Strategic Environmental & Energy Resources Inc. (SEER) (OTCQB: SENR) has partnered with DevvStream Inc. (NASDAQ: DEVS) to develop a program aimed at quantifying and monetizing carbon credits. The focus will be on carbon credits generated from biogas capture for renewable energy, reducing fugitive emissions from oil and gas wells, and CO2 sequestration at SEER’s planned biocarbon production facilities in Texas and Saudi Arabia.
SEER is committed to an aggressive decarbonization strategy and carbon credit monetization through its MV Technology solutions and planned biocarbon production facilities. “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.
Sunny Trinh, DevvStream’s CEO, noted, “The carbon credit market is already a trillion-dollar market and is expected to more than double by 2028. DevvStream is committed to rapidly increasing its stakeholder value by aggressively pursuing market share in this exploding market space.”
Combs highlighted that SEER’s MV Technologies has two primary opportunities to decarbonize: its patented V3RU oil field technology and its proprietary biogas conditioning solution. MV has over 150 gas treatment and odor control systems in operation at various facilities across North America, serving large energy and utility companies, and industries including food and beverage.
SEER focuses on commercializing patented technologies in various sectors, including oil and gas, renewable fuels and waste management, to reduce hazardous waste streams and promote renewable fuel usage. Sacramento, Calif.-based DevvStream’s main focus is using technology in carbon project development.