Montauk Renewables, Inc. and American Environmental Landfill, Inc. Break Ground on Tulsa RNG Project

Rhea-AI Summary

Montauk Renewables (NASDAQ: MNTK) has initiated construction of a new Renewable Natural Gas (RNG) facility at the American Environmental Landfill (AEL) in Tulsa, Oklahoma, with groundbreaking on April 9, 2025. The project, executed through subsidiary Tulsa LFG, , includes an extension of existing gas rights and lease agreement with AEL.

The facility is designed with a variable inlet capacity and expected to achieve a production nameplate capacity of approximately 1,500 MMBtu per day. The plant will process all available inlet gas feedstock from the host landfill, which has shown significant increase following Montauk's recent wellfield investment.

The project's capital investment is estimated between $25 million to $35 million, with commissioning targeted for Q1 2027.

Positive

• New RNG facility adds 1,500 MMBtu daily production capacity
• Extension of existing gas rights and lease agreement secured
• Significant increase in feedstock availability from host landfill
• Strategic expansion in core growth market

Negative

• High capital investment requirement ($25-35 million)
• Long timeline to commissioning (Q1 2027)

News Market Reaction – MNTK

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In the trading session that priced this news, MNTK declined 1.89%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PITTSBURGH, April 10, 2025 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK) announces that its subsidiary, Tulsa LFG, LLC broke ground on a Renewable Natural Gas (“RNG”) landfill gas project at the American Environmental Landfill, Inc. (“AEL”) in Tulsa, Oklahoma in a ceremony on Wednesday, April 9, 2025 (the “Project”).

The Project is accompanied by an extension of its existing gas rights and lease agreement with the landfill host, American Environmental Landfill, Inc. (“AEL”). With a variable inlet capacity design, the new RNG facility is anticipated to have a production nameplate capacity averaging approximately 1,500 MMBtu per day, capable of beneficially processing all of the available inlet gas feedstock from its host landfill, which has been meaningfully increasing through Montauk’s wellfield investment over the past year.

“Montauk is excited to announce the development of our new RNG facility in Tulsa, Oklahoma, in continued support of AEL, one of our most prized relationships in our portfolio,” said Sean McClain, Montauk Renewables CEO. “We believe this project is indicative of our core growth strategy, to align ourselves with exemplary host businesses, and synchronize their growth needs with our development initiatives. The strong historical and continued growth of available feedstock at this project location is a great example of how successful these partnerships can be.”

Montauk expects its project capital investment to range between $25 million to $35 million and has a targeted commissioning date in the first quarter of 2027. 

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-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South 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 (CLO) & Secretary
investors@montaukrenewables.com
(412) 747-8700

Investor Relations Contact:

Georg Venturatos
Gateway Group
MNTK@Gateway-grp.com
(949) 574-3860

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3114c2cb-3a43-49a0-aa37-af485d21db34

https://www.globenewswire.com/NewsRoom/AttachmentNg/103e7888-8ca6-4d25-9cf3-c45659f3f484

https://www.globenewswire.com/NewsRoom/AttachmentNg/4577cfec-6301-4426-af59-ef56ad861f8c

FAQ

What is the expected production capacity of MNTK's new Tulsa RNG facility?

The facility is designed to produce approximately 1,500 MMBtu per day of Renewable Natural Gas.

How much is MNTK investing in the Tulsa RNG project?

Montauk Renewables expects to invest between $25 million to $35 million in the project.

When will MNTK's Tulsa RNG facility begin operations?

The facility has a targeted commissioning date in the first quarter of 2027.

Where is MNTK's new RNG facility being constructed?

The facility is being constructed at the American Environmental Landfill in Tulsa, Oklahoma.