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.
News Market Reaction – MNTK
In the trading session that priced this news, MNTK gained 4.82%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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