MNTK - Montauk Renewables expands dairy digester RNG Project

Montauk Renewables (MNTK) announces the planned expansion of its dairy digester renewable natural gas cluster project in Jerome, Idaho.Montauk plans to pair the anticipated increase in feedstock supply with an intended rise in digestion capacity. With an expected total project cost of up to $18 million.Post-expansion, the project's digestion capacity is expected to increase by up to 160,000 GPD of additional feedstock supply, with a corresponding potential increase in RNG production by up to 300 MMBtu per day.Montauk expects to invest up to $5 million of these project costs in 2021 and initial stages of the project expansion likely to be operational by mid-2022.Project costs are expected to be funded with a combination of existing cash and new draws under the Company's existing credit facility.The existing project could generate additional revenue at current gas and attribute pricing levels, assuming expected capacity at completion, of approximately $68 per MMBtu.

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Montauk Renewables expands dairy digester RNG Project