Zefiro Opens a New Operations Facility in West Virginia to Service Growing Demand, Providing Increased Operational Capacity, Efficiency and Enhanced Profit Margins

Zefiro subsidiary Plants & Goodwin, Inc. (“P&G”) has opened an additional yard in its operating territory of Appalachia. This will strategically align P&G to efficiently deploy portions of the USD $29,233,057 Phase 1 Bipartisan Infrastructure Law funds in West Virginia and eliminate the on-going methane emissions from hundreds of wells in the state. This is the second such expansion in the past six months, following P&G’s acquisition of a wireline service provider in Cambridge, Ohio.

FORT LAUDERDALE, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that its subsidiary Plants & Goodwin, Inc. (“P&G”) has opened another facility in Appalachia. It is expected the new facility will significantly increase efficiency resulting in higher profit margins. Situated in the town of Buckhannon (Upshur County), this yard is centrally located within the state of West Virginia. P&G currently has a pipeline in West Virginia of more than USD $700,000 worth of environmental services projects for 2024. All of P&G’s current and upcoming projects in West Virginia are with long-standing industry relationships, while this new facility will create the opportunity for partnership with state resources in West Virginia.

By opening this yard in Buckhannon, West Virginia, Zefiro expects to realize several benefits and strategic advantages, including the following:

• Reduced costs (labor hours, fuel, etc.) and transportation emissions for environmental remediation project work in West Virginia;
  
• With these reduced costs, profit margins for projects in West Virginia could be increased by up to 15% from their current levels;
  
• Increased project completion speed, allowing more methane leaks to be remediated;
  
• Ability to more aggressively bid on projects in the state of West Virginia, including those funded by the Bipartisan Infrastructure Law which provides USD $4.7 billion for these types of remediation projects; and
  
• Official presence in West Virginia allows P&G to increase efficiency and further build out its presence in the state.
  

The opening of this yard marks P&G’s second geographic footprint expansion in the past six months, following its acquisition of a wireline service provider in Cambridge, Ohio in December 2023.

Zefiro published a video on its YouTube channel in which Luke Plants explains the significance of the opening of P&G’s new operations facility in West Virginia. The video can be viewed by clicking on this link.