Verde Resources announced two material agreements to advance biochar-based paving products and carbon credit monetization. The company entered a 10-year Master Commercialization and Collaboration Agreement with Ergon to supply engineered biochar, support product rollout starting with a cold mix road paving product, and manage carbon removal credits with revenue sharing and per-gallon royalties under Project #1. Verde also amended its Supply Agreement with Biochar Solutions to expand white-label biochar supply beyond 38,500 tons as needed and to jointly pursue patents on a Designer-Blend Char formulation with equal ownership. Together, these moves aim to secure supply, strengthen product performance, and accelerate commercialization with a preferred vendor position at Ergon.
Agreement 1: Verde Resources Strikes 10-Year Commercialization Pact With Ergon to Scale Biochar Asphalt
- Agreement type: Master Commercialization and Collaboration Agreement
- Counterparty: Ergon Asphalt & Emulsions
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: 10-year initial term; auto-renews for 5 years
- Reason: Scale biochar paving products and monetize carbon credits
Agreement 2: Verde Resources Amends Biochar Supply Deal With Biochar Solutions, Adds White-Label and Joint Patent
- Agreement type: First Amendment to Supply Agreement
- Counterparty: Biochar Solutions
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Reason: Expand white-label supply and co-own IP for BioAsphalt
Original SEC Filing:
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