Verde Clean Fuels

Verde Clean Fuels is a clean energy technology company specializing in converting syngas from diverse feedstocks into liquid hydrocarbons, primarily gasoline, using its proprietary STG+® process.

Energy
Active
Houston, United States Founded 2001
Website ↗
Last updated 2026-08-24
Total raised
$497.0M
Stage
Founded
2001
Headcount
HQ
Houston, United States
Sector
Energy

About

Verde Clean Fuels, Inc. is a development-stage clean energy technology company that specializes in the conversion of synthesis gas (syngas), derived from diverse feedstocks such as biomass, municipal solid waste, mixed plastics, and natural gas, into liquid hydrocarbons, primarily gasoline, through its innovative and proprietary STG+® process. The company's technology produces fully finished liquid fuels that require no additional refining. Verde Clean Fuels aims to decarbonize the transportation fuels sector by producing renewable, low-carbon gasoline. The company was originally founded in 2007 as Primus Green Energy, which developed the patented STG+® technology. Verde Clean Fuels became publicly traded on NASDAQ under the ticker symbol VGAS in February 2023.

Funding history · 7 rounds · $497.0M total

2024-12
PIPE $50.0M
2023-06
Public Offering $177.2M
2023-02
PIPE $32.0M
2022-11
Debt Financing $1.7M
2022-08
PIPE $80.0M
2021-08
Public Offering $150.0M
2021-08
PIPE $6.0M

Q&A

What is Verde Clean Fuels' primary business?
Verde Clean Fuels is a clean energy technology company that specializes in converting synthesis gas (syngas) from various feedstocks into liquid hydrocarbons, primarily gasoline, using its proprietary STG+® process.
When was Verde Clean Fuels founded and what was its original name?
Verde Clean Fuels was originally founded in 2007 as Primus Green Energy, which developed the patented STG+® technology.
When did Verde Clean Fuels become publicly traded?
Verde Clean Fuels became publicly traded on NASDAQ under the ticker symbol VGAS in February 2023.
What is the core technology of Verde Clean Fuels?
The core technology of Verde Clean Fuels is the proprietary STG+® process, which converts syngas into fully finished liquid fuels like gasoline, requiring no additional refining.
Who is the current Chief Executive Officer of Verde Clean Fuels?
George Burdette was appointed as the Chief Executive Officer of Verde Clean Fuels in March 2026.
What is Verde Clean Fuels' primary sector?
Verde Clean Fuels operates in the Energy Tech sector.
Which company holds a majority ownership in Verde Clean Fuels?
Kenon Holdings holds 91% of Verde Clean Fuels after spinning off from Israel Corp.

Team · 4

Ernie Miller
Founder · Senior Advisor
George Burdette
Chief Executive Officer
John Doyle
Chief Technology Officer
Laura Morris
VP - Programs & Strategic Initiatives

Sectors & technology

Primary sector
Energy
Technologies
Target customers
Business model
B2B
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)

External links

Websiteverdecleanfuels.com

Identifiers & details

Legal nameVerde Clean Fuels, Inc.
Founded2001

Radar intelligence

Web history (Wayback)

Domainverdecleanfuels.com