Verde

What Verde does

Verde CO2 LLC is a Houston-based, privately-held full-service Carbon Capture and Storage (CCS) developer founded in 2019. The company manages every element of the CCS value chain — carbon capture, transmission, storage, and monitoring — for point-source CO2 emitters in heavy industry, including power generation, hydrogen production, ethanol, and oilfield operations. Verde's technology foundation is subsurface geological characterization, source-sink matching, and CO2 injection into permanent sequestration reservoirs, with capabilities across Gulf Coast and Rockies basins.

The company pursues direct enterprise partnerships with emitters and landowners rather than operating a distributed channel. Verde's go-to-market centers on project finance partnerships, flue gas capture services, and monetization of federal and state carbon capture credits (notably 45Q under the Inflation Reduction Act). Its largest disclosed commercial relationship is a $250 million partnership with BKV Corporation announced in 2022 to build approximately a dozen carbon sequestration sites across the United States, integrated with BKV's Barnett Shale and Temple, Texas gas-fired power plant assets.

Verde's competitive position rests on a leadership team composed almost entirely of oil and gas industry veterans (CEO Charles Fridge from Throne Petroleum; President Jon Grimmer from Quantum Energy Partners; CTO Nikhil Joshi from Talos Energy and Anadarko) who have repurposed E&P subsurface, drilling, regulatory, and project finance capabilities for CCS. The company is currently advancing projects in Texas, the Rockies, the Midwest, Louisiana, and Southeast Texas, with a disclosed plan for 20+ wells on a 12,000-acre Liberty County, Texas property.

Name

Verde

Legal name

Verde CO2 LLC

Website

https://verdeco2.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Verde CO2 is a full-service Carbon Capture and Storage developer managing capture, transmission, storage, and monitoring for point-source CO2 emitters in power generation, hydrogen, ethanol, and oilfield industries across multiple US regions.

Ownership category

akta.pro rank

Product category

Carbon Capture & Storage (CCS) Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Oil and Gas Extraction (211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Capture System Integration & Balance-of-Plant (Heat Integration, Compression, Dehydration) (EUABAGAI)

akta.pro secondary industry

Supplier Engagement & Value-Chain Decarbonization Programs (EUABAKAE)

Keywords

• Carbon capture storage
• CO2 sequestration services
• CCS project development
• Industrial emissions reduction
• Subsurface CO2 storage

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Project Finance Partnerships: Verde partners with point-source emitters who may act as project finance partners, providing capital for CCS project development in exchange for carbon credit benefits
2. Flue Gas Capture Services: Providing CO2 capture services to emitters who supply flue gas, with Verde managing the capture equipment and sequestration operations
3. Carbon Tax Credit Monetization: Revenue generated through utilization of federal and state carbon capture credits, grants, and incentives under regulatory frameworks like the Inflation Reduction Act

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Verde is a full-service Carbon Capture & Storage (CCS) developer that manages every element of the CCS business — carbon capture, transmission, storage, and monitoring — for industrial point-source CO2 emitters. The company deploys carbon capture equipment through EPC relationships, develops transportation infrastructure, executes subsurface storage projects, and provides ongoing monitoring and reporting, primarily targeting power generation, hydrogen, ethanol, and oilfield operators.

Product overview

Verde is a full-service Carbon Capture & Storage (CCS) developer offering a unified service platform that manages every element of the CCS business: carbon capture, transmission, storage and monitoring. Their primary offering is the Carbon Capture & Storage (CCS) service, supplemented by CO2 Capture Equipment procurement and installation. Verde partners directly with point-source emitters and focuses primarily on permanent sequestration, advancing projects where CO2 is generated from natural gas, coal, ethanol, steam generation, and bio fuels. The company's structure enables assembly of a diverse portfolio of assets with complementary cash flow streams.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Capture & Storage (CCS)

Quantifiable outcome

• 20+ wells per project site
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• BKV CorporationcoreStrategic or Co-development Partner · 1 July 2022$250 million partnership to build a dozen carbon sequestration sites across the United States. BKV acquired Exxon Mobil's Barnett Shale assets and Temple, Texas gas-fired power plant, partnering with Verde for carbon sequestration. This represents a significant project finance and operational partnership in the CCS space.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Talos Energy: Gulf of Mexico-focused E&P company with growing CCS initiatives led previously by Verde's current CTO Nikhil Joshi. Pursues CO2 injection and EOR/CCS projects in similar Gulf Coast geographies with overlapping subsurface geology expertise and emitter customer base.
• BKV Corporation: Natural gas producer and CCS developer that is Verde's $250M partnership counterparty for a dozen carbon sequestration sites. Both pursue permanent CO2 sequestration in similar basins with shared regulatory expertise; partner-cum-competitor as BKV builds internal capabilities.
• 1PointFive: Occidental Petroleum's CCS subsidiary developing large-scale carbon sequestration projects in the Permian Basin and other US locations, including the Stratos direct air capture plant. Directly comparable to Verde as a full-service CCS developer pursuing 45Q economics in similar geographies.

Others

• SLB (formerly Schlumberger): Global oilfield services and technology company offering CCS services, subsurface characterization, and CO2 injection technologies. Comparable as a service provider with overlapping technical expertise (Verde's CTO Nikhil Joshi is a Schlumberger alumnus) and competing for the same project development opportunities.

Broad incumbents

• Air Products: Major industrial gases company pursuing large-scale blue hydrogen and CCS projects, including the Louisiana CCS initiative highlighted in Verde's Politico press coverage. Overlaps with Verde's hydrogen and power generation customer segments as a competitor for emitter partnerships.
• ExxonMobil Low Carbon Solutions: Major oil and gas company with a dedicated Low Carbon Solutions business pursuing large CCS projects in the Permian Basin, Houston Ship Channel, and other locations. Broad incumbent competitor with vastly greater capital and existing emitter relationships overlapping Verde's Texas focus.
• Chevron New Energies: Major integrated energy company actively pursuing CCS including test wells drilled in East Texas in 2024. Operates broader CCS portfolio globally and competes with Verde for prime sequestration sites and emitter partnerships in Gulf Coast geographies.
• Occidental Petroleum: Major oil and gas producer and parent of 1PointFive, Occidental is one of the largest CCS developers globally with the Stratos DAC project and extensive Permian Basin sequestration initiatives. Broad incumbent with materially greater capital, infrastructure, and emitter relationships than Verde.

Emerging players

• CarbonCapture Inc. Calfiornia-based emerging player developing modular direct air capture and point-source carbon capture technology. Comparable as a CCS technology company targeting industrial emitters and 45Q monetization, though differentiated by DAC focus versus Verde's subsurface storage expertise.
• Climeworks: Swiss/Icelandic DAC technology company operating large-scale direct air capture facilities including Orca and Mammoth. Comparable as a CCS-adjacent carbon removal developer pursuing voluntary and compliance carbon credit monetization, though using DAC rather than point-source capture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/verde-co2

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verde