Montauk Renewables to sell part of its RNG to Iogen for sale to EU market

In Pennsylvania, Montauk Renewables, Inc. has signed an agreement to sell a portion of its Renewable Natural Gas production as a feedstock to make fuel for the European market.

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 in transport under the European Union Renewable Energy Directive.