Zefiro subsidiary Plants & Goodwin, Inc. (“P&G”) has opened an additional yard in its operating territory of Appalachia. This will strategically align P&G to efficiently deploy portions of the USD $29,233,057 Phase 1 Bipartisan Infrastructure Law funds in West Virginia and eliminate the on-going methane emissions from hundreds of wells in the state. This is the second such expansion in the past six months, following P&G’s acquisition of a wireline service provider in Cambridge, Ohio.
FORT LAUDERDALE, FLORIDA – MAY 7, 2024 – 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 another facility in Appalachia, the new facility will significantly increase efficiency resulting in higher profit margins. Situated in the town of Buckhannon (Upshur County), this yard is centrally located within the state of West Virginia. P&G currently has a pipeline in West Virginia of more than USD $700,000 worth of environmental services projects for 2024. All of P&G’s current and upcoming projects in West Virginia are with long-standing industry relationships, while this new facility will create the opportunity for partnership with state resources.
By opening this yard in Buckhannon, WV, Zefiro can realize several benefits and strategic advantages to include the following:
- Reduced costs (labor hours, fuel, etc.) and transportation emissions for environmental remediation project work in West Virginia;
- With these reduced costs, profit margins for projects in West Virginia could be increased by up to 15% from their current levels;
- Increased project completion speed, allowing more methane leaks to be remediated;
- Ability to more aggressively bid on projects in the state of West Virginia, including those funded by the Bipartisan Infrastructure Law which provides USD $4.7 billion for these types of remediation projects; and
- Official presence in West Virginia allows P&G to increase efficiency and further build out its presence in the state.
The opening of this yard marks P&G’s second geographic footprint expansion in the past six months, following its acquisition of a wireline service provider in Cambridge, Ohio in December 2023.
Zefiro published a video on its YouTube channel in which Luke Plants explains the significance of the opening of P&G’s new operations facility in West Virginia. The video can be viewed by clicking on the thumbnail above, or by clicking on this link.
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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 for cost and time efficiencies, as well as an official presence in the Mountaineer state where there are many orphan methane leaks to be remediated, with an abundance of both public and private funds allocated for doing so. 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 for servicing a greater volume of methane leak sites.”
Zefiro Senior Vice President of Business Development Luke Plants commented, “We expect that cutting out the six-hour drive between P&G’s Bradford, PA headquarters and job sites in or near West Virginia will considerably shorten our project completion timelines. This can also increase our bandwidth to carry out 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 alike. With the need to stop methane emissions at their source funded through both private and public financing channels, strategic moves 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 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.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
For media inquiries, please contact:
Rich Myers – Profile Advisors (New York)
+1 (347) 774-1125
Forward-Looking Statements
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