Zefiro Lands its First-Ever Methane Monitoring Contract as Part of the EPA's Methane Emissions Reduction Program (MERP)This program is federally funded under the Inflation Reduction Act ("IRA") which specifically provides USD $850 million in grants to reduce, monitor, measure, and quantify methane emissions from the oil and gas sector. The contract recently awarded to Zefiro by the West Virginia Department of Environmental Protection was expanded beyond its initial scope, and will earn Zefiro ...

Earlier this month, the Company announced that the Ohio Department of Natural Resources awarded Zefiro subsidiary Plants & Goodwin a three-year Construction Manager at Risk contract totalling USD $19.6 million. The same department has awarded Plants & Goodwin the “Belmont 6” project, which involves decommissioning and environmental remediation of four orphaned oil and gas wells in Belmont County (near the Ohio/Pennsylvania state line) with a total project value of USD $420,784.45. FORT LAUDERDALE, Fla., Jun ...

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].

Core Viewpoint - Zefiro Methane Corp. has appointed Catherine Flax as Interim Chief Executive Officer, bringing extensive experience in investment banking and a commitment to leading the company in the evolving energy sector [2][5][6]. Company Overview - Zefiro Methane Corp. specializes in methane abatement and aims to be a significant player in the Active Sustainability movement, focusing on cleaning up air, land, and water sources affected by methane leaks [9]. - The company is recognized as North America's largest single plugger of wells and an originator of high-quality carbon offsets [1]. Leadership Background - Catherine Flax has a notable background, having served as Head of Commodity Derivatives (Americas) at BNP Paribas and CEO of Commodities EMEA at J.P. Morgan. She was named the Most Influential Woman in European Investment Banking in 2012 [3]. - Flax is also involved with the Securities Industry and Financial Markets Association (SIFMA) and serves on the board of the Independent System Operator for the New England Transmission grid [3]. Recent Activities - In 2025, Flax has been active in promoting Zefiro's initiatives, including speaking engagements and media appearances related to investment in alternative energy sources [4]. - The appointment of Flax follows the departure of Talal Debs, the previous CEO, who was recognized for his contributions as the company's founder [5]. Strategic Vision - Flax expressed a commitment to leading Zefiro through a period of growth and opportunity in the U.S. energy and resource sectors, emphasizing the company's readiness to adapt to technological and regulatory changes [6]. - The company aims to build the largest oilfield decommissioning business in North America while producing high-quality carbon offsets in the voluntary market [8].

Core Insights - Zefiro Methane Corp. has launched the Zefiro Lifecycle Solution (ZLS), which utilizes artificial intelligence for advanced modeling and analytics related to methane leak measurement and environmental attributes [1][3] - The ZLS platform aims to enhance transparency and visibility for stakeholders, including clients and government agencies, by providing a user-friendly dashboard [1][3] - The company has published a whitepaper detailing the ZLS platform, its components, and its alignment with market needs in sectors such as resources, energy, and commercial banking [3][4] 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 [8][9] - The company is building a comprehensive toolkit to address methane leaks and their impact on air, land, and water sources [8] - Zefiro's business model includes the scalable aggregation, verification, standardization, and delivery of environmental data for carbon credit issuance [4] Leadership and Expertise - Richard Walker, the Chief Technology Officer and Head of Environmental Markets Operations, authored the ZLS whitepaper and has over 30 years of experience in enterprise technology strategy [5][7] - Walker's background includes senior leadership roles at Bain & Company, Deloitte, IBM, and BearingPoint, contributing to Zefiro's competitive advantages [5][7] Collaboration and Partnerships - Zefiro has collaborated with entities such as CarbonAi, Keynum, and Geolabe to enhance the capabilities of the ZLS platform [4] - The company is focused on building partnerships with industry operators, state agencies, and federal governments to further its environmental initiatives [10]

FORT LAUDERDALE, Fla., May 14, 2025 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB US: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced the Company’s consolidated financial results for the fiscal quarter that ended March 31, 2025 (“fiscal quarter 3”). Zefiro also today announced that it has received a Notice of Failure to Pay in connection with a $2 million promissory note ("Note"), created in conjunction with the May 12, 2023, acquisition of Plants and Goodw ...

Core Viewpoint - Zefiro Methane Corp. has secured multiple new contracts for environmental remediation services, particularly in oil and gas well plugging, indicating a growing demand for its services in key markets across the United States [1][6]. Group 1: New Contracts and Projects - Zefiro's subsidiary, Plants & Goodwin, Inc. (P&G), has obtained contracts from the Ohio government for ten wells in Ashtabula County, under the Ohio Department of Natural Resources [1]. - In January, P&G was awarded eight state-funded well remediation projects in Ohio, involving a total of 50 oil and gas wells, with 28 already plugged [1]. - P&G has also secured environmental remediation contracts in Pennsylvania, including a new account, to plug 15 oil and gas wells [2]. Group 2: Recent Achievements - P&G recently completed a package of Pennsylvania-funded oil and gas well remediation projects, plugging 18 wells in Clarion County, including a site that was releasing toxins into a water supply, costing nearly $500,000 to remediate [3]. - Zefiro continues to perform remediation work across the Appalachian region, addressing the issue of unplugged oil and gas wells that may emit methane [5]. Group 3: Company Strategy and Market Position - The CEO of Zefiro highlighted the increasing demand for the company's environmental remediation services and the expansion of its client base across Appalachia [6]. - Zefiro aims to provide innovative, market-based solutions to tackle public health issues related to methane emissions from oil and gas wells [6]. - The company is focused on building a fully integrated operation to address methane leaks and generate long-term economic, environmental, and social returns [8].