Company Announces Tentative Offtake Agreements for Recovered Steel and Tire-Derived Oil, Additional Feedstock Supply for Full Midland Operations and Participation in April 11 Basin Action Day
MIDLAND, TX / ACCESS Newswire / April 1, 2026 / Waste Energy Corp. (OTCQB:WAST) ("WEC" or the "Company"), a resource recovery and alternative energy company focused on converting waste into usable fuel and renewable energy products, today announced that it has secured key commercial agreements for the sale of recovered steel and tire-derived oil ("TDO"), 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 ("TPD") 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.
"These agreements are important because they help validate both sides of our business model," said Scott Gallagher, Chairman and CEO of Waste Energy Corp. "We are not only securing the waste tires needed to operate our system, but we are also building commercial relationships for the products we create. While the steel and oil offtake arrangements remain subject to first-run lab results and product specifications, we believe these discussions demonstrate meaningful commercial demand for our outputs. As we approach commissioning, these agreements further demonstrate that our Midland facility is moving closer to becoming a fully integrated operating business with multiple revenue streams."
WEC is also participating in the Basin Beautification Project, a regional initiative focused on reducing litter and illegal dumping across Midland, Odessa, Midland County and Ector County.
As part of that effort, WEC is accepting waste tires collected through county cleanup initiatives, helping divert them from stockpiles, illegal dumping sites and landfills. The Company believes that participating in community cleanup programs aligns closely with its broader mission of turning problematic waste streams into usable energy products.
A second Basin Action Day is scheduled for Saturday, April 11, 2026, from 9:00 a.m. to noon. The event is part of the broader Basin Beautification Project and will focus on cleaning up litter and waste across Midland, Odessa, Midland County and Ector County.
WEC's first 15-TPD facility is expected to process more than 100,000 waste tires annually once fully operational. Through the Company's waste conversion technology, those tires can be transformed into valuable end products including tire-derived oil, recovered steel, recovered carbon black and syngas.
The Company believes that establishing feedstock supply and product offtake relationships before commissioning reduces operational risk, strengthens near-term revenue visibility and provides a clearer path toward full commercial operations.
WEC expects to continue expanding both its feedstock network and customer base for finished products as it advances toward the planned addition of a second 15-TPD line in Midland and future facilities in additional markets.
"Our goal has always been to build a scalable model where we can secure waste supply, convert it into useful products and establish local or regional buyers for those products," Gallagher added. "We believe these agreements are another important step toward transitioning Waste Energy Corp. into a revenue-generating clean-energy platform."
About Waste Energy Corp
Waste Energy Corp (OTCQB:WAST) is transforming waste into opportunity by converting non-recyclable waste into clean, U.S.-based energy assets. Through the integration of its Patent-Pending Waste-to-Energy Conversion Technology, the company seeks to divert waste from landfills and convert it into new U.S.-based energy streams that generate measurable environmental and economic value.
Waste Energy Corp is a fully reporting SEC Exchange Act company, trading on the OTCQB under the ticker symbol WAST. For more information, visit www.WEC.eco or access investor disclosures at www.SEC.gov.
About the Basin Beautification Project
A second Basin Action Day is scheduled for Saturday, April 11, 2026, from 9:00 a.m. to noon. The event is part of the broader Basin Beautification Project and will focus on cleaning up litter and waste across Midland, Odessa, Midland County and Ector County. For more information visit www.basinbeautificationproject.com.
For information about dropping tires directly at WEC on April 11, 2026 as part of Basin Action Day please email sg@wec.eco for details and an appointment.
Forward-Looking Statements
This press release and any other publicly disclosed content contain forward-looking statements regarding Waste Energy Corp's business operations, future financial performance, and projections. These statements are subject to various risks and uncertainties, including market conditions, regulatory approvals, and other factors outside of the control of WEC, which may impact actual results. Investors are encouraged to review all risk factors and disclosures in the company's public filings with the Securities and Exchange Commission, including the Company's quarterly and annual financial statements at www.SEC.gov, before making any investment in a publicly traded equity.
Investor Contact:
Waste Energy Corp
Email: IR@WEC.eco
Phone: (727) 417-7807
Website: www.WEC.eco
SOURCE: Waste Energy Corp.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/clean-technology/waste-energy-secures-product-offtake-and-additional-feedstock-agreements-ahead-of-1154215
