VERDE

Verde Announces Key Executive and Chair Appointments to Drive Climate-tech Innovation

Retrieved on: 
Tuesday, September 12, 2023
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Verde Resources announces key executives: COO Eric Bava and CTO Andre van Zyl.

Key Points: 
  • Verde Resources announces key executives: COO Eric Bava and CTO Andre van Zyl.
  • Stepping into the newly appointed role of Chief Operating Officer (COO) is Eric Bava, and Andre van Zyl as Chief Technology Officer (CTO).
  • This dual role will enable him to provide strategic direction, leadership, and oversight at both the executive and board levels.
  • Under his stewardship, Verde will continue to pursue its growth objectives and drive shareholder value.

AM Best Assigns Credit Ratings to Patria Re (US), Inc.

Retrieved on: 
Wednesday, August 30, 2023
Insurance, Professional Services, Good, AM Best, ALL, ERM, Risk management, Credit, USD, Risk, AM, Growth, News, Reinsurance

The outlook assigned to these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • The ratings also reflect the support received from its immediate parent, Reaseguradora Patria, S.A. (Patria Re), the lead company of the Peña Verde group and a well-known reinsurer in Latin America.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Verde Appoints Chief Marketing Officer

Retrieved on: 
Tuesday, August 22, 2023
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SINGAPORE, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce the appointment of marketing veteran Newton Nagumo to the position of Chief Marketing Officer (“CMO”).

Key Points: 
  • SINGAPORE, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce the appointment of marketing veteran Newton Nagumo to the position of Chief Marketing Officer (“CMO”).
  • Mr. Nagumo will join Verde's leadership team to oversee brand and product marketing, creative initiatives, consumer insights, and global communications.
  • In 2022, as the Chief Strategy Officer to a leading Brazilian marketing firm, Mr. Nagumo oversaw Verde’s rebranding strategy.
  • As part of our corporate restructuring strategy, Verde plans to announce the hiring of a Chief Revenue Officer and a Vice-President of Corporate Development in the near future.

Verde achieves C$10.3 million revenue, 81% gross margin and C$2.1 million EBITDA in the second quarter of 2023

Retrieved on: 
Monday, August 14, 2023
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The Company had an EBITDA of $2,102,000 in Q2 2023, compared to $10,764,000 in Q2 2022.

Key Points: 
  • The Company had an EBITDA of $2,102,000 in Q2 2023, compared to $10,764,000 in Q2 2022.
  • Farmers are encountering difficulties in financing planting activities and are opting for extended payment terms with competitive interest rates from suppliers.
  • This shift has culminated in a decrease in the sales proportion of BAKS, Verde's higher-margin product, from 15% to 8% in the second quarter of 2023.
  • The conjunction of these factors brought specific challenges for Verde and impacted its Product sale during the quarter.

Verde Clean Fuels, Inc. Reports Second Quarter 2023 Financial Results and Announces Filing of Form 10-Q

Retrieved on: 
Monday, August 14, 2023
Alternative Energy, Energy, Oil, Gas, Carbon, Permian, Front-end loading, Partnership, Joint, CRC, Gasoline, BEP, GAAP, Research, LCFS, Fuel pump, Brookfield Renewable Partners, FEED, FID, Carbon capture, Natural gas, D3, Transport, California Resources Corporation, NYSE, Renewable energy

Verde Clean Fuels, Inc. (“Verde” or the “Company"), an emerging leader in the production of renewable gasoline derived from renewable and natural gas feedstocks, today reported second quarter 2023 GAAP diluted loss per share of $(0.12).

Key Points: 
  • Verde Clean Fuels, Inc. (“Verde” or the “Company"), an emerging leader in the production of renewable gasoline derived from renewable and natural gas feedstocks, today reported second quarter 2023 GAAP diluted loss per share of $(0.12).
  • The resulting fuel is expected to have a negative carbon intensity as a result of the carbon capture and sequestration.
  • “During the second quarter, Verde’s business continued to progress meaningfully toward the first commercial deployment of our proprietary syngas-to-gasoline, or STG+, process,” said Ernie Miller, CEO of Verde.
  • I am incredibly proud of our teams for being leaders in the transition to clean transportation for all.”

TLGY Acquisition Corporation Announces Filing of Registration Statement on Form S-4 in Connection With Its Proposed Business Combination With Verde Bioresins

Retrieved on: 
Tuesday, August 15, 2023
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While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Verde, TLGY, and the proposed business combination.

Key Points: 
  • While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Verde, TLGY, and the proposed business combination.
  • The proposed business combination sets Verde's implied pre-money enterprise value at closing at $365 million ($433 million pro forma EV), excluding earnouts.
  • Cleary Gottlieb Steen & Hamilton LLP is serving as legal advisor and Marcum Bernstein & Pinchuk LLP is serving as auditor to TLGY Acquisition Corporation.
  • IR Labs Inc. is serving as investor relations and public relations for the proposed business combination.

Verde Secures Biochar-Asphalt IPs and Formalizes Puro.Earth Partnership for Engineered Carbon Removal

Retrieved on: 
Monday, August 7, 2023
Carbon, Intellectual property, Partnership, Construction, OTCQB, GCI, Chief, Climate change, IPCC, Acceleration, CO2, E-CORCE, Renewable energy

"Teaming up with Verde to propel our technologies towards a carbon net negative future is truly exhilarating.

Key Points: 
  • "Teaming up with Verde to propel our technologies towards a carbon net negative future is truly exhilarating.
  • Through the integration and extensive utilization of biochar – a carbon-rich material derived from organic waste, Verde aims to reduce carbon emissions and the carbon footprint of infrastructure projects.
  • Puro.earth, the world's leading crediting platform for durable carbon removal, registered Verde as a carbon removal supplier as part of Puro.earth's Accelerate program earlier this year.
  • "We are delighted to collaborate with Verde in a purposeful partnership to bolster carbon removal, efforts that are critical to meeting the pressing challenge of reaching net zero emissions, per the IPCC.

Verde Bio Holdings Provides Fiscal Year End Corporate Update

Retrieved on: 
Wednesday, August 2, 2023
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FRISCO, TX, Aug. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas company, today issued its fiscal year end shareholder update.

Key Points: 
  • FRISCO, TX, Aug. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas company, today issued its fiscal year end shareholder update.
  • We at Verde continue to execute our strategy and are pleased to provide a corporate update along with our 10-K filing with the highlights of the past year and what is in store for the future.
  • We continue to be very bullish on oil and gas and the future of Verde as a growing and profitable company.
  • On a Corporate note, the Company is still working with FINRA to approve our application for name change and reverse split.

Verde Clean Fuels Announces Carbon Capture Agreement for Renewable Gasoline Plant in California

Retrieved on: 
Tuesday, August 1, 2023
Environment, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Agriculture, Natural Resources, Carbon, Heart, Partnership, Carbon dioxide, CRC, CDMA, Gasoline, CTV, BEP, GHG, CDMA spectral efficiency, Fuel pump, Brookfield Renewable Partners, FID, RG, Natural gas, CO2, Transport, Biomass, California Resources Corporation, NYSE, Economics, Renewable energy

Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).

Key Points: 
  • Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).
  • Under the terms of the agreement, Verde will construct a new renewable gasoline production facility at CRC’s existing Net Zero Industrial Park in Kern County, California.
  • “This new agreement between CTV JV and Verde Clean Fuels provides an innovative approach to renewable fuels at the heart of energy development in the state, and further validates CRC’s decarbonization efforts by a publicly traded company looking to expand in California.”
    The renewable gasoline facility will employ Verde proprietary and innovative liquid fuels technology to convert synthetic gas (syngas) into renewable gasoline.
  • ( www.inentec.com ) The project is expected to produce approximately 7 million gallons per year of renewable gasoline for use as transportation fuel.

Verde's Products Remove Carbon Dioxide From the Air

Retrieved on: 
Wednesday, July 19, 2023
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The carbon dioxide (“CO2”) capture is inherent to the Products and is estimated at 120kg per tonne.

Key Points: 
  • The carbon dioxide (“CO2”) capture is inherent to the Products and is estimated at 120kg per tonne.
  • To evaluate Verde's Products, the Company engaged Professor David Manning Ph.D., who is a leading expert in ERW.
  • We are now devoting significant energy and resources to the Life Cycle Analysis, which will determine our products' carbon footprint - if there is any and how best to pursue monetization from potential carbon credits.
  • The Company will also determine how its Products can meet the requirements necessary to generate carbon credits.