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Verdant Earth Technologies Filed Terms, Nasdaq: VDNT

Repurposes traditional power plants to run on renewable fuel in Australia.

Industry: Utilities

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Industry: Utilities

We are 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. In September 2018, we acquired the decommissioned Redbank Power Station, a 146 MW capacity coal-fired baseload electric power plant located in New South Wales (the “Redbank Power Station”) (approximately 90 kilometers from the Port of Newcastle).
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IPO News for Verdant Earth Technologies
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IPO Data
IPO File Date 10/18/2021
Offer Price
Price Range $7.00 - $9.00
Offer Shares (mm) 6.3
Deal Size ($mm) $50
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $7.00 - $9.00
Offer Shares (mm) 6.3
Deal Size ($mm) $50
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Sydney, Australia
Founded 2018
Employees 15
Website verdantearth.com.au