Montauk Renewables, Inc. announces ISCC GHG Savings Certification for three biomethane sites

Rhea-AI Summary

Montauk Renewables, Inc. (NASDAQ: MNTK) has achieved ISCC GHG Savings Certification for three of its U.S. facilities, including Apex LFG Energy and two GSF Energy landfill gas recovery sites. This certification validates that the biomethane produced at these locations meets the EU Renewable Energy Directive (RED) requirements for renewable energy in transportation. Montauk specializes in recovering biogas from non-fossil fuel sources, and it is one of the largest U.S. producers of Renewable Natural Gas (RNG), operating a total of 12 RNG and 3 Renewable Electricity projects across six states.

Positive

• Achievement of ISCC GHG Savings Certification enhances credibility and marketability of Montauk's biomethane.
• Certification enables compliance with EU Renewable Energy Directive, expanding market opportunities for MNTK.

Negative

• None.

PITTSBURGH, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (NASDAQ: MNTK), a renewable energy company specializing in the recovery and processing of biogas from non-fossil fuel sources for beneficial use as a replacement to fossil fuels, announced today that it received ISCC GHG Savings Certification for three facilities it owns in the United States.

Montauk Renewables, Inc.’s subsidiary companies, Apex LFG Energy, LLC, GSF Energy LLC Rumpke LFG Recovery Facility and GSF Energy LLC McCarty Road Landfill Gas Recovery Facilities received the certification from the International Sustainability & Carbon Certification (ISCC), an international certification system covering all kinds of bio-based feedstocks and renewables catering to energy, food, feed, and chemicals sectors, following an audit by Control Union. These sites have now been certified that their biomethane can currently be used under the EU Renewable Energy Directive (RED) to meet EU mandatory targets for the use of renewable energy in transport.

About Montauk Renewables, Inc.

Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the recovery and processing of biogas from non-fossil fuel sources such as dairy and landfills for beneficial use as a replacement to fossil fuels. We develop, own, and operate Renewable Natural Gas (“RNG”) projects, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. Having participated in the industry for over 30 years, we are one of the largest U.S. producers of RNG. We have an operating portfolio of 12 Renewable Natural Gas and three Renewable Electricity projects that span six states. For more information visit https://ir.montaukrenewables.com

Contacts

Company IR

investor@montaukenergy.com

FAQ

What is the significance of ISCC GHG Savings Certification for Montauk Renewables (MNTK)?

The ISCC GHG Savings Certification affirms that Montauk's biogas facilities produce biomethane that meets EU standards, enhancing market competitiveness.

How many facilities received ISCC certification from Montauk Renewables (MNTK)?

Three facilities owned by Montauk Renewables received ISCC GHG Savings Certification.

When did Montauk Renewables announce their ISCC certification?

Montauk Renewables announced their ISCC certification on February 23, 2021.

What type of projects does Montauk Renewables (MNTK) operate?

Montauk Renewables operates Renewable Natural Gas and Renewable Electricity projects in the U.S.

What market does Montauk's certified biomethane target?

The certified biomethane can be used under the EU Renewable Energy Directive to meet renewable energy targets in the transportation sector.