Common shares in Zefiro Methane [Cboe Canada:ZEFI] are now trading on the Cboe Canada exchange, as part of Zefiro’s successful IPO on Tuesday. Zefiro is an environmental services company, specializing in methane abatement, a potent contributor to global warming.
Zefiro is aiming 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.
Active sustainability takes a different approach to passive screening when it comes to ESG investment. It uses capital to reduce and eventually eliminate the environmental burden posed by companies that currently do not meet strict environmental criteria.
Zefiro is focused on reducing emissions of methane gas, which is 25x to 84x more potent than carbon dioxide emissions. Through its asset retirement and environmental markets operations, Zefiro is the only fully integrated provider focused on the millions of sites throughout North America that continue to leak methane on a daily basis.
Zefiro’s partnerships with industry operators, state agencies, and federal governments are expected to continue increasing the company’s revenue and EBITDA growth for public shareholders.
What makes Zefiro interesting
Zefiro continues to build out its presence in the United States, where the latest expert estimates indicate that there are more than four million abandoned wells, with USD $4.7 billion in federal funding recently announced for orphaned well site plugging, remediation and restoring activities to help address the leading causes of the methane emissions crisis.
Throughout 2023, Zefiro scaled its foundation as an environmental services company with its acquisition of Plants & Goodwin, (based in Bradford, Pennsylvania), and a strategic bolt-on acquisition of Appalachian Well Surveys, a wireline company in Cambridge, Ohio, which makes it fully integrated.
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Presale of certified carbon credits
In July 2023, Zefiro announced the presale of certified carbon credits to Mercuria Energy America, which is the US-based division of one of the world’s largest independent energy and commodities groups. Additionally, in December 2023, Zefiro hosted an event in the “Blue Zone” of the United Nations’ Climate Change Conference in Dubai.
“Through its asset retirement and environmental markets operations, Zefiro is the only fully integrated provider focused on the millions of sites throughout North America that continue to leak methane on a daily basis,” said Zefiro Founder and CEO Talal Debs. “By virtue of being listed, Zefiro can now provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement.”
Debs served as chair of JP Morgan’s oil and gas price deck committee, as well as in leadership roles covering infrastructure and commodities credit, insurance, and reservoir engineering and technical analysis; his time at the institution spanning 15 years.
