Latest news with #EricBava
Associated Press
6 days ago
- Business
- Associated Press
Verde and Ergon Sign MOU to Advance Commercialization of Low-Carbon Road Materials
ST. LOUIS, June 4, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR), a leader in sustainable road construction technologies, announced today that its wholly owned subsidiary, Verde Renewables Inc., has signed a Memorandum of Understanding (MOU) with Ergon Asphalt & Emulsions, Inc., a trusted industry pioneer in asphalt innovation and supply. This marks a major milestone in their growing strategic alliance. The MOU builds on the companies' February 2025 announcement detailing their collaboration to produce a specialized emulsion used in the cold mix biochar-asphalt surface material deployed at the National Center for Asphalt Technology (NCAT) test track. That groundbreaking achievement was made possible by Verde's proprietary emulsifying agent, specifically engineered to enable low-temperature emulsion production with at least 20% fewer greenhouse gas emissions than conventional binders. This innovation also allows for the seamless integration of biochar, a carbon-sequestering material, and facilitates a bonding mechanism with aggregates, resulting in a high-performance Biochar-Asphalt surface course that sets a new benchmark for both durability and environmental impact. In April, this formulation enabled Verde to make history by generating the world's first Carbon Removal Credits from asphalt production and installation, based on the NCAT proof-of-concept project. With this MOU, Verde and Ergon are advancing their partnership to the next level. The companies are now working toward finalizing the commercial terms of an exclusive agreement for the U.S. market while simultaneously initiating a rapid validation of Verde's technology at Paragon, Ergon's state-of-the-art asphalt and materials testing lab. 'When you think of the best and most respected name in asphalt, you think of Ergon,' said Eric Bava, Chief Operating Officer of Verde Resources. 'This partnership is about more than innovation. It's about equipping Ergon, along with its partners, contractors, customers, and broader ecosystem, with practical tools to reduce Scope emissions and further solidify their leadership in sustainable infrastructure.' This partnership will be a key step in Verde's mission to turn sustainability into a competitive advantage, while delivering practical, profitable, and environmentally responsible solutions without compromising performance. 'We want to be on the leading edge of sustainable road materials, and the technologies Verde is bringing to the table make that possible,' said Larry Tomkins, Senior Vice President of Sales & Marketing at Ergon Asphalt & Emulsions. 'This next phase is about accelerating adoption and delivering meaningful change in how roads are built—without sacrificing quality or reliability. We're excited to build on the strong relationship we've developed and look forward to what's ahead with Verde.' With shared momentum and a clear path forward, Verde and Ergon are poised to usher in a new era of modern, low-carbon infrastructure by commercializing a validated technology that aligns sound economics with environmental responsibility at scale. About Verde Resources Inc.: Verde Resources Inc. (OTCQB: VRDR) is a leader in sustainable infrastructure, specializing in innovative and cost-effective solutions to help the industry seamlessly #TransitionToZero™. By integrating proprietary technologies with sustainable practices, Verde is at the forefront of creating low-carbon materials for infrastructure worldwide. About Ergon Asphalt & Emulsions, Inc.: Ergon Asphalt & Emulsions, Inc., a subsidiary of Ergon, Inc., is a leading provider of high-performance asphalt products and technologies. With decades of experience, Ergon specializes in delivering advanced emulsions, polymer modified asphalts, and other solutions that enhance pavement performance and sustainability. Through its state-of-the-art facilities and dedicated technical expertise, Ergon is committed to driving innovation in the asphalt industry. This press release includes forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially. While Verde believes these statements are based on reasonable assumptions, they rely on current information and inherently uncertain future projections. Additional risks and uncertainties are outlined in Verde's SEC filings, which may further impact actual outcomes in this press release. View original content to download multimedia: SOURCE Verde Resources Inc.
Yahoo
6 days ago
- Business
- Yahoo
Verde and Ergon Sign MOU to Advance Commercialization of Low-Carbon Road Materials
ST. LOUIS, June 4, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR), a leader in sustainable road construction technologies, announced today that its wholly owned subsidiary, Verde Renewables Inc., has signed a Memorandum of Understanding (MOU) with Ergon Asphalt & Emulsions, Inc., a trusted industry pioneer in asphalt innovation and supply. This marks a major milestone in their growing strategic alliance. The MOU builds on the companies' February 2025 announcement detailing their collaboration to produce a specialized emulsion used in the cold mix biochar-asphalt surface material deployed at the National Center for Asphalt Technology (NCAT) test track. That groundbreaking achievement was made possible by Verde's proprietary emulsifying agent, specifically engineered to enable low-temperature emulsion production with at least 20% fewer greenhouse gas emissions than conventional binders. This innovation also allows for the seamless integration of biochar, a carbon-sequestering material, and facilitates a bonding mechanism with aggregates, resulting in a high-performance Biochar-Asphalt surface course that sets a new benchmark for both durability and environmental impact. In April, this formulation enabled Verde to make history by generating the world's first Carbon Removal Credits from asphalt production and installation, based on the NCAT proof-of-concept project. With this MOU, Verde and Ergon are advancing their partnership to the next level. The companies are now working toward finalizing the commercial terms of an exclusive agreement for the U.S. market while simultaneously initiating a rapid validation of Verde's technology at Paragon, Ergon's state-of-the-art asphalt and materials testing lab. "When you think of the best and most respected name in asphalt, you think of Ergon," said Eric Bava, Chief Operating Officer of Verde Resources. "This partnership is about more than innovation. It's about equipping Ergon, along with its partners, contractors, customers, and broader ecosystem, with practical tools to reduce Scope emissions and further solidify their leadership in sustainable infrastructure." This partnership will be a key step in Verde's mission to turn sustainability into a competitive advantage, while delivering practical, profitable, and environmentally responsible solutions without compromising performance. "We want to be on the leading edge of sustainable road materials, and the technologies Verde is bringing to the table make that possible," said Larry Tomkins, Senior Vice President of Sales & Marketing at Ergon Asphalt & Emulsions. "This next phase is about accelerating adoption and delivering meaningful change in how roads are built—without sacrificing quality or reliability. We're excited to build on the strong relationship we've developed and look forward to what's ahead with Verde." With shared momentum and a clear path forward, Verde and Ergon are poised to usher in a new era of modern, low-carbon infrastructure by commercializing a validated technology that aligns sound economics with environmental responsibility at scale. About Verde Resources Inc.: Verde Resources Inc. (OTCQB: VRDR) is a leader in sustainable infrastructure, specializing in innovative and cost-effective solutions to help the industry seamlessly #TransitionToZero™. By integrating proprietary technologies with sustainable practices, Verde is at the forefront of creating low-carbon materials for infrastructure worldwide. About Ergon Asphalt & Emulsions, Inc.: Ergon Asphalt & Emulsions, Inc., a subsidiary of Ergon, Inc., is a leading provider of high-performance asphalt products and technologies. With decades of experience, Ergon specializes in delivering advanced emulsions, polymer modified asphalts, and other solutions that enhance pavement performance and sustainability. Through its state-of-the-art facilities and dedicated technical expertise, Ergon is committed to driving innovation in the asphalt industry. This press release includes forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially. While Verde believes these statements are based on reasonable assumptions, they rely on current information and inherently uncertain future projections. Additional risks and uncertainties are outlined in Verde's SEC filings, which may further impact actual outcomes in this press release. View original content to download multimedia: SOURCE Verde Resources Inc.
Associated Press
13-03-2025
- Automotive
- Associated Press
Verde Cuts Carbon Emissions by 46% in Road Construction
Verde Resources, Inc. announces groundbreaking preliminary findings from the National Center for Asphalt Technology (NCAT), revealing the transformative impact of its TerraZyme® technology in road construction. The Life Cycle Assessment (LCA) of Verde's S-11 cross-section at the NCAT Test Track demonstrates significant advancements. Compared to a conventional method also installed on the track, TerraZyme® reduced overall carbon emissions by 46%, cut Portland cement use by 60%, and completely eliminated hydrated lime. By utilizing in-situ soil, it further minimized reliance on externally sourced materials, reducing the logistics footprint. Eight months of comparative data confirm S-11's superior performance, with minimal rutting, no cracking, and an exceptionally low International Roughness Index (IRI). These achievements were realized during the subgrade and base layer construction in August 2024. 'The numbers speak for themselves, and we couldn't be more thrilled,' said Eric Bava, COO of Verde. 'These results confirm TerraZyme's environmental and economic benefits, paving the way for broader adoption in road construction across the U.S. and globally. By demonstrating significant carbon reductions and enhanced performance, we're driving industry acceptance and investment in sustainable infrastructure.' The data from NCAT will be submitted to Climate Action Reserve as part of the ongoing application to register this project and generate carbon avoidance credits, further validating the concept. 'This enzyme technology has been incredibly impressive not only in reducing carbon-intensive materials, but also in overall emissions reduction and performance,' said Nathan Moore, NCAT's lead for the test track program. 'We will continue monitoring and collecting data, but TerraZyme is shaping up to be a game-changer in the road construction industry.' Verde remains committed to driving innovation in Net Zero road construction by collaborating with strategic partners to commercialize common-sense, sustainable infrastructure solutions. The company will share further insights as additional data emerges. About Verde Resources Inc.: Verde Resources Inc. (OTCQB: VRDR) is a leader in sustainable infrastructure, specializing in innovative and cost-effective solutions to help the industry seamlessly #TransitionToZero™. By integrating proprietary technologies with sustainable practices, Verde is at the forefront of creating low-carbon materials for infrastructure worldwide. NCAT is a world leader in asphalt pavement technology, partnering with the National Asphalt Pavement Association, state transportation departments, the Federal Highway Administration, and industry stakeholders. Globally recognized for research, training, and technology transfer, it focuses on safe, sustainable, and cost-effective pavements.
