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Cryptocurrency News Articles

ZEFIRO METHANE CORP. has announced partnerships with Geolabe, a technology company specializing in automated emissions detection, and Keynum

Feb 26, 2025 at 11:55 am

These collaborations aim to enhance Zefiro’s ability to locate leaking orphaned oil and gas wells and issue carbon credits.

ZEFIRO METHANE CORP. has announced partnerships with Geolabe, a technology company specializing in automated emissions detection, and Keynum

ZEFIRO METHANE CORP. has announced partnerships with technology companies Geolabe and Keynum to enhance its ability to locate leaking orphaned oil and gas wells and issue carbon credits. The company will combine the synergies from these partnerships with the launch of the Zefiro Lifecycle Solution, a data capture and workflow management platform developed in collaboration with CarbonAi Inc. to significantly reduce the costs and timeframes associated with plugging abandoned wells and certifying American Carbon Registry-accredited carbon offset products.

Together, these efforts aim to mitigate the pressing issue of climate change by promoting a swift and efficient transition to a net-zero economy.

Earlier this year, the company unveiled its groundbreaking methane capture initiative, targeting the urgent task of plugging leaking abandoned oil and gas wells across the United States. This initiative will be executed in partnership with Geolabe, a technology company specializing in automated emissions detection, and Keynum, an AI and data science development firm.

These partnerships mark a significant step in advancing Zefiro’s endeavors to locate leaking orphaned oil and gas wells and issue carbon credits. The company's efforts in this domain will be amplified by the synergies from the launch of the Zefiro Lifecycle Solution. This platform, designed in collaboration with CarbonAi, specializes in data capture and workflow management.

The integration of these synergies is designed to significantly reduce the costs and timeframes associated with plugging abandoned wells and certifying American Carbon Registry-accredited carbon offset products.

Zefiro intends to work with numerous partners, including Geolabe, Keynum, and CarbonAi, to implement AI and blockchain-backed solutions. These solutions are expected to accelerate the company’s well identification and carbon credit issuance efficiency by approximately 50 percent.

The working agreements with Geolabe and Keynum will introduce AI-enabled data analytics to strengthen Zefiro’s ability to build its project pipeline of sites leaking large, potentially unsafe amounts of methane gas. The company estimates that these efforts will improve its batch efficiency gain, a measure of the monetary resources allocated per ton of methane gas captured, by approximately 50 percent.

Streamlining Data Integrity and Operational Efficiency

The workflow management platform, developed in partnership with CarbonAi, is designed to increase the efficiency and integrity of data collected throughout the entire Zefiro project lifecycle. This will ensure that critical data generated by the Zefiro Lifecycle Solution is immutable, auditable, and on-ledger, thereby enhancing the quality of resulting reductions.

Dr. Talal Debs, Founder and CEO of Zefiro, commented that with millions of orphaned and abandoned oil and gas wells spread across twenty-six different states, utilizing advanced solutions to locate and permanently plug more of these sites is essential.

“Both the Lifecycle Solution developed with CarbonAi and our partnerships with Geolabe and Keynum bring innovative technologies to this important endeavor. Our heightened ability to increase our project portfolio, reduce costs, and promote efficiencies throughout our operations will solidify Zefiro’s position as a market leader.”

Richard Walker, Chief Technology Officer of Zefiro, conveyed that by harnessing the unique powers of AI to process satellite imagery and the blockchain, Zefiro continues to find new ways to help stem the proliferation of orphaned and abandoned oil and gas wells.

“These advanced solutions will expand our operational footprint, enable best-in-class economics for our carbon credit initiatives, promote certainty in our methodologies, and ensure the integrity of our plugging measurements to help more communities reclaim critical air, water, and land resources.”

Specific Partnership Details and Technological Integration

As part of this initiative, Zefiro signed a Letter of Intent (LOI) with Geolabe on January 10, 2025. The Geolabe system uses AI-backed models to automatically process large amounts of satellite images to pinpoint emissions at a uniquely granular level, drastically improving detection thresholds. Zefiro is providing Geolabe access to the company’s well screening and quantification data to help train the models and will also deploy its environmental remediation specialists to confirm leak rates that are critical to calibrating the model.

Additionally, Zefiro engaged Keynum in December 2024 to deliver a dashboard that can visualize orphaned well inventory from various states and Zefiro’s screened well inventory and use predictive modeling capabilities developed by Keynum to identify probabilities for orphaned wells that may be leaking at rates that are economically viable to plug for issuance of carbon credits.

The report emphasized that the use of AI and blockchain technology would drastically improve the efficiency of the well plugging process. This, in turn, would lead to a large reduction of methane emissions.

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