Verdant Earth Technologies Limited (VDNT)
Verdant Earth Technologies will go public soon, but the exact IPO date is still unknown.
IPO Price Range
$7.00 - $9.00
Shares Offered
6,250,000
Deal Size
$50.00M

Company Description

Verdant Earth Technologies is a development stage green energy company in the process of repurposing and recommissioning a traditional baseload power plant to run on renewable fuel.

Our goal is to develop a network of renewable energy projects in Australia that would include hydrogen production facilities producing green hydrogen.

We believe co-development of green energy projects with hydrogen production facilities will serve the dual purpose of reducing reliance on traditional fossil fuels and supporting broad decarbonization goals.

Our first project is the recommissioning and conversion to biofuels of a 146 MW electric baseload power generation plant, where we also intend to co-locate hydrogen fuel production technology to produce green hydrogen.

According to a report commissioned by the Council of Australian Governments, global demand for hydrogen exported from Australia could be almost one million tonnes by 2030, adding A$11 billion (or US$8 billion) in GDP growth each year by 2050.

Verdant Earth Technologies Limited
Country Australia
Founded 2018
Industry Electric Utilities
Sector Utilities
Employees 15
CEO Richard Poole

Contact Details

Address:
Level 33, Colonial Centre, 52 Martin Place
Sydney, NSW 2000
Australia
Phone +61 2 9227 8900
Website Visit Website

Stock Details

Ticker Symbol VDNT
Exchange NASDAQ
Reporting Currency AUD
CIK Code 0001862979
SIC Code 4911