Ergon to Scale Verde’s Carbon-Removing BioAsphalt

New 10-year deal brings carbon-sequestering road tech to North America

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Verde Resources has finalized a decade-long licensing agreement with Ergon Asphalt & Emulsions, Inc., granting the continent’s largest asphalt marketer exclusive rights to manufacture and distribute Verde’s BioAsphalt and proprietary emulsifier technologies across the U.S., Canada, and Mexico. The deal includes an option to extend for another ten years and a $2 million strategic investment by Ergon later this month.

This partnership builds on a previous memorandum of understanding and solidifies a long-term plan to scale up carbon-sequestering paving solutions at commercial volumes. Unlike conventional asphalt, Verde’s materials are designed to capture and store CO₂—offering municipalities, contractors, and infrastructure providers a climate-positive alternative.

Ergon brings its broad network and operational experience in reclaimed asphalt pavement (RAP) and biochar into the fold, integrating Verde’s low-emission materials into existing supply chains. The product can be applied in a variety of climates, without the use of solvents or high-temperature burners, reducing emissions and energy costs at the project level.

Verified Carbon Sequestration at Scale

A key differentiator in Verde’s BioAsphalt is its ability to generate verified Carbon Removal Credits, certified by Puro.earth. Each ton produced will undergo third-party verification for its carbon capture performance. Under the new agreement, Ergon will receive 40% of all future carbon credits—tying financial returns to verified environmental outcomes.

BioAsphalt has already received early validation from the National Center for Asphalt Technology (NCAT), marking it as a credible solution within an industry known for its high emissions. The material is odor-free, safer for crews, and can be laid in colder weather, which expands its usability and minimizes downtime.

As Ergon begins integrating the technology into its North American operations, the companies are positioning the product not just as a sustainable alternative—but as a cost-efficient, year-round paving solution with long-term environmental upside. The move could redefine procurement strategies for public infrastructure as low-carbon materials become essential in funding and regulatory frameworks.

Environment + Energy Leader