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Montauk renewables, inc. signs letter of intent with european energy to provide co2 for e-methanol production

Pittsburgh, aug. 07, 2023 (globe newswire) -- montauk renewables, inc. (nasdaq: mntk) (“montauk” or the “company”) and its subsidiary, montauk energy holdings, llc, announced the company signed a letter of intent (“loi”) with ee north america, llc (“ee north america”), a north american subsidiary of denmark–based european energy, to deliver all biogenic carbon dioxide (“co2”) volumes from all its texas facilities sufficient for large scale production of e-fuels such as e-methanol. the initial delivery period is expected to begin in 2026 and is expected to last for 15 years upon final agreement. the loi immediately commits montauk's co2 from its texas facilities to ee north america's texas project.
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