DevvStream acquires streaming rights for carbon credits generated by VRM Biologik and will provide carbon credit management services
Vancouver, British Columbia–(Newsfile Corp. – March 13, 2023) – DevvStream Holdings Inc. (NEO: DESG) (“DevvStream” or the “Company“), a leading carbon credit investment firm specializing in technology solutions, today announced an exclusive carbon credits management agreement with VRM Biologik, a leading soil restoration technology company whose proprietary products regenerate farmlands by stimulating Biological Hydrosynthesis – a natural reaction that captures atmospheric carbon and results in the manufacture of additional water – in depleted and arid soils. The patented process occurs via the conversion of organic waste into high-value agricultural inputs without wholesale carbon emissions. These inputs are subsequently used to catalyze natural reactions in soil that capture atmospheric carbon and produce moisture independent of rainfall, allowing stakeholders to reduce carbon emissions significantly. Under the agreement, DevvStream acquires exclusive rights and title to carbon credits resulting from projects developed by VRM Biologik, and will additionally manage the creation, validation, certification, registration, storage, security and liquidation of project credits.
Highlights
- DevvStream acquires exclusive carbon streaming rights
- DevvStream will serve as carbon credit manager for VRM Biologik’s projects
- Regenerative agriculture could result in the capture and storage of up to 250 million metric tons of carbon dioxide in the U.S. annually
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