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Zefiro opens a new operating facility in West Virginia

Zefiro opens a new operating facility in West Virginia

FORT LAUDERDALE, Florida, May 7, 2024 (GLOBE NEWSWIRE) — ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (the “Company”, “Zefiro” or “ZEFI”) is pleased to announce that its subsidiary Plants & Goodwin, Inc. (“P&G”) has opened a new facility in Appalachia. The new facility is expected to significantly increase efficiency, resulting in higher profit margins. Located in the town of Buckhannon (Upshur County), this yard is centrally located in the state of West Virginia. P&G currently has a pipeline in West Virginia with more than $700,000 worth of environmental services projects by 2024. All of P&G’s current and future projects in West Virginia have long-standing industry relationships, while this new facility will provide the opportunity create for collaboration with state resources in West Virginia.

By opening this yard in Buckhannon, West Virginia, Zefiro expects to realize several benefits and strategic advantages, including the following:

  • Reduced costs (labor hours, fuel, etc.) and transportation emissions for environmental remediation projects in West Virginia;
  • With these lower costs, profit margins for West Virginia projects could increase by as much as 15% from their current levels;
  • Increased project completion speed, allowing more methane leaks to be remediated;
  • Ability to bid more aggressively on projects in the state of West Virginia, including projects funded by the Bipartisan Infrastructure Law, which provides $4.7 billion for these types of recovery projects; And
  • The official presence in West Virginia allows P&G to increase efficiencies and further expand its presence in the state.

The opening of this yard marks P&G’s second geographic expansion in the past six months, following the acquisition of a landline service provider in Cambridge, Ohio in December 2023.

Zefiro has published a video on his YouTube channel in which Luke Plants explains the significance of the opening of P&G's new corporate facility in West Virginia.

Zefiro has published a video on his YouTube channel in which Luke Plants explains the significance of the opening of P&G’s new corporate facility in West Virginia. The video can be viewed via by clicking on this link.

Readers who use news aggregation services may not be able to view the above media. Go to SEDAR+ or the Investors section of the Company’s website for a version of this press release including all published media.

Zefiro Founder and CEO Talal Debs PhD commented: “Building our ground capabilities in Appalachia is an exciting part of Zefiro’s evolution as a fully integrated environmental services company. Opening a yard in central West Virginia gives Zefiro many strategic operational advantages… both in terms of cost and time efficiency, as well as an official presence in the Mountaineer is a state where many orphan methane leaks need to be remediated, for which both public and private resources are abundantly available. The year 2024 has already been very busy for this segment of Zefiro’s business, and this expansion will provide us with even more bandwidth to serve a greater number of methane leak sites.”

Luke Plants, Zefiro’s Senior Vice President of Business Development, commented: “We expect that the elimination of the six-hour drive between P&G’s headquarters in Bradford, PA and work sites in or near West Virginia will significantly reduce the timelines for the completion of our will significantly shorten projects. This can also increase our bandwidth to perform environmental remediation work throughout Appalachia as we continue to see growing demand for our services from natural gas E&Ps, private landowners and public sector entities. With the need to stop methane emissions at the source funded through both private and public financing channels, strategic steps such as opening this yard in Buckhannon, WV will allow us to operate even more efficiently as a key player in the Active Sustainability Equation. ”

About Zefiro Methane Corp.

Zefiro is an environmental service provider, specialized in combating methane. Zefiro aims to be a major commercial force in active sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit for cleaning up air, land and water resources directly affected by methane leaks. The company has built a fully integrated ground operation powered by an innovative monetization solution for the emerging methane reduction market. As an originator of high-quality, US-based methane offsets, Zefiro strives 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 and CEO

For more information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
[email protected]

For media inquiries please contact:

Rich Myers – Profile Advisors (New York)
[email protected]
+1 (347) 774-1125

Forward-Looking Statements

This press 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 “could” occur or be achieved and other similar expressions. In particular, this press release contains forward-looking information, including statements regarding: the Company’s intent to reduce emissions from discarded oil and gas wells and eliminate methane gas; the company’s partnerships with industry actors, government agencies and federal governments; the company’s expectations for continued increases in revenue and EBITDA growth as a result of these partnerships; the company’s intentions to expand its presence in the United States; anticipated federal funding for plugging, remediation, and rehabilitation of orphan well sites, including available funding under the Bipartisan Infrastructure Law; the company’s expectations to become a growing environmental services company; the company’s ability to offer both institutional and retail investors the opportunity to join the Active Sustainability movement; the company’s ability to generate long-term economic, environmental and social returns; the effects on efficiency, cost savings and profit margins of the new facility in Buckhannon, West Virginia; the materialization of new partnerships in West Virginia; and other statements about the company’s activities and the industry in which the company operates. The forward-looking information reflects management’s current expectations based on currently available information and is subject to a number of risks and uncertainties that could 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 within the disclosed timeframes , or will take place 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 and price and volume volatility in the carbon market; (iii) changes in the regulatory landscape and global policies applicable to the Company’s operations; (iv) the inability to obtain all necessary regulatory approvals; and (v) other risk factors set out in the Prospectus dated 8 April 2024 under the heading “Risk Factors”. The company operates in a rapidly evolving environment where technologies are in the early stages 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 estimate the impact of all factors on the Company’s operations, nor the extent to which any factor, or combination of factors. cause actual results to differ from those contained in forward-looking information. The forward-looking information contained in this press release is based on the opinions and assumptions of management that are believed to be reasonable as of the date of this press release, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner will change. Although the Company believes that the assumptions and factors used in preparing the forward-looking information contained in this press release are reasonable, undue reliance should not be placed on such information. The forward-looking information contained in this press release is made as of the date of this press 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.

External Investor Relations Statement

Information about the investor relations companies that own Zefiro Methane Corp. employs can be found under the company profile on SEDAR+ at www.sedarplus.ca.

An infographic accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/8a9a79a1-3b91-453e-abc8-55596a0964fe