Montauk Renewables, Inc. Announces Planned Entrance Into South Carolina With A New RNG Project in South Carolina
23 Marzo 2023 - 2:15PM
Montauk Renewables, Inc. (NASDAQ: MNTK) (the “Company”) announces
its planned entrance into South Carolina with the development of a
new landfill gas-to-RNG facility located in South Carolina (the
“Project”).
The planned Project is expected to contribute approximately 900
MMBtu per day production capacity upon commissioning of the
Project. The Project is expected to be completed mid-2024.
“Montauk is excited to announce its entrance into South Carolina
and the development of our newest RNG site,” said Sean McClain,
Montauk Renewables President and CEO. “This new project in South
Carolina demonstrates the continued execution of Montauk’s
diversified development growth strategy, as it continues to select
and win projects in an increasingly dynamic industry.”
The Company expects to invest approximately $25 million in total
Project costs over the next 18 months, beginning immediately.
About Montauk Renewables, Inc.
Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy
company specializing in the management, recovery and conversion of
biogas into RNG. The Company captures methane, preventing it from
being released into the atmosphere, and converts it into either RNG
or electrical power for the electrical grid (“Renewable
Electricity”). The Company, headquartered in Pittsburgh,
Pennsylvania, has more than 30 years of experience in the
development, operation and management of landfill methane-fuelled
renewable energy projects. The Company has current operations at 15
operating projects located in California, Idaho, Ohio, Oklahoma,
Pennsylvania, North Carolina and Texas. The Company sells RNG and
Renewable Electricity, taking advantage of Environmental Attribute
premiums available under federal and state policies that
incentivize their use. For more information, visit
https://ir.montaukrenewables.com
Company Contact: John Ciroli Chief Legal
Officer and Secretary investor@montaukenergy.com(412) 747-8700
Investor Relations Contact: Georg Venturatos
Gateway Investor Relations MNTK@GatewayIR.com (949) 574-3860
Safe Harbor Statement
This release contains forward-looking statements regarding our
planned development on a new facility in South Carolina and the
expected production capacity and capital expenditures associated
therewith.
Forward-looking statements are necessarily subject to numerous
assumptions, risks and uncertainties, which change over time.
Future events or circumstances may change our expectations and may
also affect the nature of the assumptions, risk and uncertainty to
which our forward-looking statements are subject. The
forward-looking statements in this release speak only as of the
date of this release, and we assume no duty, and do not undertake,
to update them. Actual results or future events could differ,
possibly materially, from those that we anticipated in these
forward-looking statements. As a result, we caution against placing
undue reliance on any forward-looking statements.
Forward-looking statements are subject to risks, uncertainties
and other factors, many of which are beyond the Company’s control
and are difficult to predict, including, without limitation, risks
related to the acquisition, financing, construction and development
of new projects and the other risk factors described in more detail
in the Company’s 2022 Form 10-K and other filings with the U.S.
Securities and Exchange Commission at www.sec.gov. We have included
this web address as inactive textual reference only. Information on
this website is not part of this document.
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