Verdant Earth Technologies (VDNT) Files IPO Registration Statememt

Verdant Earth Technologies (NASDAQ: VDNT) files IPO registration statement.

The company describes itself as: "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."

Roth Capital Partners will serve as sole underwriter.

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