Zefiro Methane Corp. Subsidiary Awarded Slate of Government of Ohio-Funded Environmental Remediation Projects

The new projects are the latest in a series of recent public and private sector partnerships that have established Zefiro as one of North America’s leading methane abatement service providers. In 2023 alone, Zefiro remediated 200 methane well sources, ultimately eliminating approximately 100,000 tons of CO2 equivalent.

FORT LAUDERDALE, Fla., Jan. 14, 2025 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced that the Company’s subsidiary Plants & Goodwin (“P&G”) has been awarded eight projects by the state government of Ohio. Specifically, the scope of work includes Zefiro’s team of environmental remediation specialists plugging 50 oil and gas wells located across the state to mitigate an array of potential public health threats.

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The effort to seal these potentially noxious sites has been led by Zefiro Senior Vice President of Business Development Luke Plants. P&G crews have already plugged 20% of the sites that comprise this initiative and currently have four full-sized rigs deployed in communities throughout Ohio to help remediate the project’s remaining wells.

According to the latest expert estimates, there are millions of unplugged oil and gas wells spread throughout the U.S. that have the potential to leak methane gas that can be 25 to 84 times as potent as carbon dioxide emissions in terms of trapping heat in the atmosphere. While these projections include the approximately 19,000 orphan wells that have been officially identified by the Ohio Department of Natural Resources (“ODNR”), they also account for the significant number of unknown sites that the ODNR has acknowledged exist throughout the state. The ODNR has also stated that the agency has potential access to USD $634 million in funding to plug orphaned and abandoned wells through 2035, assuming that U.S. federal government and state of Ohio resource allocation levels remain stable.

ZEFIRO METHANE CORP.

Pictured above: Zefiro Methane Corp. on-site at an active plugging operation.

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Zefiro Founder and Chief Executive Officer Dr. Talal Debs commented, “From the plains of Oklahoma to the forests of Appalachia, Zefiro’s team of environmental remediation specialists has been tasked by an expanding collection of public and private sector clients with eliminating tens of thousands of tons’ worth of potentially toxic methane emissions. The unique level of resources and institutional knowledge that we have directed toward this latest assignment is indicative of our ambitious operational expansion efforts, and we are grateful to our partners at the ODNR for entrusting our expert crews with helping more communities reclaim critical air, water, and land resources.”

Zefiro Senior Vice President of Business Development Luke Plants commented, “Whether it’s site identification, gas leak testing, or well plugging operations, the demand for Zefiro’s industry-leading suite of methane abatement services and technologies continues to increase across a diverse collection of key marketplaces. Our team is highly capable, field-tested, and increasingly eager to help more communities take on this legacy issue, and we will keep working alongside our colleagues at the ODNR until the job is done.”

Zefiro’s ongoing work in Ohio is the latest in a series of commercial initiatives that the Company has undertaken to expand its operational footprint across North America. This includes opening a new operations facility in West Virginia, completing strategic acquisitions of Ohio and Pennsylvania-based entities that bolster the Company’s client service capabilities, and working with numerous government partners throughout the continent, including the U.S. National Park Service, the State of New York, the Commonwealth of Pennsylvania, and the Province of Alberta, on numerous landmark well remediation initiatives.

Reporters/Media

For any questions or to arrange an interview with Dr. Debs or Mr. Plants, please contact Rich Myers of Profile Advisors (New York City) by email at [email protected] or by telephone at +1 (347) 774-1125.

About Zefiro Methane Corp.

Zefiro is an environmental services company specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.

On behalf of the Board of Directors of the Company,

ZEFIRO METHANE CORP.“Talal Debs”Talal Debs, Founder & CEO