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

1. Montauk breaks ground on a new RNG project in Tulsa, Oklahoma. 2. The facility will have a capacity of 1,500 MMBtu per day. 3. Project supporting growth of landfill gas feedstock through Montauk's investment. 4. Capital investment estimated between $25 million and $35 million. 5. Commissioning targeted for the first quarter of 2027.

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Why Bullish?

The announcement of a new RNG facility reflects Montauk's growth strategy. Historical projects have generally resulted in positive market reactions for renewable energy companies.

How important is it?

The project represents a significant investment and new revenue potential for Montauk. Its success could enhance investor confidence.

Why Long Term?

The project will take time to develop but aligns with long-term energy trends. Renewable energy sectors often benefit from extended horizons as sustainability gains importance.

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AELNEEAXSENPHSEDG
April 10, 2025 16:30 ET  | Source: Montauk Renewables 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 VenturatosGateway GroupMNTK@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

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