September 26, 2024
CH4mber Technologies, a leader in the decommissioning of orphaned oil and gas wells, is excited to announce the successful completion of our latest investment round. This investment enables us to scale our efforts in reducing harmful methane emissions across the Appalachian Basin and beyond.
The funding will allow us to expand our well-plugging operations, enhance our methane detection capabilities, and accelerate the generation of high-quality carbon credits. We are working closely with state governments, private landowners, and corporate partners to turn environmental challenges into impactful solutions.
Key Highlights of the Investment:
- Project Finance: Secured capital to expand the search and decommissioning of orphaned wells.
- Impact: Provides the runway needed to plug enough wells to achieve profitability.
- Focus: Scaling well-plugging efforts and mitigating methane emissions to reduce environmental impact.
- Next Steps: Plugging wells as soon as possible, with site surveying already underway to identify high-priority targets.
“We’re thrilled to have the backing of investors who believe in our mission to combat methane emissions while generating value for both the environment and the market,” said Malcolm Cameron, CEO of CH4mber Technologies. “This investment allows us to significantly increase the scope of our operations and deliver measurable environmental benefits.”
With the global push for carbon reduction, CH4mber Technologies is uniquely positioned to offer a reliable solution by transforming environmental liabilities into valuable carbon credits. Our team is dedicated to working hand-in-hand with stakeholders to ensure that our process is transparent, efficient, and beneficial for all.
About CH4mber Technologies:
CH4mber Technologies is dedicated to financing and implementing the decommissioning of leaking, orphaned wells, reducing methane emissions, restoring local environments, and generating high-quality carbon credits. By partnering with state initiatives and private capital providers, we deliver no-cost solutions for landowners while supporting global environmental goals.
For more information, please contact:
Malcolm Cameron, CEO
[email protected]
Oliver Chornous, CFO
[email protected]