DevvStream, a carbon credit project co-development and generation firm, and SEER, a provider of environmental services, have announced a Carbon Management Program.
It has been established to quantify and monetise high-quality carbon credits derived from SEER's technologies and projects, with a primary focus on biogas capture.
The Program represents a new advancement in the Project Development category of DevvStream's three-tiered corporate strategy and is expected to begin generating revenue in 2025 via sales of biochar credits and technology-based carbon credits.
DevvStream will retain a portion of the revenue from credits generated and sold.
The Program will focus on three key areas.
The first is biogas capture and conditioning, which will generate methane renewable energy through advanced proprietary biogas capture and treatment.
The second is mitigation of fugitive emissions. This will reduce emissions from small vertical oil and gas wells using SEER's patented technologies.
The third is carbon sequestration. This will establish biocarbon production facilities in Texas and Saudi Arabia to capture and sequester CO2 effectively.
"SEER has developed and maintained a world-class customer base through the deployment of its advanced decarbonisation 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 monetise 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."
DevvStream enters biogas market
