Innovative Approach Focused on Delivering Impactful and Measurable Decarbonization Results
DENVER and HOUSTON, June 3, 2025 -- PureWest Energy, LLC ("PureWest"), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group ("Gunvor"), one of the largest independent energy commodities trading companies worldwide, are partnering to provide verified low-carbon natural gas, which can stand alone or be blended with renewable natural gas (RNG) to meet key decarbonization goals, including Scope 3 emissions reduction targets.
Under the agreement, Gunvor will offtake PureWest's third-party verified, low-carbon natural gas attributes, which may be unbundled or bundled with physical gas. PureWest's production is measured and independently verified in alignment with ISO 14067, the global standard for quantifying and reporting the carbon footprint of a product's life cycle. This innovative approach provides scalable and traceable solutions to reduce carbon emissions for downstream industrial end-users and is supported by CleanConnect's ProveZero™ registry – an auditable, blockchain-backed system built to verify environmental attributes and carbon intensity with full transparency.
"PureWest produces natural gas with one of the lowest carbon intensities in North America and we remain committed to providing reliable, lower carbon energy options for end-users," said Chris Valdez, PureWest CEO. "We're proud to partner with Gunvor to deliver independently verified, low-carbon natural gas solutions that help end-users meet their decarbonization goals."
Gunvor will integrate PureWest's verified low-carbon natural gas into its supply portfolio, supporting the development of a verified low-carbon blended gas product that can meet global standards, including ISCC, and will help its customers achieve emissions reduction and decarbonization ambitions while maintaining supply reliability.
"Gunvor is committed to offering energy solutions that meet growing market decarbonization needs, especially as more of our customers are seeking new avenues to reach their emissions reductions goals," said Gary Pedersen, President and CEO of Gunvor USA LLC. "By partnering with PureWest, a leading producer of verified low-carbon natural gas, we're bringing innovative and scalable solutions to the market, and giving our customers the option of using lower-carbon and more sustainable energy."
PureWest's verified low-carbon gas is supported by CleanConnect, who provides comprehensive monitoring solutions, using continuous data from CleanConnect's autonomous monitoring systems, which detect, classify, and timestamp emissions with precision and scale far beyond traditional Leak Detection and Repair (LDAR) or quarterly methods.
This agreement is an important milestone in accelerating measured, verifiable environmental attributes with commercial-scale energy distribution. The partnership between PureWest and Gunvor also reflects unique and collaborative industry approaches to meeting critical decarbonization goals through scalable, data-driven solutions across key end-use sectors.
About PureWest
PureWest Energy, LLC is a private energy company focused on developing its long-life gas reserves in Wyoming's Green River Basin where the Company operates more than 108,000 net acres in the prolific Pinedale Field. PureWest's commitment to stakeholders includes exceptional safety performance, an employee led community investment program, and industry leading emissions mitigation focused on rigorous Measurement, Monitoring, Reporting and Verification (MMRV) with ISO 14067 alignment. Additional information is available at PureWest.com.
About Gunvor Group
Gunvor Group is one of the world's largest independent commodities trading houses by turnover creating logistics solutions that safely and efficiently move physical energy, bulk materials and base metals from where they are sourced and stored to where they are demanded most. Gunvor, which generated turnover of US $136 billion on volumes of 232 million MT in 2024, has committed to cut Scope 1 and 2 emissions by 40% by the end of 2025. The Group's main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, London, Shanghai and Dubai, supported by a network of more than 20 representative and other trading offices around the globe. For more information, visit www.gunvorgroup.com.
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