other material
confidence high
sentiment positive
materiality 0.60
Verde Resources enters $750k testing pact with Auburn's NCAT on eco-pavement
VERDE RESOURCES, INC.
- 3-year project 'Structural Capacity of Sustainable Pavement' runs June 2024-Sept 2027 at NCAT Test Track in Opelika, AL.
- Company committed $750,000; initial $100k upon signing, then quarterly payments of $50k-$62.5k through Sept 2026.
- Technology co-developed with Zym-Tec uses enzymes to treat soils and stabilize base materials, replacing carbon-intensive lime and cement.
- Biochar from biomass pyrolysis integrated into pavement to reduce GHG and sequester CO2, generating Carbon Removal Credits.
- Success expected to drive adoption by US DOTs and create separate revenue stream from carbon credits.