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confidence high
sentiment positive
materiality 0.75
Verde Resources signs MOU with Ergon to commercialize low-carbon asphalt; targets exclusive U.S. deal
VERDE RESOURCES, INC.
- MOU with Ergon Asphalt & Emulsions to finalize commercial terms for exclusive U.S. market agreement.
- Technology uses proprietary emulsifying agent enabling low-temp emulsion with ≥20% fewer GHG emissions than conventional binders.
- Biochar integration allows carbon-sequestering and high-performance Biochar-Asphalt surface course.
- In April 2025, Verde generated world's first Carbon Removal Credits from asphalt production at NCAT test track.
- Rapid technology validation underway at Ergon's Paragon testing lab.
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