water treatment facilities for petrochemical customers.
• Aggregate Sales (Limestone and Slag Products)

Quantifiable outcome

• Designed to recycle 70 metric tons per day of plastic; produces 1.4 MW of electricity from syngas
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• Battelle Memorial InstituteflagshipStrategic or Co-development Partner · 4 November 2024Battelle leads the Project Management Office for the ARCH2 hydrogen hub in partnership with the U.S. Department of Energy Office of Clean Energy Demonstrations (OCED). Empire Green Generation, LLC signed a sub-recipient agreement with Battelle on November 4, 2024 to secure federal funding for Phase 1 of its state-of-the-art facility converting food waste into renewable hydrogen using Heartland's HelioStorm™ and LTC Dry™ technologies.
• Heartland Water TechnologyflagshipTechnology or Integration · 4 November 2024Heartland is Empire's project partner for the ARCH2 hydrogen hub. Heartland applies its proprietary HelioStorm™ ultra-high temperature ionic gasifier technology to perform methane pyrolysis of biogas from Empire's anaerobic digester, producing clean hydrogen and sustainable carbon black. Heartland's LTC Dry™ and HelioStorm™ gasifiers also process digestate into ultra-pure, tar-free synthesis gas that powers the conversion system.
• Vivakor Inc.flagshipStrategic or Co-development Partner · 1 October 2024Vivakor Inc. completed a strategic merger with Empire Diversified Energy Inc. in October 2024 to expand its clean energy and waste-to-energy offerings, leveraging Empire's port facilities and expertise in waste-to-hydrogen projects.
• ARCH2 (Appalachian Regional Clean Hydrogen Hub)flagshipStrategic or Co-development Partner · 18 October 2023Empire is one of 11 Project Development Partners (PDPs) within ARCH2, a multi-state consortium awarded up to $925 million by the U.S. Department of Energy Office of Clean Energy Demonstrations (OCED) to develop hydrogen projects in West Virginia, Ohio, western Pennsylvania, and Kentucky. Empire Green Generation, LLC leads the Anaerobic Digester project in Follansbee, Brooke County, WV.
• U.S. EnergycoreGTM or Marketing Partner · 5 October 2023U.S. Energy is partnering with Empire Diversified Energy to build a public-access polyfuel station at the Port of West Virginia that will dispense renewable natural gas and hydrogen (with optional electric charging). U.S. Energy is a leading provider of refined products, alternative fuels, and environmental credits, and currently operates seven natural gas fuel stations in Pennsylvania and three in Ohio.
• West Virginia Hydrogen Hub CoalitioncoreStrategic or Co-development Partner · 2 August 2022Empire Diversified Energy and its wholly owned subsidiary The Port of West Virginia, LLC attended the WV Hydrogen Hub Coalition's Industry Day event in Charleston, WV, in July/August 2022. The event featured presentations by U.S. Senators Joe Manchin and Shelley Moore Capito and Governor Jim Justice. EDE President Scotty Ewusiak discussed The Port's role in the state's plan for a regional hydrogen hub.
• U.S. Department of Transportation - America's Maritime Highways ProgramminorOthers · 8 April 2022Tim Pickering, administrator of the U.S. DOT's America's Maritime Highways Program, participated in the Port of West Virginia property tour in April 2022, signaling federal programmatic support for inland port development at the Follansbee site.
• Petro Empire Liquids and Storage LLCcoreOthers · 23 February 2021Petro Empire Liquids and Storage, LLC is a wholly-owned subsidiary of Empire Diversified Energy that purchased the 35-acre Koppers facility in Follansbee, WV on February 23, 2021, and develops petrochemical storage and distribution capabilities at the site.
• Trimodal Terminal LPcoreOthers · 2 December 2020Empire Trimodal Terminal LLC (Empire subsidiary) acquired certain facilities from Trimodal Terminal LP located in Brooke County, West Virginia in December 2020. The facilities, appraised at $39 million, were acquired with proceeds from the $26 million West Virginia EDA Dock and Wharf Revenue Bonds underwritten by Citigroup. Scott Ewusiak, former owner/operator of Trimodal Terminal, joined Empire as President and Board Director.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Brightmark Energy: Brightmark Energy develops waste-to-energy and plastics-to-fuel pyrolysis projects, directly comparable to Empire Green Generation's 70 MT/day plastic-to-pyrolysis-oil facility and 1.4 MW syngas electricity generation.
• Nexus Circular: Nexus Circular operates advanced recycling facilities converting waste plastics into circular feedstocks via pyrolysis, directly comparable to Empire's GreenGen plastic-to-pyrolysis-oil operations at Follansbee, WV.
• Charbone Hydrogen: Charbone Hydrogen is a small-cap hydrogen producer building modular green hydrogen facilities across North America, directly comparable to Empire's ARCH2 anaerobic-digestion-to-renewable-hydrogen project in scope and scale.
• Watco Companies: Watco operates a network of shortline railroads, port and terminal facilities, and transload services, directly comparable to Empire River Rail (shortline railroad) and the Port of West Virginia tri-modal terminal.

Broad incumbents

• Clean Energy Fuels: Clean Energy Fuels is a larger alternative-fuels provider operating RNG and CNG fueling infrastructure; comparable to Empire's clean-fuel polyfuel station partnership with U.S. Energy and its RNG/hydrogen ambitions at the Port of West Virginia.
• Plug Power: Plug Power is an established green hydrogen and fuel-cell company building hydrogen production and end-use infrastructure; comparable to Empire's broader renewable hydrogen production ambition, though at far larger scale.
• Radius Recycling (Schnitzer Steel): Radius Recycling operates a large-scale metal recycling and scrap-processing network, broadly comparable to Empire Go-Green Recycling's slag and scrap metal recovery operations at the Riverfront Eco-Industrial Complex.
• Genesee & Wyoming (Brookfield): Genesee & Wyoming operates one of the largest shortline railroad networks in North America; broadly comparable to Empire River Rail's shortline common carrier operations at the Port of West Virginia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/empireede

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Empire Diversified Energy