Verde Resources, a road materials company developing environmentally sustainable solutions, announced that Ergon Asphalt & Emulsions has completed a $2 million strategic investment in the company, comprising common stock and warrants. Ergon, the largest liquid asphalt marketer in North America, is a subsidiary of Ergon, Inc., a diversified global organization with over 4,000 employees serving customers in more than 100 countries.
The investment builds on a 10-year exclusive licensing agreement signed in October, granting Ergon rights to commercialize Verde’s emulsion-based, carbon-sequestering BioAsphalt technology across the United States, Canada, and Mexico. BioAsphalt enables the use of 100% recycled asphalt materials in cold-mix applications, eliminating burners, heat, and solvents. This approach lowers costs, extends paving seasons, and reduces greenhouse gas emissions.
Recent independent testing by the National Center for Asphalt Technology (NCAT) validated the performance of Verde’s next-generation BioAsphalt—a 100% reclaimed asphalt pavement (RAP) cold mix enhanced with biochar. Results showed that the material exceeds industry specifications in strength, durability, and moisture resistance, confirming its suitability for surface applications. This milestone strengthens Verde’s operational, technical, and financial foundation for large-scale commercialization with Ergon.
Verde and Ergon have already begun mobilizing joint teams and engaging major customers across Ergon’s network for large-scale projects. These initiatives aim to demonstrate BioAsphalt at full commercial scale, highlighting its performance, durability, and ease of installation while generating verified carbon removal credits.
Biochar’s integration into road materials represents a breakthrough in sustainable infrastructure by embedding permanent carbon removal directly into the nation’s 94% asphalt-paved roads. The partnership seeks to address long-standing industry challenges, including high heat requirements, environmental waste, and worker safety concerns, by introducing practical, cost-effective, and low-carbon alternatives.
As global carbon markets face increasing scrutiny, Verde and Ergon aim to demonstrate measurable, verifiable results that redefine sustainable road construction. Their collaboration positions BioAsphalt as a visible and economically viable path toward decarbonizing one of the world’s most essential industries.
KEY QUOTES:
“We’re thrilled to welcome Ergon as a strategic shareholder of Verde. This investment strengthens our balance sheet and reinforces our shared vision and long-term commitment. We’re honored that Ergon recognizes Verde as a trusted partner in advancing large-scale decarbonization of the road construction industry through an innovative yet pragmatic approach. With Ergon’s deep expertise and extensive nationwide infrastructure, they are the ideal partner to scale BioAsphalt across North America.”
Jack Wong, CEO, Verde Resources
“Our partnership with Verde underscores Ergon’s commitment to leading the industry toward a more sustainable future. Our investment reflects genuine enthusiasm to advance Verde’s proprietary technology and bring it to market. BioAsphalt provides a practical, scalable solution to decarbonize our sector without compromising quality or performance, and we’re proud to support Verde’s growth as both a commercial partner and strategic shareholder.”
Patrick Nation, President, Ergon Asphalt & Emulsions
