Montauk, Biogas Tech Startup Partner for Flared Gas Methanol JV
Emvolon, an MIT spin-off that converts greenhouse gas emissions into carbon-negative fuels and chemicals, and Montauk Renewables, Inc. (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas, today announced a joint venture to develop multiple biogas-to-green methanol projects. Following a successful field demonstration project, Emvolon and Montauk plan to deploy a portfolio of biogas-based sites with an aggregate annual production capacity of up to 50,000 metric tons of green methanol by 2030 and beginning with the Atascocita Humble Renewable Energy (HRE) facility in Humble, Texas.