DevvStream Corp., a leader in carbon credit project development, has announced a new collaboration with Strategic Environmental & Energy Resources, Inc. (SEER), a provider of environmental services and renewable fuels. The partnership will establish a Carbon Management Program aimed at quantifying and monetizing high-quality carbon credits from SEER’s advanced technologies, primarily in biogas capture.
The program will focus on three main areas—biogas capture, mitigation of fugitive emissions from oil and gas wells, and carbon sequestration through biochar production. It opens the door to the rapidly growing biogas market in the U.S., estimated at $10 billion and expected to exceed $15 billion by 2030. Revenue from carbon credit sales is expected to begin flowing by 2025.
Biogas Industry Expansion Brings New Revenue Streams
DevvStream’s new initiative marks a significant expansion into the biogas sector, which is poised for substantial growth. The company plans to generate revenue through the sale of biochar and technology-based carbon credits. By leveraging SEER’s patented technologies, including its Variable Volume Vapor Recovery Unit (V3RU) and biogas conditioning system (BCS), the partnership aims to produce renewable energy while reducing emissions in the oil, gas, and landfill industries.
The biogas sector plays a key role in the renewable natural gas (RNG) market, where SEER’s MV Technologies subsidiary already operates over 150 installations across North America. With major utility companies and agricultural firms as clients, SEER’s technologies are well-positioned to make a meaningful impact on both decarbonization efforts and the generation of high-quality carbon credits.
SEER’s Global Decarbonization Efforts and Market Impact
The Carbon Management Program will also build on SEER’s successful international initiatives, including its involvement in Saudi Arabia’s Green Riyadh project. This urban afforestation project is one of the largest of its kind in the world and forms part of Saudi Arabia’s broader commitment to environmental sustainability. SEER is also contributing to the circular carbon economy in the Kingdom through its collaboration with Eco Tadweer, an initiative focused on waste-to-value strategies.
“SEER has developed a world-class customer base through its advanced decarbonization technologies,” said Sunny Trinh, CEO of DevvStream. “Their proven success and established relationships in the field provide us with an immediate opportunity to generate and monetize high-quality carbon credits on a large scale. This partnership will drive measurable environmental benefits and strong financial results for all stakeholders involved.”
Strengthening Decarbonization with Strategic Partnerships
The collaboration with DevvStream is seen as a significant step forward for SEER’s decarbonization strategy. “Our partnership with DevvStream perfectly complements our growth plans and technology offerings,” said John Combs, CEO of SEER. “This program will allow us to expand the deployment of the V3RU system, quantify its environmental impact, and unlock valuable carbon credit opportunities for the biogas and RNG sectors.”
Areej Alturki, President of Eco Tadweer, added that the program will enhance the environmental and financial success of the company’s efforts in Saudi Arabia. “We are committed to scaling biocarbon production and enhancing our decarbonization programs to maximize the monetization of carbon credits,” Alturki said. “Working with SEER and DevvStream will create significant value for our stakeholders in the Kingdom.”
DevvStream’s Carbon Market Approach
DevvStream, founded in 2021, is a leading player in the technology-driven carbon credit market. The company focuses on aligning sustainability with profitability, helping organizations meet their climate goals while improving financial performance. DevvStream’s operations are divided into three strategic domains: carbon credit sales, project investments and acquisitions, and project development.
Through these efforts, DevvStream aims to become a full end-to-end solutions provider for carbon credits, serving both corporate and government clients seeking to offset hard-to-reduce emissions.
