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Verde Clean Energy

The low-carbon car of the future is the one you're already driving

Our renewable gasoline makes it possible for everyday drivers to reduce their carbon footprint.

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Choose a cleaner, greener alternative to petroleum - without the need to change your car or fueling habits.

To reduce our carbon impact, our world needs a renewable alternative to fossil fuels to power the transportation sector.

Traditional gasoline, refined from crude oil, makes up over half of greenhouse gas emissions produced by the U.S. transportation sector.

Verde Clean Fuels produces a low-carbon renewable gasoline that doesn't come from petroleum. Compatible with standard internal combustion engines and leveraging existing infrastructure, our ready-to-use liquid fuel means there's no change to your everyday journeys - continue using your current automobile and refueling at the gas station as normal.

Our game-changing technology delivers a non-fossil solution that puts you in the driver's seat when it comes to reducing your carbon emissions.

We estimate the resulting advantage to the environment from deploying our renewable gasoline to be comparable to removing at least 6 out of every 10 cars on the road today. The ability of our renewable gasoline to reduce greenhouse gases without changing our behavior is a new and significant solution to global decarbonization.”

Ernest Miller CEO of Verde Clean Fuels

First-of-its-kind technology

Verde Clean Fuels' pioneering technology 'syngas-to-gasoline plus' (STG+®) turns waste feedstocks - namely biomass, municipal solid waste (MSW), and renewable natural gas (RNG) - into gasoline or methanol.

While some technologies produce fuel that requires further refining, our proprietary STG+® system offers renewable gasoline or methanol as an end product.

Our solution is modular and scalable, right-sized for renewable feedstocks, and by using RFS-qualified feedstocks we expect to produce D3 RINs.

Verde Clean Fuels — Demo plant

Our story so far

Originally founded in 2007 as Primus Green Energy, a number of years have been spent researching and developing our patented STG+® technology. Our demonstration facility has completed over 10,500 hours of demonstration plant operations.

In 2020, we became Bluescape Clean Fuels. We have designed commercial-scale gasoline and methanol facilities, and integrated third-party gasification technology with the STG+® process.

On February 15, 2023, we took our company public as Verde Clean Fuels, trading on the NASDAQ under the symbol VGAS.

Today, we expect to be the first publicly traded company to bring renewable gasoline to the market while generating valuable carbon credits.

Verde Clean Fuels — Demo plant

Our Partners

Our leadership team boasts more than 100 years of energy industry experience and has successfully executed more than 50 capital projects.

Management Team

Ernest Miller, Chief Executive Officer

Ernest Miller has over 25 years of experience in the commodity-driven energy sector. Ernie previously served as Chief Financial Officer for Rodeo Resources Incorporated, a company that invested in operated and non-operated E&P midstream and mineral interests from North America, South America and West Africa. Prior to joining Rodeo Resources, Ernie served as an Asset Manager and Director of Finance at Calpine Corporation, where he developed and financed over 4,500 MW of industrial cogeneration facilities at six locations representing more than $4.0 billion in capital investment. Ernie earned a Master of Natural Resources from Texas A&M University and a Bachelor of Science from the University of the South.

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John Doyle, Chief Technology Officer

John Doyle is a technology and business development executive with over 25 years in the renewable energy space, taking advanced technologies from design development to commercial implementation. As Chief Technology officer he has led VCF’s commercialization program, including demonstration plant validation, commercial plant design, and development of strategic partnerships. Previously, he was the Head of Applied Engineering at BP Biofuels, where he led a cross-functional team to develop the design of large-scale renewable energy facilities. Prior to that, he held positions in project development, project management, and technology licensing at Verenium, Molten Metal Technology and GE Environmental Systems. John began his career as an officer in the US Navy’s nuclear submarine program.

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Rohn Crabtree, EVP Business Development

Rohn Crabtree has more than 30 years of experience in the renewable and clean energy industries. As founder and president of Newport Energy Holdings LLC, a financial and strategic management consulting firm, Rohn has led, served on the boards of, and advised, both public and private early-stage and start-up energy companies. He has experience working with nearly every form of renewable energy technology, including waste-to-value, biomass, solar, wind, geothermal, and hydro, as well as with many firms in the industrial and retail products industries. As Senior Vice President of Finance for the Calpine Corporation, Rohn led the project financing for more than thirty natural gas-fired power plants, securing more than $4 billion in non-recourse project debt, and twice earning the Project Finance Deal of the Year awards for Calpine’s innovative construction revolver financings. While at Calpine, Rohn also led the creation and initial public offering of the Calpine Power Income Fund in Canada and served as its first CEO. Prior to Calpine, he served as Director of Finance for Luz Development and Finance Corporation, for many years, the world’s leading solar power plant development company. Rohn earned his MBA in finance and international management from the University of Pennsylvania Wharton School of Business and Bachelor of Science degrees in finance and accounting from Weber State University.

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Laura Morris, Senior Project Manager

Laura Morris is an energy industry professional with 15 years of capital projects and contracting experience. Laura serves as Senior Project Manager, developing and executing FEED/EPC strategies for VCF facilities. Previously Laura was at ExxonMobil, where she held roles supporting upstream and downstream major capital projects and production operations, including a multibillion-dollar offshore production project. She also held leadership roles in the procurement organization and has participated in a number of special projects regarding process efficiency, ERP systems, and business restructuring. Laura holds a degree in Industrial Engineering from Texas A&M University.

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Board Members

Ron Hulme, Chairman

Ron Hulme currently serves as the Chief Executive Officer of Parallel Resource Partners. He has served in this role since February 2011. Mr. Hulme also currently serves as the Managing Director of Bluescape Energy Partners and has served in leadership roles at Bluescape Energy Partners since August 2015. Mr. Hulme formerly served as a senior partner at McKinsey & Company (“McKinsey”) from 1982 to 2008, a 26-year career. He led several of McKinsey’s global energy practices and led the firm’s client relationships with several leading energy companies. Mr. Hulme also co-founded and co-led McKinsey’s Global Corporate Finance Practice, which established the firm’s M&A Advisory and Private Equity Practices. He led McKinsey’s Global Strategy Practice, and he founded and led the firm’s Global Risk Practice. In these roles, Mr. Hulme advised dozens of the firm’s clients on financial restructurings, operational turnaround, major M&A transactions and risk mitigation strategies across a wide range of industries. Mr. Hulme left McKinsey in 2008 to become the Chief Executive Officer of Carlson Capital LP, a multi strategy hedge fund with approximately $5.0 billion of assets under management and $20.0 billion of gross market value. Mr. Hulme was also Head of Energy at Carlson Capital LP, overseeing a portfolio with approximately $2.0 billion gross market value of energy investments in public equities, credit and private equity. In 2011, Mr. Hulme left Carlson Capital LP to found and serve as Chief Executive Officer of Parallel Resource Partners, an energy-focused private equity firm jointly sponsored by Carlson Capital LP and Bluescape Resources Company. Parallel Resource Partners raised an institutional fund in 2021 and Mr. Hulme continues to manage the fund’s portfolio of upstream energy assets. In 2016, Mr. Hulme also became Chief Executive Officer of Bluescape Energy Partners, a successor institutional private equity form that invests in both upstream energy and electric power.

Mr. Hulme earned a Bachelor’s in Business Administration from the University of Texas, where he graduated first in his class and a Master in Business Administration from the Stanford Graduate School of Business, where he was an Arjay Miller Scholar.

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Martijn Dekker, Director

Martijn Dekker is managing partner of Aurivos, an America-focused energy company he co-founded in 2021. Mr. Dekker is a strategic business executive with expertise in the energy industry and in leadership positions covering all aspects of upstream oil and gas and developing clean energy strategies, and he has a strong track record of collaboration, innovation and delivering value for all stakeholders. Prior to founding Aurivos, Mr. Dekker held various roles during his eleven-year career at Shell International (“Shell”), most recently as Vice President of Strategy and Portfolio from 2016 to 2021, where he led the development of Shell’s hydrogen strategy, development, and implementation of digitalization strategy and refreshing the technology strategy and portfolio. Mr. Dekker also held various technical and business roles in Shell’s upstream business, including Vice President of Strategy and Growth of Americas Exploration and as Development Manager for groundbreaking Gulf of Mexico projects.

Mr. Dekker holds a MS in Chemical Engineering from the University of Technology Eindhoven, Netherlands and a MS in Business Management from Aberdeen University, United Kingdom.

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Curtis Hébert, Jr., Director

Curtis Hébert, Jr. is the former Commissioner and Chairman of the Federal Energy Regulatory Commission (FERC), where he served from November 1997 to September 2001, and a former Executive Vice President for Entergy Corporation, where he served from September 2001 to July 2010. Mr. Hébert is currently a Partner with the Brunini Law Firm, where has advised energy companies and corporations throughout the globe on numerous matters, including building accountability and transparency into corporate governance, improving the quality of regulatory filings, reporting and relationships, and executing complex, structured regulatory settlements since July 2012. He also served as a visiting scholar with the Bipartisan Policy Center in Washington, where he co-chaired the Energy Reliability Task Force and the Cybersecurity Task Force. Previously, Mr. Hébert served as Chief Executive Officer of Lexicon Strategy Group, an energy, finance and regulatory law advisory firm, from August 2010 to July 2012. Mr. Hébert has broad and deep experience in multiple segments of the energy sector, spanning exploration and production, natural gas transportation, electric generation and distribution, chemicals, and mining. He brings a thorough knowledge of national and international energy markets, policy, and regulatory processes. Mr. Hébert also spent years in the telecommunications, transportation, and water/sewage sector on regulatory filings and administrative hearings. Mr. Hébert serves as an independent director, a member of the audit committee, a member of the nominating committee and the chairman of the compensation committee of Bluescape Opportunity Acquisition Corp. and has served in these roles since September 2020.

Mr. Hébert earned a Juris Doctorate from the Mississippi College School of Law and a Bachelor’s from the University of Southern Mississippi.

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Duncan Palmer, Director

Duncan Palmer serves as an independent director, the chairman of the audit committee, a member of the nominating committee and a member of the compensation committee of Bluescape Opportunities Acquisition Corp. and has served in these roles since October 2020. Additionally, he is the former Chief Financial Officer of Cushman & Wakefield, a leading global real estate services company and served in this position from November 2014 to February 2021. From 2012 to 2014, Mr. Palmer served as the Chief Financial Officer of RELX, a global provider of information-based analytics and decision tools and from 2007 to 2012, Mr. Palmer served as the Chief Financial Officer of Owens Corning, a global manufacturer of building materials and fiber glass reinforcements. Mr. Palmer currently sits on the board of Oshkosh Corporation, a vehicle and equipment supplier with global operations, where he has served as a member of the board since 2011 and has been chairman of the audit committee since 2019. As Chief Financial Officer, Mr. Palmer led Cushman & Wakefield’s IPO and oversaw all aspects of the company’s financial operations, including multiple corporate functions from treasury and investor relations to tax and internal audit. Mr. Palmer has extensive financial operations, transactional, and business development knowledge and experience through previous Chief Financial Officer appointments at Cushman & Wakefield, RELX, Owens Corning and as a senior finance executive at Royal Dutch Shell. Mr. Palmer’s extensive international business experience includes leadership of finance organizations ranging in size from 500-2,000 employees and encompasses multi-billion-dollar capital allocation programs, merger integrations, debt offerings and share repurchase programs. His experience spans many segments of the energy, lubricants, materials, information services and real estate services sectors. Mr. Palmer also has deep transactional and business development experience, having overseen mergers and acquisitions execution, as well as corporate strategy.

Mr. Palmer earned a Master of Business Administration from the Stanford Graduate School of Business and a Master’s degree from St. John’s College Cambridge (UK). He is a Fellow of the Chartered Institute of Management Accountants (UK).

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Jonathan Siegler, Director

Jonathan Siegler currently serves as the President and Chief Operating Officer and Non Independent Director of Bluescape Opportunities Acquisition Corp. and has served in these positions since July 2020. Mr. Siegler also serves as Managing Director, and member of the Investment Committee of three investment vehicles (i) Bluescape Resources Company since May 2008; (ii) Parallel Resource Partners since February 2011 and (iii) Bluescape Energy Partners since May 2016. Mr. Siegler also serves on the Valuation, Compliance and Risk Committees for the investment vehicles. Mr. Siegler serves on the boards of many of the portfolio investments and is responsible for driving performance management, strategy, investment, decision making and transaction execution. As Managing Director, Mr. Siegler has helped lead more than $1.7 billion of investments across 25 major investments. Highlights include the origination and greenfield development of one of the largest contiguous positions in the Marcellus Shale, the development of long haul transmission lines to enable wind generation and the performance improvement of multiple deregulated energy companies. Mr. Siegler was formerly Senior Vice President of Strategy and M&A at TXU Corp (“TXU”) from 2004 to 2008. At TXU, Mr. Siegler helped (i) design and implement the performance improvement program, (ii) ensure the competitive market was maintained in Texas, (iii) design TXU’s new build generation strategy and (iv) helped lead the sale of TXU to an investment group led by affiliates of KKR, TPG and Goldman Sachs. Prior to TXU, Siegler was an engagement manager at McKinsey from 2001 to 2004 leading strategy, finance and operations work across the energy/industrial sector. Mr. Siegler led strategic turnaround work at both energy and production “E&P” and power companies and led operational turnaround work power plants. Prior to that, Mr. Siegler served as a lieutenant from 1996 to 2001 aboard the nuclear powered ballistic missile submarine USS Pennsylvania (SSBN 735B), qualifying as a naval nuclear engineer and receiving three Navy and Marine Corps achievement medals for superior service.

Mr. Siegler earned a Master of Science in Electrical Engineering from Stanford University and a Bachelor of Science in Electrical Engineering from the United States Naval Academy, where he graduated with distinction.

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Dail St. Claire, Director

Dail St. Claire currently serves as the Chief Executive Officer of St. Claire Consultants, LLC, an advisory and management consulting firm she founded in 2013, and as the Chief Strategist of ESG Investments and Sustainable Cash Management of Amalgamated Bank since May 2022. Prior to founding St. Claire Consultants, Ms. St. Claire co-founded Williams Capital (formerly known as Williams Capital Group, L.P. / Williams Capital Management, LLC), a registered investment advisor and mutual fund trust company, where she served as President and Treasurer. Prior to founding Williams Capital, Ms. St. Claire served as the Vice President of Amalgamated Bank, where she directed proxy and shareholder engagement, and as Senior Investment Officer of the Office of the New York City Comptroller. Ms. St. Claire is an independent director of the board of directors of CRS Temporary Housing, where she has served as a member since 2022. Since 2021, Ms. St. Claire has served as an appointed member of the board of directors of the New York State Common Retirement Fund’s Investment Advisory Committee. Since March 2021, she has also served as a special advisor to Reverence Capital Partners, L.P., a private investment firm focused on private equity and structured credit.

Ms. St. Claire earned a Master’s in Public Policy from the University of Chicago, Harris School, and a Bachelor’s in Cultural Anthropology from the University of California, San Diego, Revelle College.

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Graham van’t Hoff, Director

Graham van’t Hoff currently serves on several boards, as described below, and participates in consulting work in the energy and chemical industry since June of 2019. Prior to this, Mr. van’t Hoff served as the Chief Executive Officer of Shell Chemicals from January 2013 to June 2019, the Executive Vice President of Shell Alternative Energies from January 2012 to December 2012, a board member of Shell International Petroleum Co. from 2014 to 2017 and Chairman of Shell UK Limited from March 2011 to December 2012. He has extensive board experience on several global joint ventures, including Raizen, a Brazilian biofuels company, Infineum, a joint venture between Shell and ExxonMobil focused on the formulation, manufacturing and marketing of petroleum additives for lubricants and fuels, as well as Chairman of CSPC (CNOOC Shell Petrochemicals Co), one of the largest Chinese petrochemical companies. During his tenure at Shell, Mr. van’t Hoff oversaw significant global growth in the revenue and profit of Shell’s chemical businesses, with revenues exceeding $24 billion. Mr. van’t Hoff’s 35 years of experience spans multiple segments of the energy and chemical sectors from upstream through refining, marketing and trading, P&L leadership, strategy, government relations, technology and IT. Mr. van’t Hoff’s extensive international business experience includes appointments to the boards and executive committees of multiple international chemical industry associations, including ACC (the American Chemistry Council), CEFIC (the European Chemical Industry Association), and ICCA (the International Council of Chemical Associations). He was also a founding member of the Alliance to End Plastic Waste, formed in 2019, which gained $1.5 billion of funding commitments in its first year of formation, and is on the Oxford University Chemistry Development Board. He also serves on the North American Advisory Board for Air Liquide, and on the board of the privately-owned, commercial solar farm developer and operator, Silicon Ranch Corporation. Additionally, Mr. van’t Hoff serves as an independent director, a member of the audit committee, the chairman of the nominating committee and a member of the compensation committee of Bluescape Opportunities Acquisition Corp. and has served in these roles since September 2020.

Mr. van’t Hoff earned a Master in Business Management, with Distinction, from Manchester Business School and a Master in Chemistry from the University of Oxford.

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