DevvStream, Southern Energy Renewables team up to develop SAF

Carbon management firm DevvStream and fuels producer Southern Energy Renewables have announced a business combination agreement to utilise regional wood-waste biomass to produce sustainable aviation fuel at scale.

“Aviation and maritime operators are facing some of the most ambitious decarbonization mandates globally, and most of them want to comply,” said Carl Stanton, chairman of DevvStream.

The definitive agreement will see the two companies combine under a new US-domiciled, Nasdaq-listed company, following customary closing conditions.

The combined entity is expected to have two divisions: one focused on climate solutions that generate environmental assets, and one centred on clean fuels and products, with a n initial focus on a previously announced Southern Energy Renewables Louisiana biomass‑to‑fuel facility.

The new platform’s anticipated SAF pathway, combined with DevvStream’s environmental‑asset capabilities, is aimed at reducing the cost burden that slows alternative fuel adoption today.

The newly-formed company aims to utilise federal incentives early while targeting cost‑competitiveness even without these incentives, supported by various co‑products produced during the SAF process.

The company also plans to leverage early airline offtaker engagement.

For investors, this reframes DevvStream from a micro‑cap services profile to a financeable, industrial fuels and credits business with long‑duration revenue potential and scalability.