Verde Clean Fuels Suspends Permian Basin Project Development Due to Market Changes
Verde Clean Fuels, Inc. has suspended the development of its Permian Basin project, citing shifting market conditions and rising demand for natural gas. The company, which entered a joint development agreement with Cottonmouth Ventures, LLC in February 2024 to establish a natural gas-to-gasoline plant using its STG+ technology, completed a FEED study in December 2025. Verde will now redirect resources to other opportunities involving stranded natural gas.
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Verde Clean Fuels, Inc. has announced the suspension of its Permian Basin project development due to changing market conditions, particularly increased demand for natural gas. The company had entered a joint development agreement in February 2024 with Cottonmouth Ventures, a subsidiary of Diamondback Energy, to create a natural gas-to-gasoline plant using Verde's STG+ technology.
A front-end engineering and design study was completed in December 2025. Verde will focus on other opportunities for its technology, while Cottonmouth remains a significant shareholder.
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