Strategic Environmental & Energy Resources, Inc. (SEER)
(OTCQB: SENR), 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/) (NASDAQ: DEVS).
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.
________________________________
About Strategic Environmental &
Energy Resources, Inc.
Strategic Environmental & Energy Resources,
Inc. (SEER) (OTCQB: SENR), identifies, secures, and commercializes
patented and proprietary environmental clean technologies in
several multibillion-dollar sectors (including oil & gas,
renewable fuels, and all types of waste management, both solid and
gaseous) for the purpose of either destroying/minimizing hazardous
waste streams more safely and at lower cost than any competitive
alternative, and/or processing the waste for use as a renewable
fuel for the benefit of the customers and the environment. SEER has
two wholly-owned operating subsidiaries: MV Technologies, LLC and
SEER Environmental Materials, LLC; and two majority-owned
subsidiaries: Paragon Waste Solutions, LLC; and PelleChar, LLC. For
more information about the Company visit: www.seer-corp.com.
About DevvStream
Founded in 2021, DevvStream is a leading
authority in the use of technology in carbon project development.
The Company's mission is to create alignment between sustainability
and profitability, helping organizations achieve their climate
initiatives while directly improving their financial health.
With a diverse approach to the carbon market,
DevvStream operates across three strategic domains: (1) an offset
portfolio consisting of nature-based, tech-based, and carbon
sequestration credits for immediate sale to corporations and
governments seeking to offset their most difficult-to-reduce
emissions; (2) project investment, acquisitions, and industry
consolidation to extend the company’s reach, allowing it to become
a full end-to-end solutions provider; and (3) project development,
where the company serves as project manager for eligible activities
such as EV charging in exchange for a percentage of generated
credits.
For more information, please visit
www.devvstream.com
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of various provisions of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, commonly identified by such terms as "believes," "looking
ahead," "anticipates," "estimates," and other terms with similar
meaning. Although the company believes that the assumptions upon
which its forward-looking statements are based are reasonable, it
can give no assurance that these assumptions will prove to be
correct. Such forward-looking statements should not be construed as
fact. Statements in this press release regarding future performance
or fiscal projections, the cost-effectiveness, impact, and ability
of the Company's products to handle the future needs of customers
are forward-looking statements. The information contained in such
statements is beyond the ability of the Company to control, and in
many cases the Company cannot predict what factors would cause
results to differ materially from those indicated in such
statements. All forward-looking statements in the press release are
expressly qualified by these cautionary statements and by reference
to the underlying assumptions.
Contact Information:ir@seer-corp.com
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