PartnershipJul 6, 2026, 08:37 AM
Verde Resources Subsidiary Signs 10-Year Biochar Commercialization Deal with Ergon
AI Summary
Verde Resources, Inc.'s subsidiary, Verde Renewables, Inc., entered into a 10-year Master Commercialization and Collaboration Agreement with Ergon Asphalt & Emulsions, Inc. Verde Renewables will act as a preferred supplier of engineered biochar to Ergon and provide carbon credit monetization services for Ergon-Verde Products, starting with a cold mix road paving product. The agreement aims to transition Verde from technology validation to commercial execution, with both parties sharing revenues and royalties. Additionally, Verde Renewables amended its supply agreement with Biochar Solutions LLC, increasing the initial biochar supply to 38,500 US tons annually.
Key Highlights
- Verde Renewables signed a 10-year Master Commercialization and Collaboration Agreement with Ergon Asphalt & Emulsions.
- Verde Renewables will be a preferred supplier of engineered biochar to Ergon.
- Verde Renewables will provide carbon credit monetization services for Ergon-Verde Products.
- The initial Ergon-Verde Product is a cold mix road paving product.
- Verde and Ergon will share net revenue from biochar sales and Ergon will pay a royalty per gallon.
- The agreement includes non-binding annual target supply volumes for the initial project.
- Verde Renewables amended its supply agreement with Biochar Solutions, increasing initial supply to 38,500 US tons annually.
Price Impact
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