DevvStream, Southern, and Frontline BioEnergy to Advance Biomass-to-Jet Development and Environmental-Asset Monetization

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• This term sheet advances a practical de-risking plan to generate real operating data, validate feedstocks and yields, and move toward definitive commercial agreements with a proven technology partner. Frontline's platform and experience, combined with a structured validation program and environmental-attribute strategy, is intended to strengthen execution profile for the proposed Louisiana development pathway

  80% confidence

• This collaboration is designed to convert innovation into bankable execution. By pairing Frontline's demonstrated gasification and gas-cleanup capabilities with demonstration-scale methanol and methanol-to-jet validation, Southern is building a more disciplined pathway to de-risk engineering, strengthen project economics, and support a credible commercialization timeline

  80% confidence

• If the three parties are able to successfully negotiate definitive agreements, DevvStream believes the Frontline pilot-scale program can help validate Southern's biomass-to-methanol and methanol-to-jet pathways, complement XCF's downstream SAF production capabilities, and further de-risk commercialization for the proposed Louisiana development pathway

  80% confidence

• Frontline was built to solve the hard part of biomass and waste conversion, delivering clean syngas that enables high-value fuels and chemicals. The company is excited about expanding demonstration capabilities with methanol production and methanol-to-hydrocarbons conversion to produce data and operational confidence needed for commercial deployment

  80% confidence

• For DevvStream shareholders, the exclusive role in the environmental-asset layer is intended to create an additional, scalable value stream tied to project performance and market demand

  80% confidence

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