Page 13 - NorthAmOil Week 12 2022
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NorthAmOil                                 NEWS IN BRIEF                                         NorthAmOil







       in the area and is currently drilling another   accounting and Payne     working with Siouxland on a comprehensive
       well on the interest being acquired. The                                 carbon handling solution,” Navigator CEO,
       interests currently produce combined revenue   Institute                 Matt Vining comments. “The provided
       of approximately $5,500 per month and Verde                              services will create a day-one economic
       is entitled to the cash flow from production   Project Canary, the Denver-based climate tech   benefit to the facility and surrounding
       attributable to the acquisition beginning on   and environmental data analytics company,   community, while abating almost 100% of
       or after March 1, 2022. The acquisition is   announced an initiative to add performance   Siouxland’s greenhouse gas emissions. The
       expected to close on or before April 15, 2022.  proof verification of data and operating   agreements in place with Siouxland and other
         The company continues to build a   standards by a Big Four firm and assessment   industrial emitters of CO2 are a testament
       diversified, revenue producing portfolio of   by the Payne Institute at the Colorado School   to the broad commitment by industry to
       high-quality assets.                of Mines. These initiatives are intended   decarbonise, and we couldn’t be prouder to
         Scott Cox, founder and CEO of Verde, said:  to ensure independent verification and   play a role in that evolution. We look forward
       “We are excited about adding these interests   assessment of data and operating standards,   to the long-term partnership with Nick
       to our portfolio through this acquisition. We   meeting the needs of customers that request   and his team as we continue expansion of
       have been lacking a good Bakken asset in   additional assurances about the controls in   Heartland Greenway.”
       our portfolio and are pleased to have found   place at Project Canary.     Navigator continues to work with many
       this amazing property at a good price point   PROJECT CANARY, March 23, 2022  industrial processing plants in the Midwest
       and still have the upside of historically high                           to adopt a more sustainable approach in the
       oil prices and the continued development to   Navigator CO2 and          execution of their businesses and aid in the
       come with the property. We are proud to have                             reduction of their carbon footprints through
       built a company which is creative and flexible   Siouxland Ethanol execute   Heartland Greenway and its related carbon
       enough to take advantage of these deals as                               handling offerings.
       they come to market.”               long-term agreement for                Once fully expanded, the Heartland
         “Deals like this continue to highlight our                             Greenway will be able to capture and
       business plan of acquiring minerals and   the capture, transportation,   sequester 15mn metric tonnes of CO2
       royalties and building a diversified, revenue-                           annually, which, according to EPA estimates,
       producing portfolio. We remain focused on   and storage of Siouxland     is equivalent to eliminating the annual carbon
       executing our business plan and creating long-                           footprint of the Des Moines metro area three
       term value for our shareholders. Through   Ethanol’s CO2                 times over.
       our balanced approach of capital raising                                   “Siouxland Ethanol has been a leader
       and acquisitions, we are building a dynamic   Navigator CO2 Ventures announced today   in producing low carbon ethanol since its
       company with significant revenue and assets   that it has entered into a long-term agreement   inception,” said Nick Bowdish, President
       and look forward to continuing to build on   with Siouxland Ethanol to provide CO2   and CEO of Siouxland Ethanol. “Whether
       this through future strategic acquisitions,” Mr.   capture, transportation and storage services   it be actively capturing methane from the
       Cox concluded.                      on its carbon capture and storage (CCS)   neighboring landfill and using it to create
       VERDE BIO HOLDINGS, March 24, 2022  system, the Heartland Greenway.      process steam for the plant or installing the
                                              The agreement between companies   very first dryer exhaust energy recovery
                                           outlines the key terms for Navigator to   system, our company is a living example
       ENERGY TRANSITION                   design and install Siouxland’s carbon capture   of how to provide real solutions to our
                                           equipment. Once installed, Navigator   transportation needs that both lower the
       Project Canary adds to              will capture, transport, and store up to   carbon footprint and are readily available at
                                           235,000 metric tons of Siouxland’s CO2 per
                                                                                scale today. This agreement with Navigator
       independent stature with            year, equivalent to the carbon emissions   takes our commitment to provide clean
                                           of approximately 51,000 vehicles driven
                                                                                octane and increases it exponentially.”
       third-party assessment              annually. Start of operations is expected at the   NAVIGATOR CO2 VENTURES, March 23, 2022
                                           beginning of 2025.
       of ESG data by Big Four             biorefining operators, we are excited to be
                                              “As one of the best-in-class ethanol























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