DevvStream, a leading firm specializing in the co-development and generation of carbon credit projects through technology-driven solutions, and Strategic Environmental & Energy Resources, Inc. (SEER), a prominent provider of environmental services, renewable fuels, and industrial waste management, today announced the launch of a Carbon Management Program (the “Program”). The initiative aims to quantify and monetize high-quality carbon credits derived from SEER’s innovative technologies and projects, with a primary focus on biogas capture. This entry into the biogas sector opens up access to a projected $10 billion market in the United States, which is expected to exceed $15 billion by 2030. The Program represents a significant development within DevvStream’s three-tiered corporate strategy and is anticipated to start generating revenue in 2025 through the sale of biochar and technology-based carbon credits. DevvStream will retain a portion of the revenue from the credits it generates and sells.
The Program will concentrate on three key areas:
1. Biogas Capture and Conditioning** – Producing renewable methane energy through advanced, proprietary biogas capture and treatment.
2. Mitigation of Fugitive Emissions** – Reducing harmful emissions from small vertical oil and gas wells using SEER’s patented technologies.
3. Carbon Sequestration** – Establishing biocarbon production facilities in Texas and Saudi Arabia to effectively capture and sequester CO2. Biochar credits are currently valued at over $125, according to market participants.
SEER’s subsidiary, MV Technologies, LLC (“MV”), deploys two main decarbonization technologies: (a) the patented Variable Volume Vapor Recovery Unit (“V3RU”) for vapor recovery in oil fields, and (b) a proprietary biogas conditioning system (“BCS”). MV has successfully installed over 150 BCS solutions across North America at renewable natural gas and landfill sites, serving some of the largest utility companies, food processors, brewers, landfills, and agricultural firms.
The Program also builds upon SEER’s successful initiatives in Saudi Arabia, including its involvement in the Green Riyadh project, one of the world’s largest urban afforestation projects. SEER is also active with Eco Tadweer, an initiative led by the Saudi Economic Cooperation Organization that focuses on national and global environmental sustainability efforts, particularly applying a circular carbon economy approach as promoted by the Saudi Investment Recycling Company.
“SEER has built and maintained a world-class customer base by deploying advanced decarbonization technologies,” said Sunny Trinh, CEO of DevvStream. “The trust SEER has earned through proven success provides a unique opportunity to create and monetize high-quality carbon credits on a large scale. The Program allows us to deliver measurable environmental benefits and generate substantial financial returns for our shareholders in both the short and long term.”
“SEER’s innovative technologies are an ideal complement to DevvStream’s growth strategy,” said John Combs, CEO of SEER. “The Program enables us to expand the deployment of the V3RU system, measure its environmental impact, and unlock valuable carbon credit opportunities in the biogas and RNG sectors. This partnership with DevvStream marks a key milestone in SEER’s ongoing commitment to decarbonization and the creation of value for our stakeholders.”
“The Program developed by SEER and DevvStream will enhance the ongoing environmental and financial success of Eco Tadweer in the Kingdom,” said Areej Alturki, President of Eco Tadweer. “As we scale biocarbon production and further our decarbonization efforts, we are committed to maximizing the monetization of carbon credits and look forward to collaborating with SEER and DevvStream to create maximum value for our stakeholders in Saudi Arabia.”
Founded in 2021, DevvStream is a leading authority in technology-driven carbon project development. The company’s mission is to align sustainability with profitability, helping organizations achieve their climate goals while improving their financial health.
DevvStream operates across three key areas within the carbon market: (1) an offset portfolio offering nature-based, technology-based, and carbon sequestration credits for immediate sale to corporations and governments aiming to offset their most challenging emissions; (2) project investment, acquisitions, and industry consolidation to extend the company’s reach and become a comprehensive end-to-end solutions provider; and (3) project development, where DevvStream manages eligible activities such as EV charging and receives a percentage of the carbon credits generated.
For detailed information and further insights, please refer to BioEnergyTimes.com, which provides the latest news about the Biogas IndustryÂ
