Waste Energy secures product offtake, additional feedstock agreements

Waste Energy (WAST) Corp. secured key commercial agreements for the sale of recovered steel and tire-derived oil, subject to output reviews, while also entering into multiple feedstock agreements expected to support full operations at the Company’s first 15-ton-per-day waste conversion facility in Midland, Texas. The agreements represent another major milestone as WEC advances toward the commissioning of its first commercial waste conversion system, currently scheduled for May 15, 2026. Under the new agreements, WEC now has tentative counterparties for two of the facility’s primary output streams, subject to the lab results and product specifications generated from the first commercial production run: Recovered steel generated from the processing of waste tires; Tire-derived oil produced through the Company’s waste conversion technology. The Company expects to finalize commercial pricing and long-term purchase arrangements following the completion of its first run and the corresponding analysis of product quality, composition and grade. In addition, WEC has entered into several new feedstock agreements with regional tire suppliers, recyclers, collection companies and other waste tire sources that are expected to provide enough inbound material to fully operate the Company’s full 30-TPD facility. These new agreements are in addition to the Company’s previously announced relationship with Midland County.