Mentioned:
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
