BUZZ-Verde Clean Fuels soars on joint gasoline project with Diamondback unit

Reuters
2024.02.13 15:06
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Shares of Verde Clean Fuelssurged 25% to $3.50 as the company announced a joint development agreement with Cottonmouth Ventures, a unit of Diamondback Energy, to convert natural gas to gasoline in Texas. The facility is expected to produce around 3,000 barrels per day of fully-refined gasoline. VGAS is up approximately 46% year-to-date.