Southern Energy and Axens Sign MoU to Develop Sustainable Aviation Fuel

Southern Energy Renewables and Axens have signed a memorandum of understanding to collaborate on the development of sustainable aviation fuel and related fuel projects, with an initial focus on Southern's planned biomass-to-fuel facility in Louisiana. Under the MoU, Southern is responsible for leading overall project development, including site work, permitting, feedstock and offtake engagement, and coordination with local stakeholders. Axens is slated to serve as licensor-of-record for key technologies across the value chain, including CO2 capture and conditioning and SAF production technologies, with the goal of advancing a de-risked, bankable pathway from regional biomass to low-carbon fuels. The parties expect to focus first on the Louisiana facility, then evaluate additional opportunities in other regions as appropriate. In parallel with the Axens collaboration, Southern has created an experimental digital token referred to as "$SAF." The current concept is to use $SAF over time as a data layer that helps track and visualize production from Southern's facilities, starting with limited use at the pilot plant and, subject to further development and approvals, extending to the flagship Louisiana project. The framework is intended to link token issuance and retirement to measured output and associated operational data, with the goal of improving traceability around SAF production and providing an additional lens on process performance and optimization, without changing how the underlying fuels are produced, sold, or accounted for.