DevvStream Affiliate Monroe Sequestration Partners Signs Agreement with Southern Energy to Anchor Major Carbon Capture Project in Louisiana
DevvStream (NASDAQ: DEVS) announced that its affiliate Monroe Sequestration Partners, in which it holds a 50% stake, has signed a Collaboration Agreement with Southern Energy for a major carbon capture project in Louisiana. The partnership involves Southern Energy's planned $1 billion biomass-to-fuel facility that will produce methanol and sustainable aviation fuel (SAF), expected to be operational in 2028.
Monroe will provide permanent CO₂ sequestration through its Class VI storage site, scheduled to begin operations in 2027. The collaboration aims to generate high-quality carbon credits and support global decarbonization mandates in aviation and maritime transport industries. Additional definitive binding agreements are expected in Q2 2025.
DevvStream (NASDAQ: DEVS) ha annunciato che la sua affiliata Monroe Sequestration Partners, di cui detiene il 50%, ha firmato un Accordo di Collaborazione con Southern Energy per un importante progetto di cattura del carbonio in Louisiana. La partnership riguarda l'impianto da 1 miliardo di dollari di Southern Energy per la trasformazione della biomassa in carburante, che produrrà metanolo e carburante sostenibile per l'aviazione (SAF), previsto operativo nel 2028.
Monroe fornirà la sequestrazione permanente di CO₂ tramite il suo sito di stoccaggio di Classe VI, che inizierà le operazioni nel 2027. La collaborazione punta a generare crediti di carbonio di alta qualità e a supportare i mandati globali di decarbonizzazione nei settori dell'aviazione e del trasporto marittimo. Ulteriori accordi vincolanti definitivi sono attesi nel secondo trimestre del 2025.
DevvStream (NASDAQ: DEVS) anunció que su afiliada Monroe Sequestration Partners, en la que posee un 50%, ha firmado un Acuerdo de Colaboración con Southern Energy para un importante proyecto de captura de carbono en Luisiana. La asociación involucra la planta planificada de Southern Energy, valorada en 1.000 millones de dólares, para convertir biomasa en combustible, que producirá metanol y combustible sostenible para aviación (SAF), con inicio de operaciones previsto en 2028.
Monroe proporcionará secuestro permanente de CO₂ a través de su sitio de almacenamiento Clase VI, con operaciones programadas para comenzar en 2027. La colaboración busca generar créditos de carbono de alta calidad y apoyar los mandatos globales de descarbonización en las industrias de aviación y transporte marítimo. Se esperan acuerdos definitivos vinculantes adicionales en el segundo trimestre de 2025.
DevvStream (NASDAQ: DEVS)는 50% 지분을 보유한 자회사 Monroe Sequestration Partners가 Southern Energy와 루이지애나에서 대규모 탄소 포집 프로젝트를 위한 협력 계약을 체결했다고 발표했습니다. 이번 파트너십은 Southern Energy가 계획 중인 10억 달러 규모의 바이오매스 연료 전환 시설로, 메탄올과 지속 가능한 항공 연료(SAF)를 생산하며 2028년 가동을 목표로 하고 있습니다.
Monroe는 2027년 가동 예정인 Class VI 저장소를 통해 영구적인 CO₂ 격리를 제공할 예정입니다. 이번 협력은 고품질 탄소 배출권을 창출하고 항공 및 해운 산업의 글로벌 탈탄소화 정책을 지원하는 것을 목표로 합니다. 추가적인 구속력 있는 최종 계약은 2025년 2분기에 체결될 예정입니다.
DevvStream (NASDAQ : DEVS) a annoncé que sa filiale Monroe Sequestration Partners, dont elle détient 50 %, a signé un accord de collaboration avec Southern Energy pour un important projet de capture du carbone en Louisiane. Ce partenariat concerne l'installation prévue par Southern Energy, d'une valeur d'un milliard de dollars, pour convertir la biomasse en carburant, produisant du méthanol et du carburant d'aviation durable (SAF), dont la mise en service est prévue pour 2028.
Monroe fournira une séquestration permanente de CO₂ via son site de stockage de classe VI, dont l'exploitation devrait débuter en 2027. Cette collaboration vise à générer des crédits carbone de haute qualité et à soutenir les mandats mondiaux de décarbonation dans les secteurs de l'aviation et du transport maritime. D'autres accords contraignants définitifs sont attendus au deuxième trimestre 2025.
DevvStream (NASDAQ: DEVS) gab bekannt, dass seine Tochtergesellschaft Monroe Sequestration Partners, an der es 50 % beteiligt ist, eine Kooperationsvereinbarung mit Southern Energy für ein bedeutendes Kohlenstoffabscheidungsprojekt in Louisiana unterzeichnet hat. Die Partnerschaft betrifft Southern Energys geplante 1-Milliarde-Dollar-Biomasse-zu-Kraftstoff-Anlage, die Methanol und nachhaltigen Flugkraftstoff (SAF) produzieren soll und voraussichtlich 2028 in Betrieb geht.
Monroe wird eine dauerhafte CO₂-Speicherung über seine Class-VI-Lagerstätte bereitstellen, deren Betrieb 2027 beginnen soll. Die Zusammenarbeit zielt darauf ab, hochwertige Kohlenstoffzertifikate zu generieren und globale Dekarbonisierungsvorgaben in den Luftfahrt- und Schifffahrtsindustrien zu unterstützen. Weitere verbindliche endgültige Vereinbarungen werden für das zweite Quartal 2025 erwartet.
- Strategic partnership secures anchor customer for Monroe's carbon storage facility
- Project involves a significant $1 billion investment from Southern Energy
- Positions DevvStream in Louisiana's growing carbon capture market
- Creates potential revenue stream through carbon credits generation
- Storage site and fuel facility won't be operational until 2027-2028
- Final binding agreements still pending completion in Q2 2025
Insights
DevvStream's 50% stake in Monroe positions it to capture value from billion-dollar clean fuels project through carbon sequestration infrastructure.
This collaboration agreement between Monroe Sequestration Partners and Southern Energy represents a strategic positioning move in the rapidly developing Louisiana carbon capture market. The deal connects DevvStream's carbon management portfolio directly to Southern Energy's proposed
The timeline details are particularly significant: Monroe's Class VI storage site is expected to be operational by 2027, while Southern Energy's biomass-to-fuel facility is targeting production in 2028. This sequencing allows for coordinated development and suggests a well-planned implementation strategy. Class VI wells specifically permit geological sequestration of CO2, representing the highest regulatory category for carbon storage.
The economics of this partnership are multi-layered. Beyond the storage fees Monroe would collect, the agreement aims to generate high-quality carbon credits - which typically command premium pricing compared to standard offset credits. These credits address compliance needs in aviation and maritime transport, sectors facing increasingly stringent decarbonization mandates and limited abatement options.
Louisiana's emergence as a carbon capture hub isn't coincidental - the state offers a unique combination of industrial concentration, geological storage capacity, and policy support. The Gulf Coast's existing pipeline infrastructure and energy expertise provide significant operational advantages for carbon sequestration projects.
What's particularly valuable about this announcement is the planned progression to definitive binding agreements in Q2 2025, indicating this collaboration has advanced beyond conceptual discussions. For DevvStream, which acquired its
DevvStream's October 2024 acquisition of
Calgary, Alberta--(Newsfile Corp. - May 8, 2025) - DevvStream Corp. (NASDAQ: DEVS) ("DevvStream" or the "Company"), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced that Monroe Sequestration Partners ("Monroe"), in which DevvStream acquired a
The Agreement outlines a strategic partnership in which Monroe would provide permanent CO₂ sequestration through its Class VI storage site, expected to be operational in 2027, while Southern Energy would capture emissions from its planned biomass-to-fuel facility, targeting production in 2028. The parties aim to generate high-quality carbon credits and support compliance with global decarbonization mandates in aviation and maritime transport industries. The Company anticipates entering into additional definitive binding agreements reflecting the terms outlined in the Agreement during Q2 of this year.
"Monroe's combination of Class VI storage readiness, local access, and commercial reach positions it among the most advanced carbon storage developers in the country," said Carl Stanton, Chairman of DevvStream. "Louisiana is quickly becoming the carbon capture capital of the U.S., and this agreement underscores Monroe's leadership in delivering durable, monetizable carbon removal solutions."
About Southern Energy's Project
Southern Energy plans to build a biomass-to-fuel facility in Louisiana to produce low-carbon methanol and SAF with an anticipated project cost of approximately
The facility is expected to benefit from Northern Louisiana's location within the Southern Wood Basket—the largest biomass-producing region in North America. According to market studies, the North Louisiana-South Arkansas corridor ranks among the top five U.S. markets for pulpwood and forest residual availability, providing secure, scalable access to sustainably sourced feedstock.
"Southern Energy's platform aligns directly with recent federal initiatives supporting clean energy infrastructure," added Sunny Trinh, CEO of DevvStream. "The combination of permanent sequestration, proven fuel tech, and policy momentum makes this a standout project."
Strategic Importance of Louisiana
Louisiana is emerging as a national hub for carbon capture and storage ("CCS"). As one of only four states with U.S. EPA-approved primacy over Class VI wells, it can independently permit carbon storage projects—potentially cutting years off timelines. According to Bloomberg (April 2025), over a dozen CCS projects are already underway across the state, backed by more than
Recent federal policy changes have the potential to increase this momentum. The current administration's first 100 days brought a sweeping realignment around CCS—executive orders prioritized permitting, expanded 45Q incentives, and encouraged private-sector deployment. Monroe's early position and deep ties in Louisiana provide a unique potential advantage as demand for durable carbon removal grows.
Strategic Implications for DevvStream
For DevvStream, this Agreement has the potential to strengthen its infrastructure-backed carbon credit pipeline and to deepen its exposure to permanent sequestration revenues. As co-owner of Monroe, DevvStream is expected to support project development, credit packaging, and long-term monetization efforts.
This Agreement also reinforces DevvStream's broader investment strategy: leveraging partnerships with industrial emitters to scale environmental asset generation under favorable policy, geographic, and commercial conditions.
About DevvStream
Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. 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 energy transition and carbon markets, 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 or renewable energy generation in exchange for a percentage of generated credits or I-RECs.
For more information, please visit www.devvstream.com.
About Monroe Sequestration Partners
Monroe Sequestration Partners is a carbon storage development platform based in northeast Louisiana, currently developing a Class VI sequestration facility expected to be operational in 2027. The company enables industrial emitters to meet climate targets through permanent carbon removal and credit generation.
About Southern Energy
Based in Wyoming, Southern Energy is developing a
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, or DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, or tax credits each year, or the market growth and value of these markets, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Any agreement described herein is subject to customary conditions and the ongoing performance of project partners, and there can be no assurance that all contemplated environmental assets will be issued or monetized. Moreover, there can be no assurance that any future agreements described herein will be executed.
These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
Contact
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Phone: (408) 365-4348
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251422
FAQ
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When is Southern Energy's biomass-to-fuel facility expected to start production?
