Business
DevvStream and Southern Energy Renewables Announce Business Combination Targeting Low-Cost Production of Carbon-Negative SAF and Green Methanol
SACRAMENTO, Calif. & NEW ORLEANS, December 03, 2025--DevvStream Corp. (Nasdaq: DEVS) ("DevvStream"), a leading carbon management and environmental-asset monetization firm, and Southern Energy Renewables Inc. ("Southern"), a U.S.-based producer of low-cost fuels made from biomass, with a flagship Louisiana project that plans to utilize regional wood-waste biomass to deliver green methanol and carbon-negative sustainable aviation fuel ("SAF") at scale, today announced that they have entered into a
About this update from Southern Company (the)
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/39b38c38c3ae2cdf0d6393b1ee8a3164"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7ZsmRiTI9q9XIuGN3hw6MQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/39b38c38c3ae2cdf0d6393b1ee8a3164","width":480,"height":480}},"lazy":false},{"type":"text","content":"Combination integrates carbon-credit origination expertise with U.S.-produced, lower-cost carbon-negative fuels to meet growing global demand","length":141,"tagName":"p","attribs":{}},{"type":"text","content":"Southern secures a $402 million bond allocation from the Louisiana Community Development Authority in support of its flagship biomass-to-fuel facility","length":150,"tagName":"p","attribs":{}},{"type":"text","content":"Southern makes initial PIPE Investment in DevvStream of approximately $2.0 million at $15.58 per share","length":102,"tagName":"p","attribs":{}},{"type":"text","content":"SACRAMENTO, Calif. & NEW ORLEANS, December 03, 2025--(BUSINESS WIRE)--DevvStream Corp. (Nasdaq: DEVS) ("DevvStream"), a leading carbon management and environmental-asset monetization firm, and Southern Energy Renewables Inc. ("Southern"), a U.S.-based producer of low-cost fuels made from biomass, with a flagship Louisiana project that plans to utilize regional wood-waste biomass to deliver green methanol and carbon-negative sustainable aviation fuel ("SAF") at scale, today announced that they have entered into a definitive agreement to combine under a new U.S.-domiciled, Nasdaq-listed company, following customary closing conditions.","length":674,"tagName":"p"},{"type":"text","content":"The new company plans to help aviation and maritime operators meet tightening global mandates from regulations such as ReFuelEU and organizations such as the International Maritime Organization ("IMO") by creating a U.S.–built, integrated clean‑fuels platform anchored in Louisiana, using domestic feedstock and workforce to produce carbon‑negative SAF and green methanol at commercial scale. Operationally, the combined company is expected to have two divisions: one focused on climate solutions that generate environmental...