Company: VGASW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015480
Chunk: 14

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 14
---
 demonstration plant began operations in 2013, completed over 10,500 hours of operation and is currently maintained in an idle state.

Technology

Our innovative and proprietary STG+® process converts syngas, derived from diverse feedstocks, such as natural gas or biomass, into fully finished liquid fuels. Our process begins with syngas, consisting primarily of carbon monoxide and hydrogen, that is produced through conventional methods depending on the feedstock utilized. Our process then compresses and passes the syngas through a series of four catalytic reactors in a proprietary sequence to produce fully finished liquid fuels. Such fuels would be free of sulfur and benzene and require no additional refining. The catalysts employed in our process are standard and widely available.

Our proposed commercial production plants would utilize readily available and well-known commercial process equipment components. Furthermore, we will employ a modularized approach to design and build our proposed commercial production plants, with large sections, or modules, fabricated, assembled, and tested in an offsite fabrication shop. The modules would then be transported to the plant site where they would be assembled and integrated with the balance of plant equipment. As a result, our solution is modular and scalable, enabling us to competitively deploy commercial production plants in areas with abundant and low-cost feedstock.

We have developed two different pathways to gasoline production, namely natural gas-to-gasoline and biomass-to-gasoline. In each case, syngas is generated from the feedstock, which is then further refined through the STG+® process to produce reformulated blendstock for oxygenate blending (“RBOB”) gasoline. The gasoline produced is suitable in quality to be considered a “drop-in” substitute to gasoline derived from petroleum refining.

1

Table of Contents

When using natural gas as the feedstock, our technology provides an alternative use for natural gas that is stranded or would otherwise be vented or flared by converting such natural gas to RBOB gasoline. Our technology generates in-basin demand for associated natural gas resulting from oil production, alleviating pipeline and takeaway constraints. This enables oil and gas companies to transform surplus associated natural gas into a high-value marketable product while reducing carbon emissions.

When using biomass as the feedstock, our technology provides an alternative to landfill disposal of organic matter such as agricultural byproducts by converting such biomass to renewable gasoline. Our renewable gasoline, when paired with carbon capture and sequestration, represents a significant reduction in lifecycle carbon emissions as compared to the carbon emissions resulting from gasoline derived from petroleum refining