Verde Resources
Verde Resources Inc. develops BioAsphalt™, a cold-mix, carbon-sequestering asphalt technology using biochar and recycled pavement that generates verified carbon removal credits. The company licenses its technology to government infrastructure agencies and commercial asphalt producers, with Ergon Asphalt & Emulsions as its exclusive North American licensee.
- Company typePrivate
- Founded2021
- HeadquartersWan Chai, Hong Kong SAR China
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Verde Resources does
Verde Resources Inc. is a sustainable-materials company that develops carbon-sequestering asphalt technology, marketed under the trademark BioAsphalt™. The company's core technology is a cold-recycled bio-asphalt surface mix that combines biochar derived from residual wood waste with recycled asphalt pavement and a proprietary emulsifier, enabling asphalt production without heat or solvents and at ambient temperatures as low as 35–40°F. The technology permanently stores biochar-derived carbon within pavement structures and qualifies for verified Carbon Removal Credits under third-party methodologies (Puro.earth, Isometric). A proof-of-concept conducted at the NCAT Test Track in December 2024 demonstrated durability after nearly 50,000 ESALs of heavy truck traffic and produced the world's first verified carbon removal credits from asphalt.
The company operates a B2B technology-licensing model. Its primary commercial channel is a 10-year exclusive North American license granted to Ergon Asphalt & Emulsions — the largest liquid asphalt producer and marketer in North America with a network spanning 110 countries — accompanied by a $2 million strategic investment from Ergon. Verde also generates revenue from the sale and sharing of carbon removal credits with partners. Supply is secured through an agreement with Biochar Solutions LLC for up to 38,500 tons of engineered biochar annually, supported by a BioFraction biochar production facility in Borneo. Verde is expanding into Asia Pacific via a Singapore-registered subsidiary (Verde Resources Asia Pacific Pte. Ltd.), engaging Singapore government agencies to license the technology into national infrastructure.
The company is led by CEO Jack Wong and COO Eric J. Bava, with Raymond Powell serving as an independent director. Verde was founded as a mining entity, pivoted to sustainable materials around 2021, and currently trades on the OTCQB under symbol VRDR while pursuing a Nasdaq uplisting via a $5–8 million public offering filed with the SEC in December 2025. Target customers are government transportation departments and infrastructure agencies, large commercial asphalt producers, and corporate buyers of verified carbon removal credits.
Verde Resources firmographics
Firmographics- Name
- Verde Resources
- Legal name
- Verde Resources Inc.
- Website
- https://verderesources.us
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Verde Resources Inc. develops BioAsphalt™, a cold-mix, carbon-sequestering asphalt technology using biochar and recycled pavement that generates verified carbon removal credits. The company licenses its technology to government infrastructure agencies and commercial asphalt producers, with Ergon Asphalt & Emulsions as its exclusive North American licensee.
- Ownership category
- akta.pro rank
Verde Resources industry classification
Industry- Product category
- Sustainable Construction Materials
- NAICS
- Asphalt Paving Mixture and Block Manufacturing (324121), Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412)
- SIC
- Asphalt Paving & Roofing Materials (2950)
- akta.pro primary industry
- Biochar Production & Soil/Material Applications (EUABAFAC)
- akta.pro secondary industries
- Biochar Carbon Projects (Biomass to Biochar & Soil Application) (EUABABAH), Bio-based Carbon Products & Advanced Bioproducts (Biochar, activated carbon, carbon black alternatives) (EUAAAIAM)
Keywords
Where Verde Resources is headquartered
LocationHeadquarters
- HQ city
- Wan Chai
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices2 records
Markets served
Verde Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Supply Chain, Personnel, Marketing or Sales
Revenue model
- Technology Licensing: Verde Resources licenses its proprietary BioAsphalt™ technology to partners. The company signed a 10-year exclusive license agreement with Ergon Asphalt & Emulsions for North America, with Ergon making a $2 million strategic investment. The license covers manufacturing and distribution of carbon-sequestering road materials.
- Carbon Removal Credits: Verde generates revenue through the sale of verified Carbon Removal Credits produced by its BioAsphalt technology. Credits are generated using biochar in asphalt applications and certified by third parties like Puro.earth and Isometric. Credits are shared between Verde, supply partner Biochar Solutions LLC, and commercial partner Ergon.
- Biochar Supply: Verde operates a BioFraction facility in Borneo for biochar production and has a supply agreement with Biochar Solutions LLC for up to 38,500 tons of engineered biochar annually, with approximately half qualifying for carbon removal credit generation.
Go-to-market motion3 records
Distribution channels2 records
Marketing channels2 records
Verde Resources product offering
Product offeringCore offering
Verde Resources develops and licenses BioAsphalt™, a proprietary carbon-sequestering asphalt technology that combines engineered biochar derived from residual wood waste with recycled asphalt pavement and a proprietary emulsifier. The technology enables cold-recycled asphalt production without heat or solvents, reduces greenhouse gas emissions in road construction, and generates verified Carbon Removal Credits. Verde primarily monetizes BioAsphalt™ through technology licensing to commercial asphalt producers (notably Ergon Asphalt & Emulsions in North America under a 10-year exclusive license), supplemented by carbon credit sales, biochar manufacturing/supply through its Borneo-based BioFraction™ facility, and supply agreements with Biochar Solutions LLC.
Product overview
Verde Resources offers a portfolio of carbon-sequestering road construction materials centered on its BioAsphalt™ technology platform. The core BioAsphalt™ product enables cold-recycled asphalt production using engineered biochar derived from residual wood waste, recycled asphalt pavement, and a proprietary emulsifier — without heat or solvents. This technology generates verified Carbon Removal Credits while providing durable road materials. The Cold-Mix Biochar Asphalt is a specific formulation of BioAsphalt™ tested at NCAT's Test Track, while Verde V24 represents another licensed variant of the technology. All products integrate carbon storage permanently within pavement infrastructure and qualify for carbon removal credit generation.
Differentiator
Problem solved
Functional benefit
Brands
- BioAsphalt™: Carbon-sequestering, low-carbon road construction material that can be produced without heat or solvents and generates verified Carbon Removal Credits
- Verde V24
Products and services
- BioAsphalt™ A carbon-sequestering, cold-mix asphalt technology that combines engineered biochar (derived from residual wood waste), recycled asphalt pavement, and a proprietary emulsifier. Produced without heat or solvents, qualifies for verified Carbon Removal Credits (Puro.earth / Isometric), and is validated under heavy-truck traffic at the NCAT Test Track. Licensed to commercial asphalt producers (notably Ergon Asphalt & Emulsions under a 10-year exclusive North American license) and deployed on government infrastructure projects.
- Verde V24 A variant of Verde Resources' carbon-sequestering infrastructure technology platform, licensed alongside BioAsphalt™ for development and commercialization. Positioned as part of Verde's low-carbon infrastructure technology offering.
Quantifiable outcome
- 8 tons of verified Carbon Removal Credits generated from 5 tons of biochar in asphalt application
- +3 more outcomes
Companies that use Verde Resources
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles3 records
Verde Resources technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Verde Resources partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- GenZerominorVerde Resources was invited to attend the GenZero Climate Summit 2026 in Singapore (May 18-22, 2026) as part of its strategy to expand presence in Singapore and Southeast Asia. GenZero is a decarbonization-focused investment platform owned by Temasek.
- IsometriccoreStrategic collaboration with Isometric to certify and commercialize engineered biochar for use in Verde's BioAsphalt™ technology across North American and global markets. Verde's US supply partner Biochar Solutions LLC and its BioFraction facility in Borneo are undergoing audits under Isometric's Biochar Production and Storage Protocol, which certifies carbon storage durability of 200 to over 1,000 years.
- WAP SustainabilityminorVerde engaged WAP Sustainability to conduct a Life Cycle Assessment on its engineered biochar used in BioAsphalt™, setting the stage for the company to obtain an Environmental Product Declaration (EPD) expected to be among the first globally to integrate durable carbon storage into road infrastructure.
- Biochar Solutions LLCcoreVerde Resources signed a supply agreement with Biochar Solutions LLC to supply up to 38,500 tons of engineered biochar annually for use in BioAsphalt™ road construction products. Approximately half of this capacity is expected to qualify for carbon removal credit generation under established verification standards. The agreement supports Verde's vertically integrated carbon sequestering infrastructure model and includes joint intellectual property development.
- National Center for Asphalt Technology (NCAT)coreVerde Resources and NCAT conducted a proof-of-concept Biochar-Asphalt test section at NCAT's Test Track in December 2024. The test section demonstrated good durability and resilience after nearly 50,000 ESALs of heavy truck traffic, validating Verde's Cold-Mix Biochar Asphalt technology.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
Verde Resources competitors and assessment
Company assessmentOthers
- Puro.earth: Puro.earth is the carbon removal registry that issued Verde's first verified carbon removal credits via the biochar methodology. It is an enabling/ecosystem participant rather than competitor, but its methodology rules directly determine Verde's per-ton credit economics.
- Carbonfuture: Carbonfuture is a carbon removal credit registry and marketplace issuing credits for biochar, DAC, and other durable removals. Comparable as an enabling infrastructure provider for Verde's credit revenue stream and a peer to Puro.earth/Isometric.
Emerging players
- Carbon Engineering: Carbon Engineering pioneered large-scale direct air capture and engineered storage of CO₂. Comparable as one of the early tech-based durable carbon removal credit players, even though Verde's sequestration is biochar-based. Both compete for the same corporate credit buyers.
- Heirloom Carbon Technologies: Heirloom uses DAC + limestone to remove CO₂ and sells durable carbon removal credits. Adjacent emerging player in verified durable carbon removal with the same buyer (corporate voluntary credit purchasers) although via a different capture pathway.
Direct peers
- CarbonCure Technologies: CarbonCure injects captured CO₂ into concrete mixes to permanently mineralize carbon and is the most comparable infrastructure-materials carbon-sequestration company. Both target selling verified carbon reduction credits tied to construction materials and pursue EPD-validated low-carbon claims to infrastructure buyers.
- Charm Industrial: Charm Industrial pyrolyzes biomass into bio-oil and sequesters it underground, selling CORCs and biochar-derived carbon removal credits. Direct comparable: biochar-based durable carbon removal with credit monetization, sharing customer overlap in voluntary corporate credit buyers.
- Biochar Solutions LLC: Biochar Solutions is Verde's contracted engineered biochar supplier (up to 38,500 tons/year) and is itself a biochar carbon-removal credit producer. They share customers (corporate credit buyers) and technology pathway (biochar permanence certification), making them both partner and adjacent peer.
Broad incumbents
- Vulcan Materials Company: Vulcan is the largest US producer of construction aggregates and a major infrastructure-materials supplier pursuing low-carbon and recycled-content road products. Broad incumbent playing in the same sustainable road construction procurement theme, with overlapping customers (DOTs, commercial paving contractors).
- Ergon Asphalt & Emulsions: Ergon is the largest liquid asphalt producer and marketer in North America and holds the 10-year exclusive manufacturing/distribution license for BioAsphalt. Comparable as the dominant NA asphalt incumbent whose distribution Verde is leveraging — broader portfolio but central counterparty for Verde's go-to-market.
- Holcim Group: Holcim is a global construction materials major with ECOPact/ECOPlanet lines targeting low-carbon concrete/cement and emerging carbon-segregating infra offerings. Broader incumbent playing in the same sustainable infrastructure procurement theme, though focused on cement rather than asphalt.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Verde Resources social profiles
Digital presenceVerde Resources compliance and trust
Trust signalCompliance3 records
Verde Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verde Resources leadership team
Management profileNumber of profiles
Profiles3 records
Verde Resources subsidiaries and ownership
Company hierarchySubsidiaries1 record
Verde Resources funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verde Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verde Resources
What does Verde Resources do?
Verde Resources develops and licenses BioAsphalt™, a proprietary carbon-sequestering asphalt technology that combines engineered biochar derived from residual wood waste with recycled asphalt pavement and a proprietary emulsifier. The technology enables cold-recycled asphalt production without heat or solvents, reduces greenhouse gas emissions in road construction, and generates verified Carbon Removal Credits. Verde primarily monetizes BioAsphalt™ through technology licensing to commercial asphalt producers (notably Ergon Asphalt & Emulsions in North America under a 10-year exclusive license), supplemented by carbon credit sales, biochar manufacturing/supply through its Borneo-based BioFraction™ facility, and supply agreements with Biochar Solutions LLC.
Is Verde Resources a public or private company?
Verde Resources is a private company. It is classified as public and is currently operating.
When was Verde Resources founded?
Verde Resources was founded in 2021. It employs 11 to 50 people.
Where is Verde Resources based?
Verde Resources is headquartered in Wan Chai, Hong Kong SAR China, in the Asia region.
How does Verde Resources make money?
Three revenue lines are on record. Technology Licensing is the primary driver. The others are carbon Removal Credits and biochar Supply.
Who are Verde Resources's main competitors?
Others on record are Puro.earth and Carbonfuture. Emerging players are Carbon Engineering and Heirloom Carbon Technologies. Direct peers are CarbonCure Technologies, Charm Industrial and Biochar Solutions LLC. Broad incumbents are Vulcan Materials Company, Ergon Asphalt & Emulsions and Holcim Group.
Does Verde Resources have an API?
No public API is recorded for Verde Resources.
What industry is Verde Resources in?
Verde Resources's product category is Sustainable Construction Materials. Its primary akta.pro industry code is EUABAFAC, Biochar Production & Soil/Material Applications, with a secondary code of EUABABAH, Biochar Carbon Projects (Biomass to Biochar & Soil Application). Its NAICS code is 324121 and its SIC code is 2950.