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Verde Clean Fuels, Inc. Set To Join Russell 3000® Index
HOUSTON--(BUSINESS WIRE)-- Verde Clean Fuels, Inc. (NASDAQ: VGAS) (the “Company” or “Verde”) is set to join the broad-market Russell 3000® Index at the
About this update from Verde Clean Fuels, Inc.
[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nVerde Clean Fuels, Inc. (NASDAQ: VGAS) (the “Company” or “Verde”) is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023, according to a preliminary list of additions posted by FTSE Russell.\n\nErnie Miller, the Company’s Chief Executive Officer said: “We are pleased with Verde’s inclusion on the Russell 3000® Index as it marks another important milestone for the Company as we continue to grow our renewable and natural gas derived gasoline businesses.”\n\nThe annual reconstitution process for the Russell indexes captures the 4,000 largest US stocks as of April 28, 2023, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes.\n\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.\n\nFor more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.\n\nAbout Verde Clean Fuels\n\nVerde Clean Fuels, Inc. is a renewable energy company specializing in the conversion of synthesis gas, or syngas, derived from diverse feedstocks, such as biomass, municipal solid waste and mixed plastics, as well as natural gas (including synthetic natural gas) and other feedstocks, into gasoline through an innovative and proprietary liquid fuels technology, the STG+® process. Through its STG+® process, Verde converts syngas into Reformulated Blend-stock for Oxygenate Blending (“RBOB”) gasoline. Verde is focused on the development of commercial facilities aimed at turning waste and other bio-feedstocks into a usable stream of syngas which is then transformed into a single finished fuel, such as gasoline, without any additional refining steps.\n\nTo learn more about Verde, please visit www.verdecleanfuels.com.\n\nAbout FTSE Russell\n\nFTSE...