Montauk Renewables, Inc.

Montauk Renewables, Inc. is a renewable energy company that recovers and processes biogas from landfills and other non-fossil fuel sources, converting it into renewable fuel. The company develops, owns, and operates Renewable Natural Gas (RNG) projects, supplying renewable fuel to the transportation and electrical power sectors. Montauk is one of the largest U.S. producers of RNG, with over 30 years of industry experience. Its operating portfolio includes eleven RNG and two Renewable Electricity projects across seven states, established through self-development, partnerships, and acquisitions. The company's common stock began trading on the Nasdaq Capital Market under the symbol "MNTK" in January 2021 and is also listed on the Johannesburg Stock Exchange under the symbol "MKR." Montauk's revenues come from two main sources: the commodity value of the natural gas or electricity generated, sold through various term-length agreements, and the Environmental Attributes derived from producing RNG and Renewable Electricity. Current operating projects produce either RNG or Renewable Electricity by processing biogas from landfill sites or agricultural waste from livestock farms. The company secures biogas feedstock, primarily landfill gas (LFG) or anaerobic digester gas (ADG), through long-term fuel supply and property lease agreements with biogas site hosts. Montauk then designs, builds, owns, and operates facilities to convert this biogas into RNG or use it to produce Renewable Electricity.