Business
Zefiro Methane Completes First-Ever Sale of Carbon Offsets Originated Under ACR's Orphan Well Methodology
Zefiro has made a key breakthrough by successfully originating carbon credits based on confirmed emissions reductions of 92,956 metric tonnes of CO2 equivalent from a remediation project in Custer County, Oklahoma. Zefiro has also made its first delivery of carbon credits to Mercuria Energy America, LLC to fulfill a pre-sale agreement. This transaction sets a new precedent in the marketplace in which remediation of orphaned wells can be funded directly through the voluntary carbon markets. ...
About this update from Zefiro Methane Corp.
[{"type":"text","content":"Zefiro has made a key breakthrough by successfully originating carbon credits based on confirmed emissions reductions of 92,956 metric tonnes of CO2 equivalent from a remediation project in Custer County, Oklahoma. Zefiro has also made its first delivery of carbon credits to Mercuria Energy America, LLC to fulfill a pre-sale agreement. This transaction sets a new precedent in the marketplace in which remediation of orphaned wells can be funded directly through the voluntary carbon markets.","length":494,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Fort Lauderdale, Florida--(Newsfile Corp. - August 19, 2025) - ZEFIRO METHANE CORP. (Cboe CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI"), a fully integrated environmental services company which originates institutional-grade carbon credits by remediating unplugged oil and gas wells in the United States, is pleased to announce both (i) The successful issuance of certified carbon credits from American Carbon Registry ("ACR") Project 959 ("ACR959") reflecting confirmed emissions reductions of 92,956 metric tonnes of CO2 equivalent, as well as (ii) Completed delivery of the first tranche of ACR959 carbon credits to Mercuria Energy America, LLC ("Mercuria").","length":747,"tagName":"p"},{"type":"text","content":"This pair of events marks the debut of a third key revenue stream for Zefiro, supplementing its earnings from core operations which have already generated USD $24.4 million in revenue for the Company's first three fiscal quarters of 2025 (as announced in Zefiro's May 14, 2025 press release).","length":300,"tagName":"p"},{"type":"text","content":"In addition to Zefiro's plugging and abandonment division in the Appalachia region (Pennsylvania, Ohio, New York, and West Virginia), Zefiro also recently announced its very first revenues from methane monitoring, with a USD $800,000 contract to provide services to the West Virginia Department of Environmental Protection.","length":327,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":412,"url":"https://media.zenfs.com/en/newsfile_64/738cfca282f0ff777f2cacc0ffc0b6b8"},"resized":{"ur...