Montauk Renewables Signs Letter of Intent With European Energy To Provide CO2 for e-Methanol Production
Montauk Renewables and its subsidiary, Montauk Energy Holdings has signed a Letter of Intent with EE North America, a North American subsidiary of Denmark–based European Energy, 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 is a North American subsidiary of Denmark–based European Energy that, for the past 19 years, has been committed to being a leading player in the development of renewable energy. 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.