Empire Diversified Energy Corporation announces that it has closed on a $13,100,00 Bridge Loan with Principal Street Partners to provide funding for its Solid Waste Recycling Plant in Follansbee, WV. The bridge loan matures on February 1, 2022.
Empire Diversified Energy Inc. intends to begin the engineering and permitting phase for the construction of the recycling plant, which is located adjacent to the Empire Trimodal Terminal, beginning sometime this month.
Commenting on the transaction, Empire’s C.E.O. Mr. Frank Rosso said, “I’m very happy to report that this bridge loan has been completed and now our team can focus on the construction phase of the recycling plant.”