Verde Resources Pioneers Carbon Credits from Asphalt in a World First

In a groundbreaking development, Verde Resources Inc. has successfully completed a proof-of-concept project at the National Center for Asphalt Technology (NCAT) Test Track. This achievement marks the issuance and sale of the world's first-ever Biochar Carbon Removal Credits derived from asphalt, a significant step in sustainable infrastructure.

In collaboration with Oregon Biochar Solutions and NCAT, Verde produced and installed 110 tons of cold mix asphalt integrated with five tons of biochar in December 2024. The project, completed on December 20, 2024, showcased a novel method of utilizing cold mix asphalt combined with biochar, enabling both greenhouse gas (GHG) reduction and carbon sequestration.

The initiative generated eight tons of Carbon Removal Credits that have already been issued by Puro.earth, a leading framework for engineered carbon removal. Notably, these credits have been pre-purchased by a major financial institution that focuses on Carbon Dioxide Removals (CDRs), highlighting the growing market for sustainable practices.

According to Jack Wong, CEO of Verde Resources, this project demonstrates that sustainable solutions can coexist with pragmatic economics. “Our bio-asphalt is not only more cost-effective and efficient but also scalable and environmentally beneficial,” he stated. He noted that industry partners gain financial advantages while also embracing the value of carbon credits, suggesting that going green is becoming increasingly affordable.

One of the key benefits of Verde's Bio-Asphalt technology is its year-round applicability, even in winter conditions, eliminating the necessity for heat or solvents typically required in traditional asphalt applications. This innovation not only extends production seasons but also contributes to meaningful reductions in greenhouse gas emissions. Furthermore, the odorless nature of bio-asphalt ensures greater safety for workers involved in its application.

Alvin Lee, Head of Supply at Puro.earth, praised Verde Resources and Oregon Biochar Solutions for their creative incorporation of biochar in asphalt. He noted that using biochar aligns with the established guidelines of Puro Standard Biochar Methodology, preserving its carbon storage value.

The NCAT installation showcased Verde’s comprehensive Net Zero Blueprint, which integrates advanced asphalt technology with the potential to generate Carbon Removal Credits. Rigorous testing under real-world conditions confirmed the technology’s resistance to extreme temperatures, structural integrity, and durability over time.

Perrine Legoubé, Carbon Director at GECA, echoed the sentiments of innovation and reliability in Verde's solutions for infrastructure. She remarked that Verde's approach not only mitigates GHG emissions but actively contributes to carbon sequestration in a meaningful way. With expansion plans underway, the project's impact on the United Nations' Sustainable Development Goals (SDGs), particularly 9.4 and 11.6, is set to increase.

As the company negotiates multiple high-impact contracts targeted at the construction sector, which accounts for 37% of global emissions, Verde is strategically positioned for rapid growth. The firm aims to remove 5,000 tCO₂ equivalents by 2026 and ramp up to at least 50,000 tCO₂ equivalents annually by 2030. This ambitious goal seeks to accelerate decarbonization within one of the world's most emission-intensive industries, all while delivering sustainable road pavement solutions at the lowest life cycle cost.

About Verde Resources Inc.

Verde Resources Inc. (OTCQB VRDR) stands at the forefront of sustainable infrastructure, leveraging innovative solutions to facilitate the industry's transition to low-carbon applications. By merging proprietary technologies with eco-friendly practices, Verde is committed to producing low-carbon materials for infrastructure on a global scale.