Montauk Renewables, through its subsidiary, Bowerman Power, announced its planned development of a renewable natural gas, or RNG, landfill gas project in Irvine, CA at the Frank R. Bowerman Landfill. After approval of required environmental review, this planned Project will be the second landfill gas-to-energy project developed by the Company in Orange County and will operate in addition to the approximately 20MW Renewable Electric Generation, or REG, facility commissioned in 2016. The Project is anticipated to process the large and growing volumes of biogas in excess of the existing capacity of the REG facility. With a targeted commissioning date in 2026, the Company currently expects the Project capital investment to range between $85M-$95M, which is anticipated to have production nameplate capacity of approximately 3,600 MMBtu per day, assuming currently forecasted biogas feedstock volumes that are projected to be available from the host landfill at the time of commissioning.
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