Strategic Environmental & Energy Resources, Inc. (SEER), a provider of environmental, renewable fuels and industrial waste stream management services, has partnered with DevvStream, Inc., an emerging leader in carbon credit investing and monetization (https://www.devvstream.com/). Together, SEER and DevvStream, intend to develop a comprehensive program to quantify and monetize high-quality carbon credits arising out of 1) biogas capture and conditioning associated with generating methane renewable energy, 2) the prevention of harmful fugitive emissions from small, vertical oil & gas wells, and 3) the sequestration of CO2 at SEER’s planned “biocarbon” production facilities in Texas and Saudi Arabia.
“DevvStream is emerging as one of the international leaders in the carbon credit industry with customers and projects worldwide and SEER has technologies and opportunities that fit well into DevvStream’s growth objectives,” said John Combs, SEER’s CEO.
“The carbon credit market is already a trillion-dollar market and is expected to more than double by 2028,” said Sunny Trinh, DevvStream’s CEO. “DevvStream is committed to rapidly increasing its stakeholder value by aggressively pursuing market share in this exploding market space. After assessing SEER’s technologies and its impressive customer base, including some of the world’s largest food, beverage and agriculture companies, it became clear that leveraging SEER’s technologies is an immediate way to harvest and monetize high-quality carbon credits for the mutual benefit of the companies and their shareholders,” said Trinh.
“SEER’s wholly-owned affiliate, MV Technologies, has two primary opportunities to decarbonize and generate valuable carbon credits,” said Combs. MV has its patented V3RU oil field technology and its proprietary and proven biogas conditioning solution. SEER’s wholly owned MV affiliate has more than 150 of its gas treatment and odor control systems installed at refineries and biogas facilities throughout North America with some of the world’s largest energy and utility companies, as well as food processors, brewers, landfills, and food, beverage and agriculture industries. “We believe there is a tremendous initial opportunity for SEER and DevvStream to partner for the benefit of SEER’s customers to harvest and sell fully-insured carbon credits that are created in and around the biogas and RNG industry,” said Combs. “We have been focused on decarbonization technologies and opportunities for SEER and, after multiple conferences and strategic planning sessions with DevvStream management, it was a logical next step to partner with them to assess our existing opportunities to harvest and monetize carbon credits arising out of the renewable biogas market and the capture and conditioning of methane in the oil fields,” Combs added.
“After discussions with the DevvStream team, it became clear that another possible source for decarbonization and generation of carbon credits arises from our patented V3RU oil field technology. This variable volume vapor recovery unit can be placed at any number of the thousands of smaller vertical gas and oil wells throughout the US to prevent the emissions of harmful fugitive greenhouse gases into the atmosphere. Working with DevvStream and having access to its customers and decarbonization projects, we are better positioned to place our V3RU technology, quantify the beneficial impact of the solution, and, ultimately, generate valuable carbon credits that can be monetized for the benefit of all parties.” said Combs.
“Finally, having achieved remarkable initial success with our Saudi partner, Eco Tadweer, and impressive results with our early city park planting and grow studies as part of the Green Riyadh initiative (https://www.rcrc.gov.sa/en/projects/green-riyadh-project), SEER and DevvStream are confident we can expand our collective participation in these projects to include more effective generation and monetization of high-value carbon credits to enhance the already enormous environmental impact of the Kingdom’s efforts to decarbonize the planet,” said Combs.
“Eco Tadweer is excited about SEER and DevvStream working together,” said Areej Alturki, President of Eco Tadweer. “Their partnership will add to the ongoing success, both environmentally and financially, that Eco Tadweer is achieving here in the Kingdom. As we move forward with our plans to produce the highest quality biocarbon here in Saudi Arabia, we will be committed to maximizing the monetization of the insured carbon credits and look forward to working with our partner, SEER, and DevvStream to achieve maximum value for all our Saudi stakeholders,” concluded Alturki.
