Montauk Renewables signs LOI with European Energy

Montauk Renewables announced the Company signed a Letter of Intent with EE North America to deliver all biogenic Carbon Dioxide volumes from all its Texas facilities sufficient for large scale production of e-fuels such as e-methanol. The initial delivery period is expected to begin in 2026 and is expected to last for 15 years upon final agreement. The LOI immediately commits Montauk’s CO2 from its Texas facilities to EE North America’s Texas project. EE North America intends to construct a Power-to-X facility in Texas that would take the biogenic CO2 from Montauk’s locations and use it in the production of e-methanol. The e-methanol would then be used to fuel vessels for maritime shipping operations. The LOI between Montauk and EE North America assists Montauk in synchronizing capital commitment timing at its Texas facilities with EE North America’s project. The planned delivery would prevent a critical amount of biogenic CO2 from entering the atmosphere and put it to beneficial use, creating a new fixed-price commodity revenue stream for Montauk.