CENAQ Energy Corp.
CENQW
NASDAQ Capital Market0.25
USD
+0.08
- -
CIK
0001841425
CUSIP
15130M110
Return %
Stock
S&P500
1Y
33.26
18.21
3Y
-44.44
64.38
5Y
-44.44
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4550 Post Oak Place Drive Houston TX United States of America 77027
- IPO Date
- Oct 4, 2021
- CIK
- 0001841425
- Similar Companies
- Business
- CENAQ Energy Corp. (CENQW) operates as the warrant component associated with Verde Clean Fuels, Inc., a renewable energy company that develops and deploys proprietary syngas-to-gasoline plus (STG+®) technology to produce renewable gasoline and other finished liquid fuels from diverse feedstocks including biomass, municipal solid waste, mixed plastics, and stranded or flared natural gas; the STG+ process converts syngas into reformulated blendstock for oxygenate blending (RBOB) gasoline and similar products without additional refining. The company targets modular production facilities optimized for feedstock sources, power purchase agreements, government incentives, and joint ventures to generate revenue while reducing carbon intensity by over 60% compared to traditional gasoline. Verde Clean Fuels focuses on North American markets, particularly the United States, with projects in Arizona, California, and the Permian Basin. Incorporated in 2020 and headquartered in Houston, Texas, CENAQ Energy Corp. originated as a blank check special purpose acquisition company (SPAC) targeting energy sector opportunities in North America before completing a reverse merger with Bluescape Clean Fuels LLC (rebranded as Verde Clean Fuels, Inc.) on February 15, 2023, which resulted in Verde's Class A common stock trading under the ticker VGAS and public warrants under VGASW on Nasdaq. In 2024, Verde entered a joint development agreement with Cottonmouth Ventures, LLC—a subsidiary of Diamondback Energy, Inc.—to deploy STG+ technology using Permian Basin natural gas, selected Chemex Global for front-end engineering and design (FEED) services on the project, and advanced plans for a renewable gasoline facility at a California landfill site in Maricopa, Arizona, expected to produce 7 million gallons annually in its first phase. Most recently, on January 29, 2025, Verde closed a $50 million equity investment from Cottonmouth Ventures, consisting of 12.5 million shares, to fund initial commercial facilities and expansions; in August 2023, it signed a carbon dioxide management agreement with Carbon TerraVault JV HoldCo, LLC (a partnership of California Resources Corporation and Brookfield Renewable) for sequestering at least 100,000 metric tons of CO2 annually from a planned 7 million gallon renewable gasoline plant at CRC's Net Zero Industrial Park in Kern County, California.