Verde Clean Fuels Halts Permian Basin Gas-to-Gasoline Plan


   
DTN Refined Fuels Market Reporter

   HOUSTON, TX (DTN) --Verde Clean Fuels has halted development of its Permian 
Basin natural gas-to-gasoline facility, driven by changing market conditions as 
a result of a surge of regional gas.

   The company partnered with Diamondback Energy subsidiary Cottonmouth 
Ventures in February 2024 to develop a natural gas-to gasoline plant in the 
Permian using Verde's proprietary STG+ technology and associated natural gas 
from. After completing engineering studies in December 2025, Verde determined 
current conditions no longer favor the project.

   "We are thankful to Diamondback for their support of the Permian Basin 
project. The learnings from the work that was completed, in particular from the 
FEED study, will continue to be useful as we explore other opportunities to 
deploy our technology," said Ernest Miller, CEO of Verde.

   Cottonmouth remains Verde's second-largest shareholder, Miller stated.

    

    




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