DevvStream Enters Biogas Market via Partnership with Methane Renewable Energy Leader
DevvStream (NASDAQ: DEVS) has announced a partnership with Strategic Environmental & Energy Resources (SEER) to enter the biogas market, estimated at $10 billion in the US and projected to reach $15 billion by 2030. The Carbon Management Program will focus on biogas capture, fugitive emissions mitigation, and carbon sequestration through biochar production.
The program leverages SEER's 150+ existing biogas installations across North America, serving major utility companies, food processors, brewers, and agriculture firms. SEER's subsidiary MV Technologies deploys two key technologies: the V3RU for oil field vapor recovery and a proprietary biogas conditioning system. The partnership extends to projects in Saudi Arabia, including the Green Riyadh project and collaboration with Eco Tadweer. Revenue generation is expected to begin in 2025 through biochar and technology-based carbon credits, with DevvStream retaining a portion of credit sales revenue.
DevvStream (NASDAQ: DEVS) ha annunciato una partnership con Strategic Environmental & Energy Resources (SEER) per entrare nel mercato del biogas, stimato a $10 miliardi negli Stati Uniti e previsto per raggiungere $15 miliardi entro il 2030. Il Programma di Gestione del Carbonio si concentrerà sulla cattura del biogas, mitigazione delle emissioni fugitive e sequestro del carbonio tramite la produzione di biochar.
Il programma sfrutta le oltre 150 installazioni di biogas esistenti di SEER in Nord America, servendo grandi aziende di servizi pubblici, trasformatori alimentari, birrifici e aziende agricole. La filiale di SEER, MV Technologies, implementa due tecnologie chiave: il V3RU per il recupero dei vapori nei campi petroliferi e un sistema proprietario di condizionamento del biogas. La partnership si estende a progetti in Arabia Saudita, inclusi il progetto Green Riyadh e la collaborazione con Eco Tadweer. Si prevede che la generazione di entrate inizi nel 2025 attraverso biochar e crediti di carbonio basati sulla tecnologia, con DevvStream che trattiene una parte delle entrate dalle vendite di crediti.
DevvStream (NASDAQ: DEVS) ha anunciado una asociación con Strategic Environmental & Energy Resources (SEER) para entrar en el mercado del biogás, estimado en $10 mil millones en los EE. UU. y proyectado para alcanzar los $15 mil millones para 2030. El Programa de Gestión de Carbono se centrará en la captura de biogás, mitigación de emisiones fugitivas y secuestro de carbono a través de la producción de biochar.
El programa aprovecha más de 150 instalaciones de biogás existentes de SEER en América del Norte, sirviendo a grandes compañías de servicios públicos, procesadores de alimentos, cerveceros y empresas agrícolas. La subsidiaria de SEER, MV Technologies, despliega dos tecnologías clave: el V3RU para la recuperación de vapor en campos petroleros y un sistema de acondicionamiento de biogás propietario. La asociación también se extiende a proyectos en Arabia Saudita, incluidos el proyecto Green Riyadh y la colaboración con Eco Tadweer. Se espera que la generación de ingresos comience en 2025 a través de biochar y créditos de carbono basados en tecnología, con DevvStream reteniendo una parte de los ingresos por ventas de créditos.
DevvStream (NASDAQ: DEVS)가 Strategic Environmental & Energy Resources (SEER)와 파트너십을 체결하고 바이오가스 시장에 진출한다고 발표했습니다. 이 시장은 미국에서 100억 달러로 추정되며 2030년까지 150억 달러에 이를 것으로 예상됩니다. 탄소 관리 프로그램은 바이오가스 포집, 누출 배출 완화 및 탄소 격리에 중점을 두고 바이오카르 생산을 통해 이를 진행할 것입니다.
이 프로그램은 북미 전역에 있는 SEER의 150개 이상의 기존 바이오가스 설비를 활용하여 주요 유틸리티 회사, 식품 가공업체, 양조업체 및 농업 회사에 서비스를 제공합니다. SEER의 자회사 MV Technologies는 오일 필드의 증발 복원을 위한 V3RU와 독자적인 바이오가스 조정 시스템의 두 가지 주요 기술을 배포합니다. 이 파트너십은 사우디 아라비아의 Green Riyadh 프로젝트 및 Eco Tadweer와의 협력을 포함한 프로젝트로 확대됩니다. 수익 창출은 2025년에 바이오카르 및 기술 기반의 탄소 크레딧을 통해 시작될 것으로 예상되며, DevvStream은 크레딧 판매 수익의 일부를 유지합니다.
DevvStream (NASDAQ: DEVS) a annoncé un partenariat avec Strategic Environmental & Energy Resources (SEER) pour entrer sur le marché du biogaz, estimé à 10 milliards de dollars aux États-Unis et prévu pour atteindre 15 milliards de dollars d'ici 2030. Le Programme de Gestion du Carbone se concentrera sur la captation du biogaz, la réduction des émissions fugitives et le stockage du carbone grâce à la production de biochar.
Le programme s'appuie sur plus de 150 installations de biogaz existantes de SEER en Amérique du Nord, desservant de grandes entreprises de services publics, des transformateurs alimentaires, des brasseurs et des entreprises agricoles. La filiale de SEER, MV Technologies, déploie deux technologies clés : le V3RU pour la récupération de vapeurs dans les champs pétroliers et un système de conditionnement de biogaz propriétaire. Le partenariat s'étend à des projets en Arabie Saoudite, y compris le projet Green Riyadh et la collaboration avec Eco Tadweer. La génération de revenus devrait commencer en 2025 grâce au biochar et aux crédits carbone basés sur la technologie, DevvStream conservant une partie des revenus des ventes de crédits.
DevvStream (NASDAQ: DEVS) hat eine Partnerschaft mit Strategic Environmental & Energy Resources (SEER) bekannt gegeben, um in den Biogasmarkt einzutreten, der in den USA auf 10 Milliarden Dollar geschätzt wird und bis 2030 voraussichtlich 15 Milliarden Dollar erreichen wird. Das Carbon Management Program wird sich auf Biogasaufnahme, Minderung von Emissionen und Kohlenstoffspeicherung durch die Produktion von Biochar konzentrieren.
Das Programm nutzt über 150 bestehende Biogasanlagen von SEER in Nordamerika, die große Versorgungsunternehmen, Lebensmittelverarbeiter, Brauereien und landwirtschaftliche Unternehmen bedienen. Die Tochtergesellschaft von SEER, MV Technologies, setzt zwei Schlüsseltechnologien ein: den V3RU zur Dampferfassung in Ölfeldern und ein proprietäres Biogasaufbereitungssystem. Die Partnerschaft erstreckt sich auch auf Projekte in Saudi-Arabien, einschließlich des Green Riyadh-Projekts und der Zusammenarbeit mit Eco Tadweer. Die Umsatzgenerierung wird voraussichtlich 2025 durch Biochar und technologiegestützte Kohlenstoffgutschriften beginnen, wobei DevvStream einen Teil des Umsatzes aus dem Verkauf der Gutschriften behält.
- Entry into $10B biogas market with projected growth to $15B by 2030
- Access to 150+ existing biogas installations across North America
- Revenue generation expected to begin in 2025
- Biochar credits currently priced over $125
- Expansion into Saudi Arabian market through established projects
- No immediate revenue generation (starts 2025)
- Revenue sharing arrangement specifics not disclosed
Insights
This strategic partnership marks a significant expansion into the $10 billion U.S. biogas market, projected to reach $15 billion by 2030. The collaboration leverages SEER's extensive network of 150+ biogas installations across North America, positioning DevvStream to capture substantial market share. The biochar credit market is particularly lucrative, with current prices exceeding
The technological foundation of this partnership is robust, combining SEER's proven V3RU and BCS technologies with DevvStream's carbon credit expertise. The three-pronged approach targeting biogas capture, fugitive emissions reduction and carbon sequestration through biochar production represents a comprehensive decarbonization strategy. The existing installations with major utility companies and food processors demonstrate commercial viability, while the proprietary nature of the technologies provides competitive advantages. Revenue generation expected in 2025 through biochar and technology-based carbon credits indicates a clear path to monetization.
Carbon Management Program by SEER and DevvStream will be centered around biogas capture and carbon sequestration through biocarbon, or biochar, production
Companies plan to leverage over 150 existing SEER-affiliate biogas installations across North America with numerous multinational utility companies, food processors, brewers, and agriculture firms as well as future large-scale projects in the US and in the Kingdom of Saudi Arabia
In addition to biogas and biocarbon production, the Program will also enable the generation of carbon credits from oil field emission reductions and sequestration projects
Sacramento, California--(Newsfile Corp. - December 12, 2024) - DevvStream Corp. (NASDAQ: DEVS) ("DevvStream" or the "Company"), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, and Strategic Environmental & Energy Resources, Inc. ("SEER"), a leading provider of environmental services, renewable fuels, and industrial waste management solutions, today announced a Carbon Management Program (the "Program") established to quantify and monetize high-quality carbon credits derived from SEER's cutting-edge technologies and projects, with a primary focus on biogas capture. Entry into the biogas industry expands the Company into an estimated
The Program will focus on three key areas:
- Biogas Capture and Conditioning - Generating methane renewable energy through advanced proprietary biogas capture and treatment.
- Mitigation of Fugitive Emissions - Reducing harmful emissions from small vertical oil and gas wells using SEER's patented technologies.
- Carbon Sequestration - Establishing biocarbon production facilities in Texas and Saudi Arabia to capture and sequester CO2 effectively. Credits created from biochar are currently priced in excess of
$125 , according to market participants.
SEER's MV Technologies, LLC ("MV") subsidiary deploys two primary decarbonization technologies: (a) a patented Variable Volume Vapor Recovery Unit ("V3RU") technology for vapor recovery in oil fields, and (b) a proprietary biogas conditioning system ("BCS"). MV currently has over 150 installations of its BCS solution across North America at renewable natural gas and landfill facilities, serving some of the nation's largest utility companies, food processors, brewers, landfills, and agriculture firms.
The Program also builds on SEER's successful initiatives in Saudi Arabia, including its participation in the Green Riyadh project, one of the largest urban afforestation projects in the world, as well as its work with Eco Tadweer, an initiative of the Saudi Economic Cooperation Organization led by the private sector to contribute to national and global efforts in the field of environmental sustainability and, more specifically, the application of a circular carbon economy approach as envisioned by the Saudi Investment Recycling Company.
"SEER has developed and maintained a world-class customer base through the deployment of its advanced decarbonization technology portfolio," said Sunny Trinh, CEO of DevvStream. "The relationships SEER has established and the trust they have earned through proven successes in the field provide an immediate opportunity to create and monetize high-quality carbon credits on a substantial scale. The Program enables us to generate measurable environmental benefits and strong financial results for all shareholders in both the short and long term."
"SEER's innovative technologies perfectly complement DevvStream's growth strategy," said John Combs, CEO of SEER. "The Program allows us to expand the deployment of the V3RU system, quantify its environmental impact, and unlock valuable carbon credit opportunities for our customers within the biogas and RNG sectors. Our relationship with DevvStream represents a significant step in SEER's commitment to decarbonization and to the creation of value for our stakeholders."
"The Program developed by SEER and DevvStream will complement the ongoing environmental and financial success of Eco Tadweer in the Kingdom," said Areej Alturki, President of Eco Tadweer. "As we continue to scale biocarbon production and enhance our decarbonization programs and environmental impact, we are committed to maximizing the monetization of carbon credits and look forward to working with SEER and DevvStream to create maximum value for our Saudi stakeholders."
About DevvStream
Founded in 2021, DevvStream is a leading authority in the use of technology in carbon project development. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health.
With a diverse approach to the carbon market, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging in exchange for a percentage of generated credits.
For more information, please visit www.devvstream.com.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion-dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has two wholly-owned operating subsidiaries: MV Technologies, LLC and SEER Environmental Materials, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and PelleChar, LLC. For more information about the Company visit: www.seer-corp.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated C02 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, or DevvStream's opportunity pipeline and the ability of such opportunities to generated carbon or tax credits each year, or the growth of the international renewable energy certificates, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.
These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
Contact
Jonathan Miller, Chief Communications Officer
jon@devvstream.com
Phone: (408) 365-4348
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233437
FAQ
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