Infrastructure technology firm Verde Resources Inc. has finalized a commercialization and collaboration agreement with Ergon Asphalt & Emulsions, Inc., a major supplier of asphalt products in the United States.
The agreement, managed through Verde’s subsidiary Verde Renewables Inc., expands upon a partnership initiated in October 2025. This contract moves the collaboration into project execution, beginning with test projects that integrate Verde’s engineered biochar technology into Ergon’s cold paving applications.
Under the contract terms, Verde will serve as a preferred vendor of engineered biochar for Ergon’s emulsion products. The companies plan to initiate commercial projects during the remainder of 2026, setting specific product volumes intended to transition Verde from product development into steady commercial revenue. The contract also dictates that any carbon credits generated from these products will be shared between both entities.
Jack Wong, Chief Executive Officer of Verde Resources, stated that the agreement transitions the company from technology validation to commercial execution. He noted that the corporate focus is now on revenue generation and establishing a growth profile ahead of a planned Nasdaq uplisting.
The partnership combines Verde’s biochar and carbon removal platform with Ergon’s distribution infrastructure and technical application teams. Initial deployment will focus on market-ready paving applications before expanding into other road construction materials. The companies also intend to explore international markets for this model, identifying Singapore as the initial target for overseas expansion.
Patrick Nation, President of Ergon Asphalt & Emulsions, Inc., stated that the infrastructure sector is looking for scalable options to support material performance and sustainability. He noted that Ergon will work alongside Verde to evaluate and expand biochar applications across its existing customer base.
