SEER PARTNERS WITH DEVVSTREAM TO MONETIZE INSURED CARBON CREDITS ARISING OUT OF METHANE RENEWABLE ENERGY, CAPTURED OIL FIELD WELL EMISSIONS AND OTHER SEER PROJECTS
Strategic Environmental & Energy Resources (OTCQB: SENR) has partnered with DevvStream (NASDAQ: DEVS) to develop and monetize carbon credits from multiple sources. The partnership focuses on three main areas: biogas capture for methane renewable energy, prevention of fugitive emissions from oil & gas wells, and CO2 sequestration at planned biocarbon facilities in Texas and Saudi Arabia.
SEER's subsidiary, MV Technologies, has over 150 gas treatment systems installed across North America, serving major energy, utility, and food processing companies. The company's V3RU oil field technology will be utilized to prevent harmful greenhouse gas emissions from smaller vertical wells. Additionally, SEER is expanding its presence in Saudi Arabia through its partnership with Eco Tadweer, participating in the Green Riyadh initiative.
Strategic Environmental & Energy Resources (OTCQB: SENR) ha stretto una partnership con DevvStream (NASDAQ: DEVS) per sviluppare e monetizzare crediti di carbonio provenienti da diverse fonti. La collaborazione si concentra su tre aree principali: cattura del biogas per energia rinnovabile da metano, prevenzione delle emissioni fuggitive da pozzi petroliferi e di gas, e sequestro di CO2 presso le strutture biocarboniche pianificate in Texas e Arabia Saudita.
La sussidiaria di SEER, MV Technologies, ha più di 150 sistemi di trattamento del gas installati in Nord America, servendo importanti aziende energetiche, di servizi pubblici e del settore della lavorazione alimentare. La tecnologia del campo petrolifero V3RU della compagnia sarà utilizzata per prevenire le emissioni di gas serra dannosi dai pozzi verticali più piccoli. Inoltre, SEER sta ampliando la sua presenza in Arabia Saudita attraverso la partnership con Eco Tadweer, partecipando all'iniziativa Green Riyadh.
Strategic Environmental & Energy Resources (OTCQB: SENR) se ha asociado con DevvStream (NASDAQ: DEVS) para desarrollar y monetizar créditos de carbono de múltiples fuentes. La asociación se centra en tres áreas principales: captura de biogás para energía renovable de metano, prevención de emisiones fugitivas de pozos de petróleo y gas, y secuestro de CO2 en instalaciones biocarboníferas planificadas en Texas y Arabia Saudita.
La subsidiaria de SEER, MV Technologies, tiene más de 150 sistemas de tratamiento de gas instalados en América del Norte, sirviendo a importantes empresas de energía, servicios públicos y procesamiento de alimentos. La tecnología del campo petrolero V3RU de la compañía se utilizará para prevenir las emisiones de gases de efecto invernadero dañinos de pozos verticales más pequeños. Además, SEER está expandiendo su presencia en Arabia Saudita a través de su asociación con Eco Tadweer, participando en la iniciativa Green Riyadh.
Strategic Environmental & Energy Resources (OTCQB: SENR)는 DevvStream (NASDAQ: DEVS)와 협력하여 다양한 출처에서 탄소 크레딧을 개발하고 수익화합니다. 이 파트너십은 세 가지 주요 분야에 초점을 맞추고 있습니다: 메탄 재생 가능 에너지를 위한 바이오가스 포집, 석유 및 가스 우물에서의 누출 방지, 그리고 텍사스와 사우디아라비아의 계획된 바이오탄소 시설에서 CO2를 격리하는 것입니다.
SEER의 자회사인 MV Technologies는 북미 전역에 150개 이상의 가스 처리 시스템을 설치하여 주요 에너지, 유틸리티 및 식품 가공 회사에 서비스를 제공하고 있습니다. 회사의 V3RU 유전 기술은 더 작은 수직 우물에서 유해한 온실가스 배출을 방지하기 위해 사용됩니다. 또한, SEER는 Eco Tadweer와의 파트너십을 통해 사우디아라비아에서의 존재감을 확장하고 있으며, Green Riyadh 이니셔티브에 참여하고 있습니다.
Strategic Environmental & Energy Resources (OTCQB: SENR) a établi un partenariat avec DevvStream (NASDAQ: DEVS) pour développer et monétiser des crédits carbone provenant de diverses sources. Ce partenariat se concentre sur trois domaines principaux : la capture de biogaz pour l'énergie renouvelable à partir de méthane, la prévention des émissions fugitives provenant des puits de pétrole et de gaz, et le séquestration de CO2 dans les installations de biocarbone prévues au Texas et en Arabie Saoudite.
La filiale de SEER, MV Technologies, a installé plus de 150 systèmes de traitement du gaz à travers l'Amérique du Nord, servant de grandes entreprises d'énergie, de services publics et de transformation alimentaire. La technologie V3RU de la société pour les champs pétroliers sera utilisée pour prévenir les émissions de gaz à effet de serre nuisibles provenant de puits verticaux plus petits. De plus, SEER étend sa présence en Arabie Saoudite grâce à son partenariat avec Eco Tadweer, participant à l'initiative Green Riyadh.
Strategic Environmental & Energy Resources (OTCQB: SENR) hat eine Partnerschaft mit DevvStream (NASDAQ: DEVS) geschlossen, um Kohlenstoffgutschriften aus verschiedenen Quellen zu entwickeln und zu monetisieren. Die Partnerschaft konzentriert sich auf drei Hauptbereiche: Biogasnutzung zur Erzeugung erneuerbarer Energie aus Methan, Verhinderung von flüchtigen Emissionen aus Erdöl- und Erdgasquellen sowie CO2-Speicherung in geplanten Biokohlenstoffanlagen in Texas und Saudi-Arabien.
Die Tochtergesellschaft von SEER, MV Technologies, hat über 150 Gasbehandlungssysteme in Nordamerika installiert, die großen Energie-, Versorgungs- und Lebensmittelverarbeitungsunternehmen dienen. Die V3RU-Technologie für Erdölquellen des Unternehmens wird eingesetzt, um schädliche Treibhausgasemissionen aus kleineren vertikalen Bohrlöchern zu verhindern. Darüber hinaus erweitert SEER seine Präsenz in Saudi-Arabien durch die Partnerschaft mit Eco Tadweer und beteiligt sich an der Initiative Green Riyadh.
- Partnership with NASDAQ-listed DevvStream to monetize carbon credits
- Established presence with 150+ gas treatment systems installed across North America
- Expansion into Saudi Arabian market through Eco Tadweer partnership
- Multiple revenue streams from biogas capture, oil field emissions, and CO2 sequestration
- None.
SEER commits to an aggressive decarbonization and carbon credit monetization program, starting with its current MV Technology solutions and its planned biocarbon production facilities both domestic and international.
BROOMFIELD, CO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), a provider of environmental, renewable fuels and industrial waste stream management services, has partnered with DevvStream, Inc., an emerging leader in carbon credit investing and monetization (https://www.devvstream.com/) (NASDAQ: DEVS). Together, SEER and DevvStream, intend to develop a comprehensive program to quantify and monetize high-quality carbon credits arising out of 1) biogas capture and conditioning associated with generating methane renewable energy, 2) the prevention of harmful fugitive emissions from small, vertical oil & gas wells, and 3) the sequestration of CO2 at SEER’s planned “biocarbon” production facilities in Texas and Saudi Arabia.
“DevvStream is emerging as one of the international leaders in the carbon credit industry with customers and projects worldwide and SEER has technologies and opportunities that fit well into DevvStream’s growth objectives,” said John Combs, SEER’s CEO.
“The carbon credit market is already a trillion-dollar market and is expected to more than double by 2028,” said Sunny Trinh, DevvStream’s CEO. “DevvStream is committed to rapidly increasing its stakeholder value by aggressively pursuing market share in this exploding market space. After assessing SEER’s technologies and its impressive customer base, including some of the world’s largest food, beverage and agriculture companies, it became clear that leveraging SEER’s technologies is an immediate way to harvest and monetize high-quality carbon credits for the mutual benefit of the companies and their shareholders,” said Trinh.
“SEER’s wholly-owned affiliate, MV Technologies, has two primary opportunities to decarbonize and generate valuable carbon credits,” said Combs. MV has its patented V3RU oil field technology and its proprietary and proven biogas conditioning solution. SEER’s wholly owned MV affiliate has more than 150 of its gas treatment and odor control systems installed at refineries and biogas facilities throughout North America with some of the world’s largest energy and utility companies, as well as food processors, brewers, landfills, and food, beverage and agriculture industries. “We believe there is a tremendous initial opportunity for SEER and DevvStream to partner for the benefit of SEER’s customers to harvest and sell fully-insured carbon credits that are created in and around the biogas and RNG industry,” said Combs. “We have been focused on decarbonization technologies and opportunities for SEER and, after multiple conferences and strategic planning sessions with DevvStream management, it was a logical next step to partner with them to assess our existing opportunities to harvest and monetize carbon credits arising out of the renewable biogas market and the capture and conditioning of methane in the oil fields,” Combs added.
“After discussions with the DevvStream team, it became clear that another possible source for decarbonization and generation of carbon credits arises from our patented V3RU oil field technology. This variable volume vapor recovery unit can be placed at any number of the thousands of smaller vertical gas and oil wells throughout the US to prevent the emissions of harmful fugitive greenhouse gases into the atmosphere. Working with DevvStream and having access to its customers and decarbonization projects, we are better positioned to place our V3RU technology, quantify the beneficial impact of the solution, and, ultimately, generate valuable carbon credits that can be monetized for the benefit of all parties.” said Combs.
“Finally, having achieved remarkable initial success with our Saudi partner, Eco Tadweer, and impressive results with our early city park planting and grow studies as part of the Green Riyadh initiative (https://www.rcrc.gov.sa/en/projects/green-riyadh-project), SEER and DevvStream are confident we can expand our collective participation in these projects to include more effective generation and monetization of high-value carbon credits to enhance the already enormous environmental impact of the Kingdom’s efforts to decarbonize the planet,” said Combs.
“Eco Tadweer is excited about SEER and DevvStream working together,” said Areej Alturki, President of Eco Tadweer. “Their partnership will add to the ongoing success, both environmentally and financially, that Eco Tadweer is achieving here in the Kingdom. As we move forward with our plans to produce the highest quality biocarbon here in Saudi Arabia, we will be committed to maximizing the monetization of the insured carbon credits and look forward to working with our partner, SEER, and DevvStream to achieve maximum value for all our Saudi stakeholders,” concluded Alturki.
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About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), 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.
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
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding future performance or fiscal projections, the cost-effectiveness, impact, and ability of the Company's products to handle the future needs of customers are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
Contact Information:
ir@seer-corp.com
FAQ
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