Zefiro ($ZEFI) | Curbing Methane Emissions

Zefiro Methane is an environmental services company specializing in curbing toxic methane emissions from end-of-life oil and gas wells in the United States, earning high-quality carbon credits in the process which can be sold into the offset market.

Zefiro is building a new toolkit to clean up air, land, and water impacted by methane leaks.

Capital Snapshot:

Zefiro’s shares are traded on the Cboe Canada exchange under the symbol ‘ZEFI’, and the company has a current market capitalization of $111 million (CAD).

Overview: Methane Emission Reduction

• There are millions of abandoned oil and gas wells across the United States leaking methane that require plugging.

• Methane is significantly more potent than CO2 emissions and is one of the worst sources of emissions for the climate.

• In 2022, the US Government allocated $4.7 billion for environmental remediation and restoration in The Infrastructure Investment and Jobs Act.

• The United States Inflation Reduction Act has imposed a penalty of $900 per metric ton of methane emissions for oil and gas companies, which incentivizes energy companies to urgently address methane leaks within their operations.

Company Highlights:

• Zefiro has two primary businesses and revenue sources:

  • Environmental Services

    • Provides “Monoline” services in support of methane abatement

    • Leads orphan methane data collection

    • Drives highly focused tech innovation organically and by acquisition

    • Scaling effectively with two acquisitions in 2023 and a robust pipeline

  • Environmental Markets

    • Monetizes methane reduction

    • Issues and sells methane abatement offsets

    • Develops recurring high-quality distribution channels

    • Develops valuable market intelligence through new data streams to enable the scaled application of AI

• Zefiro has purchased majority stakes in two operating subsidiaries, which had over $35 million in methane abatement and remediation revenue in fiscal 2023.

• Zefiro is working with multiple state governments in the Appalachia region of the United States to plug oil and gas wells.

• Zefiro’s first batch of methane abatement carbon credits were approved by the American Carbon Registry (ACR), one of the three leading registries worldwide.

• Zefiro recently announced that their subsidiary Plants & Goodwin opened a new facility in West Virginia to meet the area’s growing demand for methane abatement services.

Team:

Talal Debs, Founder

• Former Chair of J.P. Morgan oil and gas price desk committee

• Managing Partner of X Machina Capital Strategies

Tina Reine, Chief Commercial Officer

• Formerly managed an equity portfolio of carbon offset projects for NextEra Energy

• Former Director of Commercialization for the carbon offset market at World Kinect Energy Services

Catherine Flax, Board Member

• President of Private Markets at X Machina Capital Strategies

• Former CEO of Pefin, the world’s first artificial intelligence financial advisor

• Worked at J.P. Morgan, serving as both CMO globally, as well as CEO, commodities EMEA

For company specific questions, request an introduction to connect with Zefiro management.