Latest news with #Verde
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.
The Sun
22-05-2025
- Sport
- The Sun
Napoli fans calm as city holds breath for Scudetto showdown
NAPLES: As a thrilling season comes to an end, Napoli fans remain calm and confident as the city prepares for a historic night with the Serie A title hanging in the balance ahead of Friday's final match. The season has gone right down to the wire, with Napoli and Inter Milan battling for supremacy. Napoli hold a slender one-point lead heading into Friday's finale at home against Cagliari while Inter play at Como at the same time. After stumbling to two consecutive draws, the title race may have become too close for comfort for the Campania club, after stumbling to two consecutive draws. But the optimism is still there. 'Last week was nervous because we didn't get the result. But I am confident we will win this tomorrow,' Mario Verde, a cafe owner on the island of Capri told Reuters. Now the fans of the football-mad city are preparing for the party. Light blue floods the streets as Napoli shirts drape from balconies and shop-fronts, the city holding its breath ahead of the most thrilling finale in years. 'A win for Napoli is special because it's a win for the entire south of Italy. The north often looks down on the south. They win most of the titles. So this title would be for the south,' Verde added. The city of Naples is getting ready for the evening, with over 450,000 people having queued for tickets to the final match. Authorities are expecting enormous crowds throughout the city. Twenty big screens will be set up across Naples as fans gather to witness the club's potential fourth Scudetto - and their second in just three years, but fans are not taking anything for granted. 'Here in Naples, we don't talk about victory yet because we are very superstitious, but we usually say one thing: 'It won't happen, but if it does...',' fellow Napoli fan Giuseppe Coppola said with a smile. About 660 kilometres to the north, the mood is similarly calm among Inter fans, who also have the Champions League final against Paris St Germain to look forward to at the end of the month. 'I'll just watch — it's not in our hands. We'll experience it calmly,' life-long Inter Milan fan Andrea Comin told Reuters by email, adding he was not worried. 'I believe the team has been focused on the Champions League final for quite some time now,' he added when asked if he was concerned that the European title had taken priority over Serie A for Inter.
Straits Times
22-05-2025
- Sport
- Straits Times
Napoli fans calm as city holds breath for Scudetto showdown
NAPLES, Italy - As a thrilling season comes to an end, Napoli fans remain calm and confident as the city prepares for a historic night with the Serie A title hanging in the balance ahead of Friday's final match. The season has gone right down to the wire, with Napoli and Inter Milan battling for supremacy. Napoli hold a slender one-point lead heading into Friday's finale at home against Cagliari while Inter play at Como at the same time. After stumbling to two consecutive draws, the title race may have become too close for comfort for the Campania club, after stumbling to two consecutive draws. But the optimism is still there. "Last week was nervous because we didn't get the result. But I am confident we will win this tomorrow," Mario Verde, a cafe owner on the island of Capri told Reuters. Now the fans of the football-mad city are preparing for the party. Light blue floods the streets as Napoli shirts drape from balconies and shop-fronts, the city holding its breath ahead of the most thrilling finale in years. "A win for Napoli is special because it's a win for the entire south of Italy. The north often looks down on the south. They win most of the titles. So this title would be for the south," Verde added. The city of Naples is getting ready for the evening, with over 450,000 people having queued for tickets to the final match. Authorities are expecting enormous crowds throughout the city. Twenty big screens will be set up across Naples as fans gather to witness the club's potential fourth Scudetto - and their second in just three years, but fans are not taking anything for granted. "Here in Naples, we don't talk about victory yet because we are very superstitious, but we usually say one thing: 'It won't happen, but if it does...'," fellow Napoli fan Giuseppe Coppola said with a smile. About 660 kilometres to the north, the mood is similarly calm among Inter fans, who also have the Champions League final against Paris St Germain to look forward to at the end of the month. "I'll just watch — it's not in our hands. We'll experience it calmly," life-long Inter Milan fan Andrea Comin told Reuters by email, adding he was not worried. "I believe the team has been focused on the Champions League final for quite some time now," he added when asked if he was concerned that the European title had taken priority over Serie A for Inter. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
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
