Verde Clean Fuels Selects Chemex Global to provide FEED Services for a Proposed Natural Gas-to-Gasoline Facility in the Permian Basin

HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (“Verde” or “the Company”) (NASDAQ: VGAS), a renewable energy company focused on converting syngas derived from diverse feedstocks into gasoline, today announced that it has selected Chemex Global, LLC (“Chemex”) as the contractor to spearhead the front-end engineering and design (“FEED”) phase of the Company’s previously announced joint development agreement (“JDA”) with Cottonmouth Ventures, LLC, a subsidiary of Diamondback Energy (NASDAQ: FANG) for the proposed development, construction, and operation of a natural gas-to-gasoline facility in the Permian Basin. This FEED contractor selection is the first step in furtherance of the JDA, which provides a pathway forward for the parties to reach final definitive documents and final investment decision (“FID”)

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