Oil patch bits: Verde signs distribution agreement with Alaska Materials

Petroleum News

Verde Resources Inc., through its main subsidiary Verde Renewables Inc., said July 2 that it is pleased to announce the signing of an exclusive distribution agreement with Alaska Materials LLC. This partnership will see Alaska Materials distribute Verde's innovative, sustainable building products across Alaska.

Alaska Materials is a trusted "direct ship" wholesale supplier, renowned for its ability to efficiently deliver construction, building and specialty materials throughout Alaska. Whether delivering truckloads of rig mats to the North Slope or a barge load of materials for a remote village school and housing, Alaska Materials is known for its quick turnarounds and logistical expertise.

As part of the agreement, Alaska Materials has committed to a minimum order of $500,000 in Verde products. This collaboration marks a significant step in establishing Verde's presence in the Alaska market while supporting the state's infrastructure needs with cost-effective, eco-friendly and carbon-sequestering materials.

"We are excited to partner with Alaska Materials, whose extensive experience and reliability in serving remote regions make them an ideal distributor," said Jeremy Concannon, chief growth officer of Verde Resources. "This agreement not only creates our market presence in Alaska but also furthers our commitment to providing sustainable, next-gen building materials to industries that benefit both Alaska and the tribal community."

For more information about Verde products, visit https://www.verderesources.com.