Verde Suspends Permian Basin Project Amid Changing Market Conditions
ByAinvest
Friday, Feb 6, 2026 4:17 pm ET1min read
VGAS--
Verde Clean Fuels has suspended development of its Permian Basin project due to changing market conditions. The company had entered a joint development agreement with Diamondback Energy to build a natural gas-to-gasoline plant using Verde's STG+ technology. Verde will focus on other opportunities to deploy its technology in regions with stranded or flared natural gas. The suspension of the project allows Verde to devote resources to other opportunities.
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