Southern Energy Renewables and Axens Collaborate on Sustainable Aviation Fuel Projects
Southern Energy Renewables has partnered with Axens to develop sustainable aviation fuel projects, starting with a biomass-to-fuel initiative in Louisiana. Southern will manage project development, while Axens will provide technological expertise. The collaboration aims to establish a pathway from regional biomass to low-carbon fuels and includes the introduction of a digital token, $SAF, for tracking production performance.
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Southern Energy Renewables is partnering with Axens to advance sustainable aviation fuel (SAF) projects, focusing initially on a biomass-to-fuel initiative in Louisiana. The memorandum of understanding specifies that Southern will oversee project development, including site development and stakeholder coordination, while Axens will contribute technological expertise, particularly in CO2 capture and SAF production.
The project aims to create a reliable link from local biomass to low-carbon fuels. Southern will also launch a digital token, $SAF, to track production performance, starting with a pilot plant. DevvStream Corp operates within the industrial products sector and has a market capitalization of $3.8 million, facing significant financial challenges, including a negative Altman Z-Score and high operational inefficiencies.
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