STOCK TITAN

Verde and C-Twelve Unite to Revolutionize the Roads of the Future

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Verde Resources (OTCQB: VRDR) and C-Twelve have formed a partnership to transform road construction using biochar-asphalt technology. Verde has secured exclusive U.S. licensing rights for C-Twelve's innovative binder and surfacing technology, with first right of refusal for expansion. Testing will begin at the National Center for Asphalt Technology Test Track, expected to complete by December 2024. The technology enables asphalt production in freezing temperatures and promises to reduce costs by at least 20%. The project aims to generate 10 tons of Carbon Removal Credits and revolutionize road infrastructure while significantly reducing greenhouse gas emissions.

Verde Resources (OTCQB: VRDR) e C-Twelve hanno formato un partenariato per trasformare la costruzione stradale utilizzando la tecnologia del biochar-asfalto. Verde ha ottenuto diritti di licenza esclusiva negli Stati Uniti per l'innovativa tecnologia di legante e pavimentazione di C-Twelve, con diritto di prelazione per ulteriori espansioni. I test inizieranno presso la Pista di Prova Nazionale per la Tecnologia dell'Asfalto, e dovrebbero completarsi entro dicembre 2024. La tecnologia consente la produzione di asfalto a temperature vicino allo zero e promette di ridurre i costi di almeno il 20%. Il progetto mira a generare 10 tonnellate di Crediti di Rimozione del Carbonio e a rivoluzionare l'infrastruttura stradale, riducendo significativamente le emissioni di gas serra.

Verde Resources (OTCQB: VRDR) y C-Twelve han formado una asociación para transformar la construcción de carreteras utilizando tecnología de biochar-asfalto. Verde ha asegurado derechos de licencia exclusivos en EE. UU. para la innovadora tecnología de aglutinante y superficie de C-Twelve, con derecho de tanteo para la expansión. Las pruebas comenzarán en la Pista de Pruebas del Centro Nacional de Tecnología del Asfalto, que se espera completar para diciembre de 2024. La tecnología permite la producción de asfalto a temperaturas bajo cero y promete reducir costos en al menos un 20%. El proyecto tiene como objetivo generar 10 toneladas de Créditos de Eliminación de Carbono y revolucionar la infraestructura vial mientras reduce significativamente las emisiones de gases de efecto invernadero.

Verde Resources (OTCQB: VRDR)C-Twelve가 바이오차 아스팔트 기술을 사용하여 도로 건설을 변화시키기 위한 파트너십을 체결했습니다. Verde는 C-Twelve의 혁신적인 바인더 및 표면 기술에 대한 미국 독점 라이센스 권리를 확보했으며, 확장에 대한 우선 매수권을 가지고 있습니다. 테스트는 아스팔트 기술의 국가 시험 트랙에서 시작될 예정이며, 2024년 12월까지 완료될 것으로 예상됩니다. 이 기술은 영하의 온도에서도 아스팔트 생산을 가능하게 하며, 최소 20%의 비용 절감을 약속합니다. 이 프로젝트는 10톤의 탄소 제거 크레딧을 생성하고 도로 인프라를 혁신하며 온실가스 배출을 상당히 줄이는 것을 목표로 하고 있습니다.

Verde Resources (OTCQB: VRDR) et C-Twelve ont formé un partenariat pour transformer la construction routière en utilisant la technologie biochar-asphalte. Verde a obtenu les droits de licence exclusifs aux États-Unis pour la technologie innovante de liant et de surface de C-Twelve, avec un droit de premier refus pour toute expansion. Les tests commenceront sur la piste d'essai du Centre National de Technologie de l'Asphalte, dont l'achèvement est prévu d'ici décembre 2024. La technologie permet de produire de l'asphalte à des températures négatives et promet de réduire les coûts d'au moins 20 %. Le projet vise à générer 10 tonnes de crédits de retrait de carbone et à révolutionner l'infrastructure routière tout en réduisant considérablement les émissions de gaz à effet de serre.

Verde Resources (OTCQB: VRDR) und C-Twelve haben eine Partnerschaft gebildet, um den Straßenbau mithilfe von Biochar-Asphalttechnologie zu transformieren. Verde hat sich die exklusiven Lizenzrechte in den USA für die innovative Bindemittel- und Oberflächentechnologie von C-Twelve gesichert, mit dem ersten Recht auf Ablehnung für Erweiterungen. Die Tests beginnen auf der Teststrecke des National Center for Asphalt Technology, die voraussichtlich bis Dezember 2024 abgeschlossen sein werden. Die Technologie ermöglicht die Asphaltproduktion bei gefrierenden Temperaturen und verspricht, die Kosten um mindestens 20 % zu senken. Das Projekt zielt darauf ab, 10 Tonnen Carbon Removal Credits zu generieren und die Straßeninfrastruktur zu revolutionieren, während die Treibhausgasemissionen erheblich gesenkt werden.

Positive
  • Exclusive U.S. licensing rights for innovative biochar-asphalt technology
  • Cost reduction potential of at least 20% in road construction
  • Ability to operate year-round, including winter conditions
  • Minimal equipment and supply chain changes required for implementation
  • Expected generation of Carbon Removal Credits
Negative
  • Technology still requires validation and certification
  • Implementation timeline extends to December 2024

ST. LOUIS, Oct. 23, 2024 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR) and C-Twelve Pty Ltd (Australia) are excited to announce a transformative partnership that will reshape the road construction industry and drive global sustainability.

The collaboration leverages C-Twelve's cutting-edge binder and biochar-asphalt surfacing technology, developed over the past five years and now exclusively licensed to Verde for U.S. commercialization. Verde holds the first right of refusal to expand this technology into new regions and is authorized to file and manage U.S. patents based on C-Twelve's intellectual property, with all patents branded under the Verde name.

The partnership marks a significant step forward with joint technology testing set to begin. Installations are planned on Verde's designated cross section at the National Center for Asphalt Technology (NCAT) Test Track in Auburn, Alabama, with completion expected by December 2024. Unlike traditional hot asphalt, biochar-asphalt can be produced and installed even in freezing temperatures—a key feature Verde and C-Twelve intend to showcase. Additionally, the demonstrations are expected to generate approximately 10 tons of Carbon Removal Credits, certified through a leading methodology, in partnership with Verde's carbon removal partners: GECA Environnement, Oregon Biochar Solutions, and CarbonPilot. A post-installation sales strategy will be launched to validate the concept, with comprehensive Measurement, Reporting, and Verification (MRV) protocols ensuring the highest standards of integrity and transparency, mitigating any risk of greenwashing.

Once validated and certified at the highest level, this blueprint has the potential to revolutionize millions of miles of roads by creating durable, sustainable infrastructure that significantly reduces greenhouse gas emissions, sequesters carbon, and cuts costs by at least 20%. It will also generate valuable carbon removal credits and repurpose millions of tons of bio-waste, while creating jobs and supporting the global circular economy.

For existing hot asphalt producers, this licensable blueprint represents a paradigm shift, offering an opportunity rather than competition. It provides a seamless transition to cold-based biochar asphalt  production, eliminating energy-intensive burners and cutting GHG emissions. Producers can operate year-round, including in winter, boosting profitability while contributing to carbon sequestration. The transition requires minimal changes to equipment and supply chains, preserving vendor relationships while reducing costs and emissions.

"The road to Net Zero is paved with innovation, strategic partnerships and common-sense economics," said Jack Wong, CEO of Verde Resources. "Our collaboration with C-Twelve is not only redefining the way roads are built, but also establishing a new benchmark for sustainable infrastructure through pragmatic, transformative approaches."

Over the past two years, Verde has meticulously and strategically forged partnerships with organizations that share its mission and values, overcoming early challenges to secure a key alliance with a company that has successfully sequestered over 2,000 tons of carbon into asphalt mix. As a result, Verde now collaborates with trusted partners who are fully aligned with its bold vision of enabling global infrastructure to seamlessly #TransitionToZero.

"We're incredibly excited about this alliance with Verde," said Jason Lee, CEO of C-Twelve. "This partnership is a pivotal moment, especially after overcoming challenges perfecting the technology. Both C-Twelve and Verde have emerged stronger, more resilient, and fully committed to our shared vision. The challenges both entities have faced have only strengthened the immense potential of this partnership, and we're excited to drive this transformative change forward with the team at Verde."

For more information, visit Verde Resources Inc. and C-Twelve Pty Ltd.

About Verde Resources Inc.:
Verde is at the forefront of establishing the world's first Net Zero road construction blueprint, certified at the highest level. Through advanced solutions and strategic partnerships, Verde is committed to driving positive change in the industry and contributing to a more sustainable future.

About C-Twelve Pty Ltd (Australia):
C-Twelve Australia is at the forefront of developing industrial-scale carbon sequestration solutions for a sustainable future in road construction and infrastructure. With a deep commitment to environmental sustainability, C-Twelve integrates cutting-edge technologies to capture and store carbon within road systems, reducing environmental impact while enhancing the durability and performance of roadways. These innovations tackle the urgent demand for sustainable infrastructure in the face of global climate challenges, paving the way to a greener future.

About NCAT:
NCAT is a world leader in asphalt pavement technology, supported by its long-standing partnerships with National Asphalt Pavement Association (NAPA), state transportation departments, the Federal Highway Administration (FHWA), and industry stakeholders. It is recognized worldwide for excellence in research, training, education, and technology transfer, with a focus on building safe, sustainable, and cost-effective asphalt pavements.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/verde-and-c-twelve-unite-to-revolutionize-the-roads-of-the-future-302283762.html

SOURCE Verde Resources Inc.

FAQ

What is Verde Resources (VRDR) partnership with C-Twelve about?

Verde Resources has partnered with C-Twelve to commercialize biochar-asphalt surfacing technology in the U.S., securing exclusive licensing rights and first right of refusal for expansion into new regions.

When will Verde Resources (VRDR) complete testing at NCAT Test Track?

Verde Resources expects to complete testing of the biochar-asphalt technology at the National Center for Asphalt Technology Test Track in Auburn, Alabama by December 2024.

How much cost reduction does Verde Resources (VRDR) biochar-asphalt technology offer?

The biochar-asphalt technology is expected to cut costs by at least 20% compared to traditional asphalt production methods.

How many Carbon Removal Credits will Verde Resources (VRDR) generate from the NCAT demonstrations?

The demonstrations at NCAT Test Track are expected to generate approximately 10 tons of Carbon Removal Credits.

VERDE RESOURCES INC

OTC:VRDR

VRDR Rankings

VRDR Latest News

VRDR Stock Data

210.86M
447.85M
63.89%
Agricultural Inputs
Basic Materials
Link
United States of America
Saint Louis