Zefiro Lands its First-Ever Methane Monitoring Contract as Part of the EPA's Methane Emissions Reduction Program (MERP)
Zefiro Methane Corp (OTCQB: ZEFIF) has secured its first methane monitoring contract with the West Virginia Department of Environmental Protection, valued at approximately USD $800,000. The project, funded through the EPA's Methane Emissions Reduction Program under the Inflation Reduction Act, involves pre and post-plugging methane quantification and well location identification.
The contract is part of a larger USD $850 million federal grant program specifically designed for reducing, monitoring, and measuring methane emissions in the oil and gas sector. Zefiro will serve as a subcontractor to North Wind Site Services, leveraging its field personnel's expertise who meet DOE National Energy Technology Laboratory standards with minimum 480 hours of field experience.
This strategic expansion into methane monitoring complements Zefiro's existing environmental remediation and carbon offset services, with operations in five states out of twenty-seven that have documented unplugged orphaned oil/gas wells.
Zefiro Methane Corp (OTCQB: ZEFIF) ha ottenuto il suo primo contratto per il monitoraggio del metano con il Dipartimento per la Protezione Ambientale della Virginia Occidentale, del valore di circa 800.000 USD. Il progetto, finanziato tramite il Programma di Riduzione delle Emissioni di Metano dell'EPA ai sensi dell'Inflation Reduction Act, prevede la quantificazione del metano prima e dopo il sigillo e l'identificazione delle posizioni dei pozzi.
Il contratto fa parte di un più ampio programma federale di sovvenzioni da 850 milioni di USD specificamente destinato alla riduzione, al monitoraggio e alla misurazione delle emissioni di metano nel settore del petrolio e del gas. Zefiro opererà come subappaltatore di North Wind Site Services, sfruttando l'esperienza del suo personale sul campo che soddisfa gli standard del DOE National Energy Technology Laboratory con un minimo di 480 ore di esperienza sul campo.
Questa espansione strategica nel monitoraggio del metano integra i servizi ambientali di bonifica e compensazione del carbonio già offerti da Zefiro, con attività in cinque stati su ventisette che hanno documentato pozzi petroliferi/gas abbandonati non sigillati.
Zefiro Methane Corp (OTCQB: ZEFIF) ha asegurado su primer contrato de monitoreo de metano con el Departamento de Protección Ambiental de Virginia Occidental, valorado en aproximadamente 800,000 USD. El proyecto, financiado a través del Programa de Reducción de Emisiones de Metano de la EPA bajo la Ley de Reducción de la Inflación, incluye la cuantificación del metano antes y después del sellado y la identificación de la ubicación de los pozos.
El contrato forma parte de un programa federal de subvenciones de 850 millones de USD diseñado específicamente para reducir, monitorear y medir las emisiones de metano en el sector del petróleo y gas. Zefiro actuará como subcontratista de North Wind Site Services, aprovechando la experiencia de su personal de campo que cumple con los estándares del Laboratorio Nacional de Tecnología Energética del DOE con un mínimo de 480 horas de experiencia en campo.
Esta expansión estratégica en el monitoreo de metano complementa los servicios existentes de remediación ambiental y compensación de carbono de Zefiro, con operaciones en cinco estados de los veintisiete que tienen pozos petroleros/gasíferos huérfanos sin sellar documentados.
Zefiro Methane Corp (OTCQB: ZEFIF)는 약 80만 달러 규모의 웨스트버지니아 환경보호부와 첫 메탄 모니터링 계약을 체결했습니다. 이 프로젝트는 인플레이션 감축법에 따른 EPA의 메탄 배출 저감 프로그램을 통해 자금을 지원받으며, 플러그 설치 전후 메탄 양 측정 및 유정 위치 확인을 포함합니다.
이 계약은 석유 및 가스 부문의 메탄 배출 저감, 모니터링 및 측정을 위해 특별히 설계된 8억 5천만 달러 규모의 연방 보조금 프로그램의 일부입니다. Zefiro는 North Wind Site Services의 하청업체로서, DOE 국립 에너지 기술 연구소 기준을 충족하는 최소 480시간의 현장 경험을 가진 현장 인력을 활용할 예정입니다.
메탄 모니터링 분야로의 전략적 확장은 Zefiro가 이미 운영 중인 환경 복원 및 탄소 상쇄 서비스와 연계되며, 27개 주 중 5개 주
Zefiro Methane Corp (OTCQB : ZEFIF) a obtenu son premier contrat de surveillance du méthane avec le Département de la Protection de l'Environnement de Virginie-Occidentale, d'une valeur d'environ 800 000 USD. Le projet, financé par le programme de réduction des émissions de méthane de l'EPA dans le cadre de la loi sur la réduction de l'inflation, comprend la quantification du méthane avant et après le colmatage ainsi que l'identification des emplacements des puits.
Ce contrat fait partie d'un programme fédéral de subventions de 850 millions USD spécifiquement conçu pour réduire, surveiller et mesurer les émissions de méthane dans le secteur pétrolier et gazier. Zefiro agira en tant que sous-traitant de North Wind Site Services, en s'appuyant sur l'expertise de son personnel de terrain répondant aux normes du DOE National Energy Technology Laboratory avec un minimum de 480 heures d'expérience sur le terrain.
Cette expansion stratégique dans la surveillance du méthane complète les services existants de remédiation environnementale et de compensation carbone de Zefiro, avec des opérations dans cinq États sur vingt-sept où des puits de pétrole/gaz orphelins non colmatés ont été documentés.
Zefiro Methane Corp (OTCQB: ZEFIF) hat seinen ersten Vertrag zur Methanüberwachung mit dem West Virginia Department of Environmental Protection abgeschlossen, mit einem Wert von etwa 800.000 USD. Das Projekt wird durch das Methan-Emissionsminderungsprogramm der EPA im Rahmen des Inflation Reduction Act finanziert und umfasst die Methanquantifizierung vor und nach dem Verschluss sowie die Identifizierung der Bohrstellen.
Der Vertrag ist Teil eines größeren 850 Millionen USD schweren Bundesförderprogramms, das speziell zur Reduzierung, Überwachung und Messung von Methanemissionen im Öl- und Gassektor entwickelt wurde. Zefiro wird als Subunternehmer von North Wind Site Services tätig sein und dabei auf das Fachwissen seiner Mitarbeiter vor Ort zurückgreifen, die die Standards des DOE National Energy Technology Laboratory mit mindestens 480 Stunden Praxiserfahrung erfüllen.
Diese strategische Erweiterung im Bereich der Methanüberwachung ergänzt die bestehenden Umwelt- und Kohlenstoffausgleichsdienste von Zefiro, die in fünf Bundesstaaten von insgesamt siebenundzwanzig tätig sind, in denen dokumentierte unverschlossene verwaiste Öl-/Gasbohrungen vorliegen.
- New USD $800,000 revenue stream from first methane monitoring contract
- Asset-light business model with low CapEx and OpEx, promising high profitability
- Strategic expansion potential into 22 additional states with unplugged wells
- Leverages existing equipment and crew members for operational efficiency
- Access to USD $850 million federal grant program through IRA funding
- Heavy dependence on government funding and programs for revenue
- Limited current market presence in only 5 out of 27 potential states
This program is federally funded under the Inflation Reduction Act ("IRA") which specifically provides USD
Fort Lauderdale, Florida--(Newsfile Corp. - July 28, 2025) - ZEFIRO METHANE CORP. (Cboe CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") is pleased to announce that the Company has been awarded its very first slate of project work that primarily consists of methane monitoring, marking a strategic expansion of Zefiro's business into this rapidly growing category of environmental services. The West Virginia Department of Environmental Protection ("WVDEP") has awarded Zefiro a project consisting of pre-plugging and post-plugging methane quantification, in addition to locating oil/gas wells for the purpose of identifying them as candidates to be plugged. Based on an increased scope of work provided by the WVDEP, Zefiro will realize approximately USD
This project is funded under the Inflation Reduction Act through its Methane Emissions Reduction Program ("MERP"), which provides USD
Please click here for a 2025 infographic from the EPA summarizing the Methane Emissions Reduction Program.
The addition of methane monitoring to Zefiro's core services complements its existing business activities in the areas of environmental remediation and the origination of institutional-grade carbon emission offsets. Zefiro's field personnel meet several key requirements for methane emission measurement work including a minimum 480 hours of field experience in screening, measurement, and quantification in accordance with U.S. DOE National Energy Technology Laboratory (NETL) standards.
Through funding from the Inflation Reduction Act, Zefiro will conduct pre and post-plugging measurements for an allotment of well sites in West Virginia in order to quantify the amount of methane emissions removed from the plugging of each well
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Zefiro Interim Chief Executive Officer Catherine Flax commented, "Methane monitoring is something that we were already doing at Zefiro as part of our due diligence in originating carbon offsets, in order to quantify the amount of emissions that are being abated as the result of a given well remediation project. However, performing methane monitoring as a standalone revenue-generating service unlocks an opportunity for us to drive value from tasks that we would otherwise ordinarily be performing using existing equipment and crew members."
Ms. Flax continued, "What makes methane monitoring especially attractive from a business perspective is that it is asset-light and operationally efficient. To elaborate, there are very low CapEx and OpEx burdens, meaning that this type of work tends to be profitable from the very beginning, and it is highly scalable as more U.S. states begin launching their MERP initiatives using funding from the Inflation Reduction Act. Out of the twenty-seven states which have documented unplugged orphaned oil/gas wells, Zefiro currently has operations in five of these states (Ohio, New York, Pennsylvania, West Virginia, and Oklahoma), which means there is significant upward potential for us to capture business in new markets for methane monitoring as demand for it continues to increase."
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.
Catherine Flax
"Interim Chief Executive Officer"
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "seeks", "believes", "plans", "expects", "intends", "estimates", "anticipates" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company's intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company's partnerships with industry operators, state agencies, and federal governments; the Company's expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company's intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company's expectations to become a growing environmental services company; the Company's ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company's ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company's business and the industry in which the Company operates. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading "Risk Factors". The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company's management to predict all risk factors, nor can the Company assess the impact of all factors on Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
Statement Regarding Third-Party Investor Relations Firms
Disclosures relating to investor relations firms retained by Zefiro Methane Corp. can be found under the Company's profile on SEDAR+ at www.sedarplus.ca/.
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FAQ
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