DevvStream Corp., a leading carbon management and environmental-asset monetization firm, today announced that it has signed a term sheet with Southern Energy Renewables, Inc. (“Southern” or “SER”) and Frontline BioEnergy, a trade name of Frontline Group LLC (“Frontline”), that outlines an expanded collaboration to support the development and de-risking of Southern’s planned biomass-to-fuels and chemicals platform in Louisiana.
The collaboration is designed to accelerate technical validation and commercialization by expanding Frontline’s existing clean-syngas process demonstration unit at its Nevada, Iowa headquarters with two additional pilot-scale capabilities: a syngas-to-methanol process demonstration unit (“MeOH PDU”) and a methanol-to-hydrocarbons process demonstration unit (“MTH PDU”). These units are intended to support the production of bio-methanol and the conversion of methanol into sustainable aviation fuel (“SAF”) and other hydrocarbon products, generating operational data that Southern expects to apply to engineering, feedstock qualification, and project execution for its proposed Louisiana commercial development pathway, as well as to support the transparency of the $SAF token on Solana.
Under the Term Sheet, Southern expects to provide up to $2.05 million 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, Inc. (Nasdaq: SAFX) (“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.
“This collaboration is designed to convert innovation into bankable execution,” said Sunny Trinh, Chief Executive Officer of DevvStream. “By pairing Frontline’s demonstrated gasification and gas-cleanup capabilities with demonstration-scale methanol and methanol-to-jet validation, we believe Southern is building a more disciplined pathway to de-risk engineering, strengthen project economics, and support a credible commercialization timeline. For DevvStream shareholders, our exclusive role in the environmental-asset layer is intended to create an additional, scalable value stream tied to project performance and market demand.”
“This term sheet advances a practical de-risking plan to generate real operating data, validate feedstocks and yields, and move toward definitive commercial agreements with a proven technology partner,” said Jay Patel, Chief Executive Officer of Southern Energy Renewables. “Frontline’s platform and experience, combined with a structured validation program and environmental-attribute strategy, is intended to strengthen our execution profile as we advance our proposed Louisiana development pathway.”
“Frontline was built to solve the hard part of biomass and waste conversion, delivering clean syngas that enables high-value fuels and chemicals,” said Jerod Smeenk, Chief Executive Officer of Frontline BioEnergy. “We’re excited about the possibility of expanding our demonstration capabilities with methanol production and methanol-to-hydrocarbons conversion, and working with Southern and DevvStream on a program intended to produce the data and operational confidence needed for commercial deployment.”
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