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Zefiro Methane Corp
Symbol ZEFI
Shares Issued 75,026,450
Close 2025-02-28 C$ 0.50
Market Cap C$ 37,513,225
Recent Sedar Documents

Zefiro receives contracts from government of Ohio

2025-05-02 17:10 ET - News Release

Mr. Talal Debs reports

ZEFIRO METHANE CORP. SUBSIDIARY SECURES ADDITIONAL PLUGGING CONTRACTS FROM STATE GOVERNMENT OF OHIO

Zefiro Methane Corp.'s subsidiary Plants & Goodwin Inc. has recently secured a collection of new contracts from the state government of Ohio. Specifically, these contracts include 10 wells located in the Ashtabula county and are under the purview of the Ohio Department of Natural Resources. This past January, ODNR also awarded P&G eight state-financed well remediation projects consisting of 50 oil and gas wells, of which 28 have already been plugged.

In addition to these newly awarded, publicly financed projects, P&G recently secured environmental remediation contracts in Pennsylvania with two private-sector clients, one of which is a brand new account for P&G. These efforts will consist of P&G's expert environmental remediation crews plugging 15 oil and gas wells in the commonwealth.

These projects are the latest in a series of notable oil and gas well plugging contracts that the Zefiro family of companies has earned. Last month, Zefiro announced that P&G completed a package of commonwealth of Pennsylvania-financed oil and gas well remediation projects (18 wells in total) in Clarion county, Pennsylvania, including one site that was releasing toxins into a resident's water supply and cost nearly $500,000 to plug.

Zefiro founder and chief executive officer Talal Debs commented: "Now more than ever, the demand for Zefiro's industry-leading environmental remediation services is increasing in key markets across the United States. As our expert crews prepare for what is traditionally the busiest season for oil and gas well plugging operations, we have deepened our relationship with the Ohio Department of Natural Resources and expanded our client base across Appalachia. Our continued commercial growth will help more communities protect their critical air, drinking water and land resources, and, by taking on new projects throughout the country, we can continue providing innovative, market-based solutions to help our public and private-sector partners confront one of America's most pressing public health issues."

About Zefiro Methane Corp.

Zefiro is an environmental service company, specializing in methane abatement. Zefiro strives to be a key commercial force toward active sustainability. Leveraging decades of operational expertise, Zefiro is building a new tool kit 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 United States-based methane offsets, Zefiro aims to generate long-term economic, environmental and social returns.

We seek Safe Harbor.

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