Verde Resources Inc. (VRDR) has secured a $2 million strategic investment from Ergon Asphalt & Emulsions Inc. This financial move reinforces the existing 10-year exclusive licensing agreement between the companies, which covers the commercialization of Verde’s BioAsphalt technology across the United States, Canada, and Mexico.

BioAsphalt is an emulsion-based asphalt solution designed for cold-mix applications. Its key feature is that it allows for the use of 100% recycled asphalt pavement (RAP) without requiring high heat or chemical solvents. This process offers a method to reduce the energy consumption typically associated with road construction.

Ergon Asphalt & Emulsions is a substantial player in the global market, operating as a subsidiary of Ergon Inc., which is recognized as the largest liquid asphalt marketer in North America, with customer reach extending to over 100 countries. The investment by Ergon indicates a strong focus on deploying this technology and integrating it into their commercial network.

The National Center for Asphalt Technology recently completed testing that validated the performance of the BioAsphalt material (RAP enhanced with biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More). The results confirmed that the material adheres to relevant industry standards for essential properties like strength and durability.

With the technology validated, Verde and Ergon have combined resources and are currently engaging major customers across Ergon’s large network to begin large-scale commercial demonstration projects. The companies are focused on generating carbon removal credits as they implement the technology on a commercial scale. It appears the industry might be getting a bit cleaner, which, frankly, is a win for everyone.