Verde Clean Fuels, renewable fuels producer, has announced a $50 million equity investment from Cottonmouth Ventures, a wholly-owned subsidiary of Diamondback Energy.
Verde specializes in converting waste carbon into clean fuels, contributing to the circular economy.
The startup’s tech can turn biomass, municipal solid waste, and natural gas into gasoline or methanol. This gas can be used directly in consumer vehicles without additional post processing.
Verde’s gasoline is 30% less carbon-intensive when derived from natural gas compared to traditional fuels.
