Zefiro Subsidiary Awarded USD $19.6 Million Plugging & Abandonment Management Contract from the Ohio Department of Natural Resources

Core Viewpoint - Zefiro Methane Corp. has secured a significant contract worth USD 19.6 million for environmental remediation projects aimed at reducing methane emissions from marginal oil and gas wells in Ohio, which is expected to enhance the company's operational and financial performance [2][6]. Group 1: Contract Details - Zefiro's subsidiary, Plants & Goodwin, Inc. (P&G), has been selected as the prime contractor for a three-year Construction Manager at Risk (CMAR) contract administered by the Ohio Department of Natural Resources (ODNR) [2][5]. - The contract will involve managing the plugging and abandonment activities for approximately 200 high-priority marginal wells throughout Ohio [3][5]. - The project is funded through a federal grant program specifically aimed at reducing methane emissions from these wells [2][3]. Group 2: Business Impact - This contract represents a significant business opportunity for Zefiro and is anticipated to have a material effect on the company's operations and financial results [6]. - The project is expected to create long-term jobs in Ohio while addressing environmental damage caused by methane emissions [7]. - Zefiro aims to leverage its existing assets and workforce in Ohio to optimize the project's execution [7]. Group 3: Company Overview - Zefiro Methane Corp. specializes in environmental services focused on methane abatement and aims to be a key player in the Active Sustainability movement [7]. - The company is building a comprehensive operational framework to address methane leaks and generate economic, environmental, and social returns [7].