MONTAUK RENEWABLES INC - Montauk Renewables, Inc. and American Environmental Landfill, Inc. Break Ground on Tulsa RNG Project

Montauk Renewables, Inc. and American Environmental Landfill, Inc. Break Ground on Tulsa RNG Project

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. and American
Environmental Landfill, Inc. Break Ground on Tulsa RNG Project

PITTSBURGH, April 10, 2025 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or
"the Company") (NASDAQ: MNTK) announces that its subsidiary, Tulsa LFG, LLC broke ground
on a Renewable Natural Gas ("RNG") landfill gas project at the American Environmental Landfill,
Inc. ("AEL") in Tulsa, Oklahoma in a ceremony on Wednesday, April 9, 2025 (the "Project").


The Project is accompanied by an extension of its existing gas rights and lease agreement with
the landfill host, American Environmental Landfill, Inc. ("AEL"). With a variable inlet capacity
design, the new RNG facility is anticipated to have a production nameplate capacity averaging
approximately 1,500 MMBtu per day, capable of beneficially processing all of the available inlet
gas feedstock from its host landfill, which has been meaningfully increasing through Montauk's
wellfield investment over the past year.


"Montauk is excited to announce the development of our new RNG facility in Tulsa, Oklahoma,
in continued support of AEL, one of our most prized relationships in our portfolio," said Sean
McClain, Montauk Renewables CEO. "We believe this project is indicative of our core growth
strategy, to align ourselves with exemplary host businesses, and synchronize their growth needs
with our development initiatives. The strong historical and continued growth of available
feedstock at this project location is a great example of how successful these partnerships can
be."


Montauk expects its project capital investment to range between $25 million to $35 million and
has a targeted commissioning date in the first quarter of 2027.
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-fueled renewable energy projects. The Company has
operations at 13 projects and ongoing development projects located in California, Idaho, Ohio,
Oklahoma, Pennsylvania, North Carolina, South 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

Sponsor:
Investec Bank Limited


Company Contact:

John Ciroli
Chief Legal Officer (CLO) & Secretary
investors@montaukrenewables.com
(412) 747-8700


Investor Relations Contact:

Georg Venturatos
Gateway Group
MNTK@Gateway-grp.com
(949) 574-3860

Date: 11-04-2025 07:05:00
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