Announcement • Apr 17

Verde Resources Inc. Develops Environmental Product Declaration for Engineered Biochar in Road Materials

Verde Resources Inc. announced the undertaking of a Life Cycle Assessment (LCA) by global sustainability consulting firm WAP Sustainability on the engineered biochar used in Verde's carbon sequestering BioAsphalt™. This important step sets the stage for Verde's biochar to obtain an Environmental Product Declaration (EPD), expected to be among the first in the world to integrate durable carbon storage into road infrastructure. An EPD is an independent report that discloses a product's environmental impact across its full life cycle. Once published, the EPD will provide verified, science-based information to potential BioAsphalt™ buyers, supporting the environmental benefits of Verde's engineered biochar. In December 2024, in collaboration with Oregon Biochar Solutions and the National Center for Asphalt Technology (NCAT), Verde successfully completed a BioAsphalt™ proof of concept project. The project demonstrated technical feasibility in a live roadway application and resulted in the issuance of 8 tons of verified Carbon Removal Credits by Puro.earth, the first carbon removal credits generated from asphalt application globally. These credits were subsequently purchased by a major global financial institution focused on carbon dioxide removal, providing early institutional validation for infrastructure based engineered carbon removal. Following this milestone, Verde engaged WAP Sustainability in mid-2025 about the process of conducting a detailed LCA of its engineered biochar material. The objective was to quantify and transparently communicate the embodied environmental impact of Verde's biochar through an EPD that captures both performance and durable carbon storage. To date, there is no widely recognized EPD that fully integrates engineered biochar within asphalt while also accounting for quantified long term carbon storage benefits. This development is expected to play a critical role in supporting Verde's strategic partnership with Ergon Asphalt and Emulsions, Inc., the liquid asphalt producer and marketer in North America, with an operational reach spanning over 110 countries worldwide. By establishing a robust, third party validated LCA and EPD framework, Verde is working to enable scalable deployment of BioAsphalt™ across Ergon's extensive distribution network in North America, while providing customers with transparent, high integrity environmental data. This alignment strengthens the commercial pathway for Verde's low carbon and carbon sequestering solutions in real world infrastructure applications. Within the broader asphalt industry, Environmental Product Declarations are commonly developed under the National Asphalt Pavement Association EPD program, which serves as the program operator establishing standardized Product Category Rules, data frameworks, and verification protocols to ensure consistency and comparability across asphalt mixtures. In this ecosystem, firms such as WAP Sustainability play a critical technical role by conducting detailed LCAs and supporting EPD development in accordance with these established standards. Verde's engagement with WAP reflects this structure, leveraging a globally recognized LCA expert to generate high integrity environmental data, while aligning with industry accepted frameworks that underpin transparency, auditability, and scalability across North American asphalt markets and beyond. The LCA is in process, and the next step will be that the EPD undergoes third party verification through an independent Program Operator. The EPD is expected to be published this summer.

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