Industry leader Ergon to manufacture and distribute products incorporating Verde's proprietary technologies across the multibillion dollar North American asphalt market Verde and Ergon also sign term sheet for $2 million strategic investment, expected to close later this month , /PRNewswire/ --Verde Resources Inc. (OTCQB: VRDR) (Verde), a road materials company offering proprietary, environmentally sustainable solutions, is pleased to announce the signing of a 10-year definitive license agreement between ...

Core Insights - Verde Resources Inc. is pioneering the use of Cold-Mix Biochar Asphalt, which sequesters carbon while maintaining strength and flexibility for road applications [2][4] - The Biochar-Asphalt test section at NCAT has shown durability and resilience after nearly 50,000 ESALs of heavy truck traffic, indicating its suitability for low-traffic applications [3][4] - The company has generated verified Carbon Removal Credits for its Biochar-Asphalt, positioning it as a leader in transforming asphalt into a climate-positive material [4][8] Company Developments - Verde Resources has signed a memorandum of understanding with Ergon Asphalt & Emulsions, aiming for a long-term exclusive agreement by September 2025 to accelerate commercialization of its technologies [5] - The company is focused on reducing greenhouse gas emissions and optimizing the use of native soils and recycled materials, enhancing overall efficiency while lowering costs [7] Industry Impact - The introduction of biochar-infused asphalt is expected to reshape sustainable roadbuilding practices, contributing to a significant reduction in emissions across the construction value chain [4][6] - The ongoing validation of the Biochar-Asphalt at NCAT is part of a multi-year test cycle to assess its long-term viability for various traffic conditions [3]

Product Innovation & Functionality - Kind Designs' seawalls mimic mangroves and marine habitats, protecting coastal communities and sequestering carbon [1] - The seawalls function like reefs, dissipating 47% of wave energy and improving water quality [2] - Each panel sequesters approximately 40 lbs (18.14 kg) of carbon per year, equivalent to a tree [4] - The seawalls attract native species and create artificial reefs [4] Materials & Manufacturing - Kind Designs uses rapid setting cement with a 32% lower CO2 footprint than traditional Portland cement [3] - The materials are non-metallic and non-toxic [3] - The seawalls are 3D printed, significantly reducing construction time [2] - 3D printing allows for faster production, with a curing time of 3 days compared to a month for traditional seawalls [7] Cost & Market Adoption - The panels cost about $30 per square foot, comparable to traditional panels [6] - Living seawalls eliminate the need for expensive environmental offsets required by permitting agencies for traditional seawalls [6] - Coastal developers find the seawalls efficient and cost-effective [5] Investment & Funding - Kind Designs has received a total of $11.5 million in VC funding from various investors, including Florida Opportunity Fund, Anthroposine Ventures, Go Ventures, Overlay Capital, and Mark Cuban Companies [5]

Core Insights - Reykjavík Energy has published its Green Finance Impact Report for 2024, which has been audited and certified by independent auditors [1] - The report details the allocation of green loan proceeds amounting to ISK 31.3 billion in 2024 [1] Company Developments - Since leading green financing in Iceland in 2019, Reykjavík Energy has secured more favorable financing terms and is now the largest issuer of green bonds in the country [2] - The company's established reputation in green financing is expected to support its future ambitious projects in energy production, utility operations, and carbon sequestration [2]