HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (NASDAQ: VGAS) ("Verde†or the "Company†) announced today a revised strategy to deploy its innovative and proprietary liquid fuels processing technology through capital-lite opportunities. In connection with its revised strategy, the Company is implementing a material cost reduction program targeting a 50% reduction in cost. "We own a proprietary advanced-fuel conversion technology platform designed to convert low-value or stranded feedstocks in. ...

Core Viewpoint - Cielo Waste Solutions Corp. has executed a binding letter of intent to acquire proprietary project development and evaluation assets from Canadian Discovery Ltd., marking a significant step in its transition to a scalable clean fuels project development company [1][4] Acquisition Details - The acquisition includes non-public technical and commercial information, databases, models, and intellectual property related to renewable and low carbon fuels production, which will enhance Cielo's project development capabilities [3][4] - The acquisition is expected to close in March 2026, subject to due diligence, regulatory approvals, and customary closing conditions [8][6] Financing Information - A non-brokered private placement financing is planned for aggregate proceeds of $1,000,000 CAD, expected to involve participation from certain principals of CDL and insiders of Cielo [11][14] - The financing will result in the issuance of approximately 16,666,666 units at a price of $0.06 per unit, with each unit comprising one common share and one warrant [12][13] Strategic Implications - The acquisition is intended to conclude Cielo's restructuring phase and enable the company to focus on executing its long-term growth strategy through disciplined project development and capital-efficient execution [4][5] - The integration of the acquired assets is expected to support the ongoing development of Project Nexus and future projects, enhancing Cielo's internal technical and commercial capabilities [4][5] Board Appointment - Following the acquisition, Kaush Rakhit, Executive Chairman of CDL, is expected to be appointed to Cielo's board of directors, bringing extensive experience in project development and governance [9][10] Company Overview - Cielo Waste Solutions Corp. focuses on advancing waste-derived feedstocks into sustainable aviation fuel and other low-carbon energy products, with a disciplined development strategy built around its Nexus Platform [17][18]

Core Viewpoint - Verde Clean Fuels, Inc. has suspended the development of its Permian Basin project due to changing market conditions, particularly the increasing demand for natural gas in the region [1] Group 1: Project Development - In February 2024, Verde entered into a joint development agreement with Cottonmouth Ventures, a subsidiary of Diamondback Energy, to develop a natural gas-to-gasoline plant in the Permian Basin using Verde's STG+ technology [2] - The development work for the Permian Basin Project included a front-end engineering and design study, which was completed in December 2025 [2] Group 2: Company Strategy - The CEO of Verde expressed gratitude to Diamondback for their support and noted that insights gained from the FEED study will be beneficial for exploring other opportunities to deploy their technology [3] - The company plans to focus its resources on other opportunities where natural gas is stranded or flared, aiming to provide a market for such gas while mitigating flare issues and producing gasoline with lower carbon intensity [4]

Core Insights - Haffner Energy and Luxaviation Group have established a non-exclusive 15-year offtake agreement in Europe for sustainable aviation fuel (SAF) with fixed volume and price terms [1][5] - This partnership aims to enhance SAF production and promote its use in the business aviation sector, marking a significant step towards sustainable aviation practices [2][3] Company Overview - Haffner Energy specializes in converting biomass into clean fuels, leveraging 32 years of experience in the industry, and has developed proprietary technologies for SAF production [6][8] - Luxaviation Group operates one of the largest private aircraft fleets globally and is committed to decarbonizing aviation through improved fuel efficiency and increased SAF usage [4][9] Strategic Initiatives - Luxaviation's "Go-to-Zero" Investment Fund was launched in 2023 to support SAF production, reflecting the company's commitment to sustainability [4] - Both companies are part of Project SkyPower, an initiative aimed at accelerating the development and adoption of SAF [7] Market Impact - The agreement is expected to facilitate financing for Haffner Energy's SAF projects in Europe, as long-term offtake agreements are crucial for securing funding [5] - Full-scale SAF production is anticipated to be achieved by 2030, coinciding with the European SAF mandate requiring airlines to blend SAF at a minimum of 6% [6]