Verde Clean Fuels, Inc.
For the period ended Jun 12, 2025. Filed Apr 25, 2025.
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Jun 12, 2025 · Filed Apr 25, 2025
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Relationship with Five Star
A subsidiary of the Company is a party to a letter agreement with Five Star Clean Fuels LLC, formerly Arb Clean Fuels (“Five Star”), whereby it granted Five Star certain non-exclusive rights to utilize the STG+® technology and agreed to enter into mutually acceptable to be negotiated agreements related to a potential site in Odessa, Texas. As of December 31, 2024, there had been no material developments with respect to this arrangement, nor had the Company received any consideration from Five Star or incurred any expense in connection therewith. Martijn Dekker, a Company director, is an officer and director of Five Star and his affiliate owns a 37.5% equity interest in Five Star.
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