Southern Energy Renewables and Axens Sign Memorandum of Understanding to Advance SAF Projects in Louisiana and Beyond

(Axens) Global technology licensor to provide complete SAF and CO₂ capture suite; collaboration supports development roadmap for Southern Energy Renewables

Southern Energy Renewables Inc. ("Southern"), a U.S.-based producer of low-cost fuels made from biomass, with a flagship Louisiana project that plans to utilize regional wood-waste biomass to deliver green methanol and carbon-negative sustainable aviation fuel ("SAF") at scale, today (April 7, 2026) announced that Southern and Axens have signed a memorandum of understanding ("MoU") to collaborate on the development of sustainable aviation fuel ("SAF") and related fuel projects, with an initial focus on Southern's planned biomass to fuel facility in Louisiana.

Axens is a global provider of process technologies, equipment, catalysts, and services for the conversion of oil and biomass into cleaner fuels, renewable fuels and bio based chemicals, natural gas treatment, and carbon capture solutions. The company's portfolio includes more than 3,000 industrial units under license worldwide and a full suite of solutions from feasibility studies through unit start up and lifecycle support.

Under the MoU, Southern is responsible for leading overall project development, including site work, permitting, feedstock and offtake engagement, and coordination with local stakeholders. Axens is slated to serve as licensor of record for key technologies across the value chain, including CO₂ capture and conditioning and SAF production technologies, with the goal of advancing a de risked, bankable pathway from regional biomass to low carbon fuels. The parties expect to focus first on the Louisiana facility, then evaluate additional opportunities in other regions as appropriate.

In parallel with the Axens collaboration, Southern has created an experimental digital token referred to as "$SAF." The current concept is to use $SAF over time as a data layer that helps track and visualize production from Southern's facilities, starting with limited use at the pilot plant and, subject to further development and approvals, extending to the flagship Louisiana project. The framework is intended to link token issuance and retirement to measured output and associated operational data, with the goal of improving traceability around SAF production and providing an additional lens on process performance and optimization, without changing how the underlying fuels are produced, sold, or accounted for.

About DevvStream
DevvStream (Nasdaq: DEVS) is a carbon management company focused on the development, investment, and sale of environmental assets worldwide, including carbon credits and renewable energy certificates. Visit devvstream.com for more information.

About Southern Energy Renewables
Southern Energy Renewables Inc. is a U.S.-based clean fuels, chemicals and products developer focused on advancing large-scale biomass-to-fuels projects. These projects are designed to produce carbon-negative SAF and green methanol, supported by integrated carbon capture and sequestration.
Visit southernenergyrenew.com for more information.

About Axens
The Axens Group (www.axens.net) offers a complete range of solutions for the conversion of oil and biomass into cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics, natural gas treatment and conversion options, water treatment and carbon capture. Their offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility studies to start-up and monitoring of units throughout their lifecycle. This unique position guarantees optimum performance and a reduced environmental footprint. Axens' international offering is based on highly qualified human resources, modern production facilities and an extensive global network for industrial, technical support and sales services. Axens is an IFP Energies Nouvelles Group company. READ MORE