DevvStream (DEVS), Southern Energy Renewables and XCF Global (SAFX) announced a non-binding tripartite memorandum of understanding to jointly explore the potential development of a next-generation low-carbon fuels platform designed to accelerate sustainable aviation fueladoption, expand domestic capacity, and integrate environmental-attribute monetization into a unified customer offering. The goal of the collaboration is to increase long-term SAF supply across multiple production pathways, and to advance the transparency and commercialization of environmental attributes. As part of the negotiation of a binding agreement, the parties expect to evaluate the commercial viability of developing a HEFA-based "Gen 1" SAF facility in Louisiana alongside Southern's previously announced biomass-based "Gen 2" SAF gasification facility.
DevvStream Corp is a carbon credit project co-development and generation company, which specializes in technology-based solutions. The Company operates across three strategic domains: an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their difficult-to-reduce emissions; project investment, acquisitions, and industry consolidation to extend the Company's reach, allowing it to become a full end-to-end solutions provider, and project development, where the Company serves as project manager for activities such as electric vehicles charging in exchange for a percentage of generated credits. Its end-to-end proprietary solution removes risk and complexity from every step, allowing organizations to move from project ideation to credit monetization. The Company also provides carbon credits for purchases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
