Zefiro Methane Hits Record Breaking Annual Revenue

Mentioned:

ZEFI -1.67%

The methane reduction opportunity in the United States of America is becoming a big business for Zefiro Methane.

‍What’s happening:‍

Zefiro Methane (CBOE: ZEFI) has announced $32.8M USD in annual revenue, which is their highest total revenue ever since inception

Why it matters:‍

Zefiro Methane is one of the first publicly traded companies focused on reducing the methane emissions of abandoned oil and gas wells and generating revenue through high quality carbon offsets
The United States of America has been making a concentrated push to reduce the harmful emissions caused by abandoned oil and gas infrastructure, launching historic funding commitments on both the federal and state levels

By the numbers:‍

In their most recent two quarters, Zefiro Methane has generated $9.4M USD and $8.5M USD in total revenue respectively

Going deeper:‍

Zefiro Methane has been generating a significant amount of revenue from high quality carbon offsets, which previously led to a notable pre-sale agreement with low carbon energy giant EDF Group’s subsidiary EDF Trading
The push to find new ways to solve the emissions problem of abandoned oil and gas wells also recently led Zefiro Methane to acquire a minority ownership stake in a private Canadian company that has developed new technologies for sealing the leaking pathways of oil and gas infrastructure

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