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Verde Clean Fuels Inc.

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About

Verde Clean Fuels Inc. is a renewable energy company focused on the development of commercial production plants to convert syngas, derived from diverse biomass feedstocks, such as yard waste, agricultural waste, and sorted municipal solid waste, as well as stranded or flared natural gas into gasoline through a proprietary liquid fuels technology.

News

Diamondback Subsidiary to Invest $50MM in Verde Clean Fuels

Diamondback Energy subsidiary Cottonmouth Ventures LLC’s investment will consist of buying 12.5 million shares of Verde Class A common stock, making Cottonmouth the company’s second largest shareholder.

Diamondback Curtails Permian Oil Output Amid Associated Gas Glut

Diamondback Energy, one of the Permian’s largest oil producers, curtailed some Permian oil output to limit associated gas production. Permian gas output is near record highs, and takeaway capacity out of the basin is bottlenecked.

Chemex Agrees to FEED Contract for Verde’s NatGas-to-gasoline Plant

Verde said the project will be located in Martin County, Texas. Completion of Chemex’s FEED work is anticipated in early 2025.

Diamondback, Verde Plan Converting Permian Natgas to Gasoline

Diamondback Energy subsidiary Cottonmouth Venture LLC has entered into a joint development agreement with Verde Clean Fuels to build a natural gas-to-gasoline facility in the Permian Basin.