Filed by Vivakor, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Vivakor, Inc.
SEC File No.: 001-41286
Date: May 23, 2024
VIVAKOR PROVIDES UPDATE ON EMPIRE’S
HYDROGEN PROJECT
AT THE PORT OF WEST VIRGINIA
Dallas, TX – Accesswire - May 23, 2024 -Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), a socially responsible operator, acquirer and developer of clean energy technologies
and environmental solutions, today provided an update on the hydrogen project being developed at the Port of West Virginia industrial park by Empire Diversified Energy, Inc. (“Empire”). The Company and Empire announced a proposed merger on March 4, 2024, and the Company is releasing this update in connection the potential merger.
On May 20, 2024, Empire and Heartland Water Technology (“Heartland”) announced a new partnership with Empire Green Generation, a wholly-owned subsidiary of Empire,
to develop a state-of-the-art facility that will convert food waste into renewable
hydrogen and carbon as part of the Department of Energy’s Appalachian Regional Clean Hydrogen Hub (ARCH2). The partnership between Heartland
and Empire represents a significant step forward in converting waste into sustainable
hydrogen production.
The project incorporates several essential technical steps into a cohesive, unified
process. First, food waste is treated in an anaerobic digester, producing biogas and
residual solid material (digestate). Heartland’s proprietary HelioStorm™ ultra-high temperature ionic gasifier performs methane pyrolysis of the
biogas to produce clean hydrogen and valuable sustainable carbon. The digestate is
processed through Heartland’s proprietary LTC Dry™ and HelioStorm™ gasifiers in a parallel pathway to produce an ultra-pure, tar-free
synthesis gas. This gas is then used to generate clean energy, powering the entire
conversion system described, and reducing reliance on the grid and fossil fuels.
“The project not only aligns with our vision to redefine waste, it underscores the
critical role of renewable hydrogen in shaping a sustainable, circular economy. Hydrogen
is more than an energy carrier; it represents a cornerstone for future sustainability
goals, offering a path to decarbonize industries and energize communities in an environmentally
responsible manner,” said Chris Beaufait, CEO of Heartland. “Empire is a world class developer of sustainable projects. We are excited to work
together to deliver an exciting and impactful waste treatment and hydrogen generation
plant.”
Bernard Brown, Empire COO, added, “The ARCH2 hydrogen hub is a beacon of innovation and leadership in the renewable energy
sector. By leveraging this hub as a pivotal platform for collaboration, research,
and development, we aim to demonstrate how strategic investments in decentralized hydrogen infrastructure and technology can yield significant environmental and economic
benefits. The integration of Heartland’s HelioStorm™ technology into the project is a game-changer, harnessing groundbreakingly
efficient methods to convert food waste into renewable hydrogen, propelling us toward
our hydrogen goals.”
The food waste to energy project is expected to begin operations in Q3 2025.
About Heartland Water Technology
Operating at the intersection of water, renewable energy, and resource recovery, since
2008, Heartland has been providing technology-enabled solutions for world’s most challenging waste streams. With proprietary, award-winning technologies such
as the Heartland Concentrator™, HelioStorm™, and LTC Dry™, Heartland’s mission is to provide scalable, efficient, turnkey solutions enabled by expertise
and innovation, that not only meet the needs of today but promote sustainability,
preserve the environment, and enhance public health.
About Empire Green Generation
Empire Green Generation is a behind-the-grid utilities company that utilizes waste-to-energy
and recycling systems to provide electricity, waste management, and water treatment
services to Empire’s Riverfront Industrial Complex at the Port of West Virginia. Green-Gen provides electricity from waste plastic-derived syngas and
green hydrogen from recycling food waste.
About Empire Diversified Energy
Empire Diversified Energy, Inc. is a multifaceted holding company with business units
in the sustainable energy and logistics sector. Empire’s primary location is in Follansbee, WV where it operates the Port of West of Virginia, within its Eco-Industrial Complex. The Complex is geographically located
along the Ohio River where it serves the crossroads of the East Coast and Midwest
through its trimodal facility. Empire is currently deploying a host of innovative
proven technologies serving the pathway to clean energy generation. These business
units will serve the transportation, waste, steel, warehousing, and other sectors,
in an effort to help decarbonize the region.
About Vivakor, Inc.
Vivakor, Inc. (NASDAQ:VIVK), is a clean energy technology company focused on the oil remediation and natural
resources sectors. Vivakor’s corporate mission is to create, acquire, accumulate, and operate distinct assets, intellectual properties, and exceptional technologies. Its Silver Fuels Delhi, LLC, and White Claw Colorado City, LLC subsidiaries include crude
oil gathering, storage, and transportation facilities, which feature long-term ten year take-or-pay contracts.
The Company’s patented Remediation Processing Centers allows for the environmentally-friendly recovery of bitumen (heavy crude) and other hydrocarbons from the remediation
of contaminated soils. It is believed to be the only remediation system that can clean
soils with more than 5% by weight oil contamination while recovering the oil and leaving
the soil fully viable for reuse. The Remediation Processing Centers focus on extraction from shallow, oil-laden sands, along with generating petroleum-based remediation projects. The Company currently has projects under development in Kuwait and in Houston, Texas.
For more information, please visit our website: http://vivakor.com
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the
“safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements
are based upon our current expectations and speak only as of the date hereof. Our
actual results may differ materially and adversely from those expressed in any forward-looking
statements as a result of various factors and uncertainties, including economic slowdown
affecting companies, our ability to successfully develop products, rapid change in
our markets, changes in demand for our future products, legislative, regulatory and
competitive developments and general economic conditions. These risks and uncertainties
include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the Securities and Exchange Commission, which factors may be incorporated
herein by reference. Forward-looking statements may be identified but not limited
by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking
statements for any reason.
Investors Contact:
P:949-281-2606
info@vivakor.com
ClearThink
nyc@clearthink.capital
SOURCE: Vivakor and Empire Diversified Energy
Important Additional Information About the Transaction and Where to Find It
This material relates to the proposed merger between the Company and Empire (the “Merger”), as disclosed in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC’) on March 1, 2024. Shares of Vivakor’s common stock (the “Vivakor Shares”) issued in connection with the proposed Merger
may be registered pursuant to a registration statement to be filed with the SEC or
issued pursuant to an available exemption. This information is not a substitute for
any registration statement or any other document that Vivakor may file with the SEC
or that it or Empire may send to its respective shareholders in connection with the
offer and/or issuance of Vivakor Shares. Investors are urged to read any registration
statement, if and when filed, and all other relevant documents that may be filed with
the SEC as and if they become available because they will contain important information
about the issuance of Vivakor Shares. Documents, if and when filed with the SEC, will
be available free of charge at the SEC’s website (www.sec.gov). You may also obtain these documents by contacting Vivakor’s Investor Relations department at http://vivakor.com. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
In connection with the proposed Merger, Vivakor will file proxy soliciting materials
with the SEC. The information contained in any such filing may not be complete and
may be updated, amended or changed. SHAREHOLDERS ARE URGED TO READ SUCH MATERIALS
WHEN AVAILABLE AND ANY OTHER RELEVANT MATERIALS FILED WITH THE SEC CAREFULLY IN THEIR
ENTIRETY BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED
TRANSACTION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION
AND THE PARTIES THERETO.
Vivakor (NASDAQ:VIVK)
Historical Stock Chart
From Oct 2024 to Nov 2024
Vivakor (NASDAQ:VIVK)
Historical Stock Chart
From Nov 2023 to Nov 2024