Wrap Text
Approval of provisional California air resource board Carbon Intensity Score for Pico Energy site in Idaho
MONTAUK RENEWABLES, INC.
Incorporated in the United States of America
Company number: 85-3189583
NASDAQ share code: MNTK
JSE share code: MKR
ISIN: US61218C1036
("Montauk Renewables" or the "Company")
Montauk Renewables, Inc. Announces Approval of Provisional California Air Resource Board Carbon
Intensity Score for Pico Energy Site in Idaho
PITTSBURGH, March 29th, 2023 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (NASDAQ:
MNTK) (the “Company”) today announced that on March 27, 2023 the Company’s Tier 2 application
with the California Air Resource Board (CARB) was certified (the “Project”).
The Company sought provisional certification of a Tier 2 pathway for biomethane (Bio-CNG) production
at its Pico Energy facility in Idaho from anaerobic digestion of dairy manure. Pico Energy, LLC owns and
operates the facility which upgrades biogas to biomethane. The biomethane is then injected
into the pipeline onsite and supplied to CNG vehicles in California as bio-CNG.
The approved provisional Carbon Intensity Score (CI Score) is -260.56. This certified CI value will be
used to report and generate Low Carbon Fuel Standards credits (LCFS Credits) for fuel quantities from
the Pico Energy facility starting with the fourth quarter of 2022.
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-
fuelled renewable energy projects. The Company has current operations at 15 operating projects located
in California, Idaho, Ohio, Oklahoma, Pennsylvania, North 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 and Secretary
investor@montaukenergy.com
(412) 747-8700
Investor Relations Contact:
Georg Venturatos
Gateway Investor Relations
MNTK@GatewayIR.com
(949) 574-3860
Sponsor
Investec Bank Limited
Safe Harbor Statement
This release contains forward-looking statements regarding our approval of the provisional California Air
Resource Board Carbon Intensity score for the Pico Energy site in Idaho and the credits that may be
generated from Q4 of 2022.
Forward-looking statements are necessarily subject to numerous assumptions, risks and uncertainties,
which change over time. Future events or circumstances may change our expectations and may also affect
the nature of the assumptions, risk and uncertainty to which our forward-looking statements are subject.
The forward-looking statements in this release speak only as of the date of this release, and we assume no
duty, and do not undertake, to update them. Actual results or future events could differ, possibly
materially, from those that we anticipated in these forward-looking statements. As a result, we caution
against placing undue reliance on any forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors, many of which are
beyond the Company’s control and are difficult to predict, including, without limitation, the price of
LCFS credits, the number of LCFS credits generated by our dairy farms, the reduction or elimination of
economic incentives for renewable energy projects risks related to the acquisition, financing, construction
and development of new projects and the other risk factors described in more detail in the Company’s
2022 Form 10-K and other filings with the U.S. Securities and Exchange Commission at www.sec.gov.
We have included this web address as inactive textual reference only. Information on this website is not
part of this document.
Date: 29-03-2023 07:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
