DEVS News & Events

Southern Energy Renewables announced it will invest $1.4 billion to develop a green methanol and sustainable aviation fuel production facility that will convert the region's abundant wood-waste biomass into some of the lowest lifecycle-carbon fuels on the market, leveraging Louisiana's established energy infrastructure, innovation ecosystem and skilled workforce. The company is expected to create 120 direct new jobs with an average salary of $97,267, which is 5% above the average St. Charles Parish wage. Louisiana Economic Development estimates the project will result in an additional 394 indirect new jobs, for a total of 514 potential new job opportunities in the Southeast Region. The new production facility located near hydrogen supply and key logistics infrastructure is Southern's first commercial-scale development in Louisiana as it prepares for a proposed merger with DevvStream.

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.

Southern Energy Renewables will invest $1.4B to develop a green methanol and sustainable aviation fuel production facility that will convert the region's abundant wood-waste biomass into some of the lowest lifecycle-carbon fuels on the market, leveraging Louisiana's established energy infrastructure, innovation ecosystem and skilled workforce. The company is expected to create 120 direct new jobs with an average salary of $97,267, which is 5% above the average St. Charles Parish wage. Louisiana Economic Development estimates the project will result in an additional 394 indirect new jobs, for a total of 514 potential new job opportunities in the Southeast Region. The new production facility located near hydrogen supply and key logistics infrastructure is Southern's first commercial-scale development in Louisiana as it prepares for a proposed merger with DevvStream. Pre-construction planning and site development activities on the project are underway. Construction is expected to begin in late 2027 with production anticipated in late 2029.

DevvStream (DEVS) announced that it has signed a term sheet with Southern Energy Renewables and Frontline BioEnergy, a trade name of Frontline Group, that outlines an expanded collaboration to support the development and de-risking of Southern's planned biomass-to-fuels and chemicals platform in Louisiana. Under the term sheet, Southern expects to provide up to $2.05M to fund the design, construction, and commissioning of the MeOH PDU and MTH PDU, with Frontline expected to self-perform most engineering, procurement, fabrication, and construction activities. Southern is expected to own the equipment and materials purchased with Southern funds used to construct the PDUs. Frontline is expected to be affirmed as Southern's exclusive gasification company and, subject to definitive agreements and performance terms, to serve as Southern's exclusive gasification provider for a five-year period for commercial deployment. DevvStream is expected to serve as the exclusive carbon credit and environmental-asset manager for SER's commercial projects. XCF Global (XCF) is anticipated to play a key role in the collaboration, contributing downstream fuels expertise, market and offtake insight, and execution support intended to help translate pilot scale validation into commercial deployment. This collaboration is also intended to support the broader strategic objectives described in a recently announced binding term sheet regarding a potential three-party merger among DevvStream, Southern, and XCF. If the three parties are able to successfully negotiate definitive agreements, DevvStream believes the Frontline pilot-scale program can help validate Southern's biomass-to-methanol and methanol-to-jet pathways, complement XCF's downstream SAF production capabilities, and further de-risk commercialization for the proposed Louisiana development pathway.