Verde Clean Fuels Selects Chemex Global to provide FEED Services for a Proposed Natural Gas-to-Gasoline Facility in the Permian Basin
This FEED contractor selection is the first step in furtherance of the JDA, which provides a pathway forward for the parties to reach final definitive documents and final investment decision (“FID”).
- This FEED contractor selection is the first step in furtherance of the JDA, which provides a pathway forward for the parties to reach final definitive documents and final investment decision (“FID”).
- This facility, to be located in Martin County, Texas, is anticipated to be a commercial-scale version of Verde’s existing demonstration facility in Hillsborough, New Jersey.
- With the selection of Chemex, FEED work will now commence and is expected to be completed in early 2025.
- “It is exciting to work with an innovative company like Verde, and to apply our multidisciplinary modular project execution expertise to this significant opportunity.”