- Verde Resources (VRDR, Financial) achieves a pioneering milestone in carbon credit commercialization from asphalt applications.
- The company’s proof-of-concept generated 8 tons of Carbon Removal Credits, pre-purchased by a major financial institution.
- Bio-Asphalt technology offers year-round application, enhancing cost-efficiency and environmental sustainability.
Verde Resources Inc. (VRDR) has marked a significant achievement by issuing and selling the world’s first Biochar Carbon Removal Credits derived from asphalt applications. This breakthrough was achieved through a completed proof-of-concept project at the National Center for Asphalt Technology (NCAT) Test Track in December 2024, where they installed 110 tons of cold mix asphalt integrated with 5 tons of biochar.
The project successfully generated 8 tons of Carbon Removal Credits, which have been issued by Puro.earth, a leading platform for engineered carbon removal, and pre-purchased by a major financial institution focused on Carbon Dioxide Removals (CDRs). Verde’s Bio-Asphalt technology, which can be employed year-round without the need for heat or solvents, stands out for its cost-effectiveness and environmental advantages.
Looking ahead, Verde Resources has ambitious carbon removal targets, aiming to eliminate 5,000 tCO₂eq by 2026 and scale up to at least 50,000 tCO₂eq annually by 2030. This initiative is part of their strategic plan to decarbonize the construction sector, which accounts for 37% of global emissions, by offering sustainable and durable pavement solutions.
“Bio-Asphalt isn’t just cheaper and more durable; it’s scalable, sustainable, and delivers real benefits,” stated Jack Wong, CEO of Verde Resources. This innovative solution not only reduces greenhouse gas emissions but also provides the construction industry with the opportunity to leverage carbon credits for financial gain.
The successful proof-of-concept at NCAT demonstrates the viability of Verde’s Net Zero Blueprint, blending advanced asphalt technology with potential Carbon Removal Credits to enhance project economics, paving the way for broader adoption and scaling within the industry.
