PureWest Energy And Proman Sign Agreement To Reduce Scope 3 Methanol Footprint Through Digital Tokens

PRNewswire

March 28, 2023

PureWest Energy, LLC ("PureWest"), an independent natural gas producer in Wyoming's Green River Basin, and Proman, a global leader in methanol production, today announced their closure on a blockchain-verified digital token-only transaction that significantly reduces Proman's Scope 3 methanol footprint.

Made possible through their partnership with Project Canary and EarnDLT ("Earn"), PureWest's low-methane emissions data is minted into transactable Certified Environmental Tokens™ (CETs) to help Proman deliver certified low-carbon methanol to their global customers.

"Innovative solutions are critical to meeting climate targets in the coming years," said PureWest Chief Executive Officer Chris Valdez. "PureWest is developing environmental products that help our customers meet their emissions reductions goals. Our CETs allow end-users to benefit from our certified, industry-leading approach to natural gas production. As we continue to innovate, we remain steadfast in our commitment to responsible operations and focused on providing the market's cleanest natural gas."