Louisiana Community Development Authority Authorizes up to $402 Million in Revenue Bonds for Southern Energy Renewables’ Louisiana Fuel Project
DevvStream Corp. (DEVS)
Company Research
Source: Business Wire
Step strengthens Louisiana’s role in U.S. energy leadership and advances project finance process for biomass-to-fuel facility SACRAMENTO, Calif. & NEW ORLEANS--(BUSINESS WIRE)--DevvStream Corp. (Nasdaq: DEVS) (“DevvStream”), a leading carbon management and environmental-asset monetization firm, and 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 announced that the Louisiana Community Development Authority (“LCDA”) has approved a resolution authorizing the issuance, subject to further approvals, of up to $402 million of Louisiana Local Government Environmental Facilities and Community Development Authority Revenue Bonds in support of Southern’s planned biomass-to-fuel facility in Louisiana.The facility is designed to use regional wood-waste biomass a
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