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Mid-afternoon market update: Dow surges over 200 points, HyreCar shares plunge
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Montauk Renewables to expand dairy RNG project | Bioenergy Insight Magazine
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Montauk Renewables, Inc Expands Dairy Digester RNG Project
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In Pennsylvania, Montauk Renewables, Inc. has acquired privately-held NR3, LLC, (NR3) a pioneering environmental technology and renewable energy company, based in Greensboro, NC, that specializes in the recovery, refining, and recycling of natural resources from the waste streams of modern agriculture. Montauk, historically focused on the environmental compliance and recovery of methane from landfills, commissioned its first agriculture waste-to-energy cluster project in August 2020. The Company believes the NR3 acquisition could be transformative in expanding its focus on decarbonization projects and the remediation of environmental and social issues surrounding industrial agriculture in underserved communities.
As a result of the acquisition, Montauk will look to exclusively deploy specialized, patent-pending, near-zero-emissions technology of NR3, which, through a commercially proven process, converts animal and agriculture waste into forms of environmentally friendly, 100% org
Beginning July 2021, the Company will sell approximately 900,000 MMBtu annually of is production, currently monetized under an expiring domestic floor-price agreement, to Iogen RC Fuels, under a new 4.5 year fixed-price agreement to make vehicle fuel to serve the European market.
Montauk’s ability to enter into this Agreement was due to being selected through an October 2020 RFP award for a portion of its RNG production based on then current pricing of RNG and attribute model trends at the time of bid. The award was contingent on registration of proposed production facilities under the International Sustainability & Carbon Certification (“ISCC”), an international certification system covering a multitude of bio-based feedstocks and renewables catering to energy, food, feed, and chemical sectors. Montauk earlier announced successful registration of three of its RNG production facilities whose production may be now used to meet mandatory targets for the use of renewable energy i