Latest news with #JackWong
Yahoo
20-05-2025
- Automotive
- Yahoo
Verde and C-Twelve Forge 10-Year Exclusive Partnership to Redefine the Roads of the Future
ST. LOUIS, May 20, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR) and Australian innovator C-Twelve Pty Ltd (C12) are proud to announce a landmark 10-year exclusive partnership aimed at commercializing low carbon asphalt technology across the United States. This long-term collaboration marks a pivotal step toward redefining the future of sustainable road construction, following the successful completion of their joint term sheet objectives signed in October 2024. The partnership has already delivered tangible results. Proof-of-concept trials conducted at the National Center for Asphalt Technology (NCAT) Test Track in Auburn, Alabama, in December 2024 and April 2025, validated the performance of asphalt produced without burning 95% of the fossil fuels typically required for the production of standard hot mix asphalt. This significant carbon reduction is complemented by a scalable, replicable model for engineered carbon removal. Verde's IP Model unlocks a new revenue stream through Carbon Removal Credits, offering both environmental and financial benefits, and providing companies with a pathway to offset their Scope emissions, thereby reducing costs. These trials confirmed not only the environmental benefits but also the economic viability of deploying the group's technology across all aspects of road construction and infrastructure, providing pavement durability while reducing greenhouse gas emissions. As part of this partnership, Verde-C12 will share joint ownership of all solutions developed, tested, and piloted in the United States. "We're incredibly proud of what we've accomplished with C12 in just seven months," said Jack Wong, CEO of Verde Resources. "Our successful proof-of-concept is a direct reflection of the vision we set out to achieve together. With C12's groundbreaking technology and Verde's commitment to sustainable infrastructure, we're poised to deliver transformative, common-sense solutions that will redefine our roads of the future, for the benefit of both the environment and the economy." Beyond improving road durability and cutting emissions, this collaboration enables carbon sequestration at scale while maximizing impact within existing budgets. The Verde-C12 IP has created a model for engineered carbon removal that stretches infrastructure budgets further, allowing governments to do more with the same taxpayer dollar. At the same time, the generated Carbon Removal Credits offer corporations a powerful tool to meet their sustainability targets while supporting next-generation infrastructure. In a world-first achievement, Verde successfully generated the first-ever biochar-based Carbon Removal Credits from asphalt in April 2025. These credits were certified by the leading global standard for engineered carbon removal. This groundbreaking milestone, made only possible by C-Twelve's pioneering technology, represents a major leap forward in climate innovation. The credits were pre-purchased by one of the world's largest financial institutions, signaling strong market confidence in the technology's commercialization potential and its pivotal role in accelerating the global transition to Net Zero. "We're excited to take this next step with Verde and bring our years of R&D to market," said Jason Lee, CEO of C-Twelve. "This partnership affirms our shared vision and technical progress. With Verde's expertise and industry network in the U.S., we're ready to drive this innovation into widespread adoption and deliver measurable impact on both infrastructure and climate." Going green has long been viewed as a premium, but the Verde–C12 solution flips that narrative. With superior efficiency from end to end, it delivers tangible wins for the economy, meaningful savings for taxpayers, and lasting benefits for the environment. 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 C-Twelve Pty Ltd:C-Twelve is an Australian-based company pioneering industrial-scale carbon sequestration technologies for road construction and infrastructure. Focused on integrating climate-smart innovations into everyday infrastructure, C-Twelve captures and stores carbon directly in asphalt pavements, delivering resilient roads and a more sustainable planet. View original content to download multimedia: SOURCE Verde Resources Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Automotive
- Yahoo
Verde and C-Twelve Forge 10-Year Exclusive Partnership to Redefine the Roads of the Future
ST. LOUIS, May 20, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR) and Australian innovator C-Twelve Pty Ltd (C12) are proud to announce a landmark 10-year exclusive partnership aimed at commercializing low carbon asphalt technology across the United States. This long-term collaboration marks a pivotal step toward redefining the future of sustainable road construction, following the successful completion of their joint term sheet objectives signed in October 2024. The partnership has already delivered tangible results. Proof-of-concept trials conducted at the National Center for Asphalt Technology (NCAT) Test Track in Auburn, Alabama, in December 2024 and April 2025, validated the performance of asphalt produced without burning 95% of the fossil fuels typically required for the production of standard hot mix asphalt. This significant carbon reduction is complemented by a scalable, replicable model for engineered carbon removal. Verde's IP Model unlocks a new revenue stream through Carbon Removal Credits, offering both environmental and financial benefits, and providing companies with a pathway to offset their Scope emissions, thereby reducing costs. These trials confirmed not only the environmental benefits but also the economic viability of deploying the group's technology across all aspects of road construction and infrastructure, providing pavement durability while reducing greenhouse gas emissions. As part of this partnership, Verde-C12 will share joint ownership of all solutions developed, tested, and piloted in the United States. "We're incredibly proud of what we've accomplished with C12 in just seven months," said Jack Wong, CEO of Verde Resources. "Our successful proof-of-concept is a direct reflection of the vision we set out to achieve together. With C12's groundbreaking technology and Verde's commitment to sustainable infrastructure, we're poised to deliver transformative, common-sense solutions that will redefine our roads of the future, for the benefit of both the environment and the economy." Beyond improving road durability and cutting emissions, this collaboration enables carbon sequestration at scale while maximizing impact within existing budgets. The Verde-C12 IP has created a model for engineered carbon removal that stretches infrastructure budgets further, allowing governments to do more with the same taxpayer dollar. At the same time, the generated Carbon Removal Credits offer corporations a powerful tool to meet their sustainability targets while supporting next-generation infrastructure. In a world-first achievement, Verde successfully generated the first-ever biochar-based Carbon Removal Credits from asphalt in April 2025. These credits were certified by the leading global standard for engineered carbon removal. This groundbreaking milestone, made only possible by C-Twelve's pioneering technology, represents a major leap forward in climate innovation. The credits were pre-purchased by one of the world's largest financial institutions, signaling strong market confidence in the technology's commercialization potential and its pivotal role in accelerating the global transition to Net Zero. "We're excited to take this next step with Verde and bring our years of R&D to market," said Jason Lee, CEO of C-Twelve. "This partnership affirms our shared vision and technical progress. With Verde's expertise and industry network in the U.S., we're ready to drive this innovation into widespread adoption and deliver measurable impact on both infrastructure and climate." Going green has long been viewed as a premium, but the Verde–C12 solution flips that narrative. With superior efficiency from end to end, it delivers tangible wins for the economy, meaningful savings for taxpayers, and lasting benefits for the environment. 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 C-Twelve Pty Ltd:C-Twelve is an Australian-based company pioneering industrial-scale carbon sequestration technologies for road construction and infrastructure. Focused on integrating climate-smart innovations into everyday infrastructure, C-Twelve captures and stores carbon directly in asphalt pavements, delivering resilient roads and a more sustainable planet. View original content to download multimedia: SOURCE Verde Resources Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
10-04-2025
- Automotive
- Associated Press
Verde Sets Industry First with Puro.earth Carbon Credits from Asphalt
Verde Resources Inc. proudly announces the successful completion of its proof-of-concept project at the National Center for Asphalt Technology (NCAT) Test Track, resulting in the issuance and sale of the world's first-ever Biochar Carbon Removal Credits from asphalt applications. In collaboration with Oregon Biochar Solutions and NCAT, Verde produced and installed 110 tons of cold mix asphalt integrated with 5 tons of biochar in December 2024. The showcase project, completed on December 20th, demonstrated a breakthrough in sustainable infrastructure, combining cold mix asphalt with biochar to deliver both greenhouse gas (GHG) reduction and carbon sequestration benefits. This unprecedented winter showcase—from production to installation—was captured here. The resulting 8 tons of Carbon Removal Credits have been issued by the world's leading crediting platform for engineered carbon removal, and have already been pre-purchased by one of the world's largest financial institutions focused on Carbon Dioxide Removals (CDRs). 'Our showcase demonstrates that common-sense economics and Net Zero infrastructure solutions can go hand in hand,' said Jack Wong, CEO of Verde Resources. 'Bio-Asphalt isn't just cheaper, more durable and efficient—it's scalable, sustainable, and deliver real benefits. Our industry partners can reduce costs while also tap into the value of carbon credits that go straight to their bottom line. Going green has too often been perceived as a luxury, but Verde's solution is a win for asphalt producers, frontline workers, taxpayers, and the environment.' Verde's Bio-Asphalt can be produced and applied year-round, even during winter, without the need for heat or solvents. This extends paving and production seasons, which unlocks additional economic benefits while significantly cutting greenhouse gas emissions. It's also odorless, making it safer for frontline workers. 'We congratulate Verde Resources and Oregon Biochar Solutions for their pioneering and innovative storage of biochar into asphalt. The use of biochar in certain asphalt products is deemed an eligible biochar end-use that preserves its carbon storage value under Puro Standard Biochar Methodology,' said Alvin Lee, Head of Supply at The NCAT cross section served as the proving ground for Verde's Net Zero Blueprint—an approach that integrates advanced asphalt technology with Carbon Removal Credit potential that results in even stronger project economics. The technology is rigorously tested under real-world conditions for resistance to extreme temperatures, structural integrity, and long-term durability. 'Verde Resources has delivered an innovative and reliable solution for modern infrastructure that not only reduces GHG emissions but also actively contribute to carbon sequestration,' said Perrine Legoubé, Carbon Director at GECA, who oversees Verde's Carbon Dioxide Removal (CDR) certifications. 'As Verde's global licensing model expands, the project's positive impact on United Nation's Sustainable Development Goals (SDG) 9.4 and 11.6 will only continue to grow.' With multiple high-impact contracts under negotiation in the hard-to-abate construction sector, which is responsible for 37% of global emissions, Verde is positioned for rapid scale. The company is targeting the removal of 5,000 tCO₂eq by 2026 and at least 50,000 CO₂eq annually by 2030, accelerating decarbonization in one of the world's most emission-intensive industries while delivering sustainable road pavement solutions at the lowest possible life cycle cost. 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.
