Verde Clean Fuels and Diamondback Energy Partner on Natural Gas-to-Gasoline Facility in Permian Basin

Verde Clean Fuels and Cottonmouth Ventures (a subsidiary of Diamondback Energy) have executed a Joint Development Agreement for a proposed natural gas-to-gasoline facility in the Permian Basin. The project aims to produce approximately 3,000 barrels per day of fully-refined gasoline using Verde's patented STG+ process. The facility could mitigate up to 34 million cubic feet of natural gas per day flaring and create a high-value, salable product.