Verde Clean Fuels Inc (OQ:VGAS)
Business Focus: N/A
| Sector: Utilities | Industry: Electric Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 711 Louisiana Street, Suite 2160 HOUSTON TX 77002 |
| Tel: | N/A |
| Website: | https://www.verdecleanfuels.com |
| IR: | See website |
| Key People | ||
| Ernest Miller Chief Executive Officer and Interim Chief Financial Officer | John Doyle Chief Technology Officer | |
| Business Overview |
| Verde Clean Fuels, Inc. is a renewable energy company. The Company is focused on the development of commercial production plants to convert syngas, derived from diverse feedstocks, including biomass or stranded or flared natural gas into gasoline through its liquid fuels technology, the STG+ process. Through its STG+ process, the Company converts syngas into fully finished fuels that require no additional refining, such as Reformulated Blend-stock for Oxygenate Blending (RBOB) gasoline. It is focused on the development of technology and commercial facilities to turn waste and other feedstocks into a usable stream of syngas which is then transformed into a single finished fuel, such as gasoline, without any additional refining steps. The availability of biogenic feedstocks and the economic and environmental drivers that divert these materials from landfills enable it to utilize these waste streams to produce renewable gasoline from modular production facilities. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Verde Clean Fuels Inc revenues was not reported. Net loss totaled $2.7M vs. income of $2.7M. Net loss reflects Electric Utilities segment loss totaling $10.5M vs. income of $2.7M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.29 to -$0.45. |
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