DevvStream Signs Term Sheet for Potential Three-Party Merger with Southern and XCF
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DevvStream Corp. has signed a term sheet with Southern Energy Renewables, Inc. and Frontline BioEnergy for a potential three-party merger. This collaboration aims to support Southern's biomass-to-fuels platform in Louisiana and validate pathways for biomass-to-methanol and sustainable aviation fuel production. Frontline will be Southern's exclusive gasification provider for five years, while DevvStream will manage carbon credits for Southern's projects. The partnership seeks to de-risk commercialization efforts for the Louisiana project.
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