Montauk Renewables signs agreement to develop $85-95M RNG project at Orange County landfill, targeting 2026 startup

Montauk Renewables, Inc.

Capital investment of $85-95M for RNG facility at Bowerman Landfill; nameplate capacity ~3,600 MMBtu/day.
Targeted commissioning in 2026; existing disputes with Orange County settled under the Third Amendment.
New royalty structure guarantees minimum annual royalty with tiered rates based on gross revenue and market price.
Upon RNG commercial operation, agreement term updated to 20 years; further extensions possible.
Montauk's subsidiary Bowerman Power LFG will construct, own, and operate the high-BTU conversion facility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Montauk Renewables, Inc. amended Third Amendment to the Landfill Gas Rights and Production Facilities Agreement and Settlement Agreement with County of Orange (effective 2023-06-27).

Action: amendment
Agreement: settlement
Counterparty: County of Orange
Effective: 2023-06-27

Exact text from the filing

On June 27, 2023, Montauk Renewables, Inc. ("Montauk") through its subsidiary Bowerman Power LFG, LLC ("Bowerman"), entered into the Third Amendment to the Landfill Gas Rights and Production Facilities Agreement and Settlement Agreement with the County of Orange (the "Agreement").

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Montauk Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-180481

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