- Emvolon, an MIT spin-off, announced a collaboration with Montauk Renewables, Inc. to convert methane emissions into carbon-negative fuels. - The initial pilot will demonstrate the conversion of biogas into green methanol at Montauk's site in Humble, Texas. - Emvolon uses patented technology that repurposes car engines as modular chemical plants to convert methane onsite into green chemicals and fuels. - The produced carbon-negative fuels can be transported in standard truck containers for hard-to-abate sectors like maritime and aviation. - This collaboration aims to monetize flared tail gas resources at low cost while eliminating greenhouse gas emissions. - Emvolon’s CEO stated that the pilot project aims to produce up to 15,300 gallons of green methanol yearly, with potential for a full-scale system producing 2,400,000 gallons annually. - Montauk's CEO highlighted their expertise in biogas recovery and the importance of enhancing products sourced from biogas for economic vitality. - Emvolon was founded in 2021 to aid industries such as agriculture and aviation in reducing emissions by utilizing their patented technology. - Montauk Renewables specializes in managing and converting biogas into renewable natural gas and has over 30 years of experience in the field. - The company operates 14 projects and is involved in ongoing developments across various states.

Emvolon and Montauk Renewables, Inc. Announce Collaboration to Transform Methane Emissions into High-Value, Carbon-Negative Fuel:

October 07, 2024 09:00 AM Eastern Daylight Time

WOBURN, Mass.--(BUSINESS WIRE)--Emvolon, an MIT spin-off that converts greenhouse gas emissions into carbon-negative fuels and chemicals, today announced an agreement with Montauk Renewables, Inc. (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas from waste into renewable natural gas. Leveraging Emvolon’s patented technology, the initial pilot is a commercial-scale demonstration of recovering and converting biogas into green methanol, which is expected to take place at Montauk’s renewable gas production site at a landfill in Humble, Texas.

By repurposing car engines as cost-effective, modular chemical plants, Emvolon has designed a technology platform that converts the methane in biogas onsite into ready-to-use, easy-to-transport liquid green chemicals and fuels, such as green methanol and ammonia. The carbon-negative chemicals and fuels can then be transported in standard truck containers to be used in hard to abate emissions sectors like maritime and aviation. This system offers a way for Montauk to monetize otherwise flared tail gas resources at low cost and without expensive pipeline infrastructure, while also eliminating the greenhouse gas emissions these incinerated resources would otherwise generate.

“After successfully showcasing our technology at our 5,000 square-foot testing and development facility here in Massachusetts, we’re now focused on commercially scaling the production of green methanol,” said Dr. Emmanuel Kasseris, CEO of Emvolon. “We’re thrilled to kick off this pilot with Montauk, a leader in renewable energy development that’s paving the way for other major corporations to turn biogas from landfills into valuable carbon-negative fuels and chemicals. Our technology doesn’t rely on oil pipelines, thereby eliminating scale-up risk, reducing deployment costs by millions, and cutting implementation timelines to just months. As a result, we’re helping transform emissions-producing, wasted resources into valuable, revenue-generating opportunities.”

The pilot is designed to produce up to 15,300 gallons of green methanol per year and may eventually lead to a full-scale, commercial system capable of producing up to 2,400,000 gallons of methanol annually at the same or similar sites.

Sean McClain, CEO of Montauk, commented, “For more than three decades, we’ve specialized in the recovery and processing of biogas from landfills and other non-fossil fuel sources. Working with Emvolon, we’re excited to leverage our expertise as one of the largest U.S. producers of renewable natural gas and, together, continue to enhance the suite of beneficial use products sourced from biogas, and the economic vitality of these environmental stewardship projects.”

About Emvolon

Founded in 2021 and launched from MIT, Emvolon helps hard-to-abate industries such as agriculture, aviation, energy, maritime and waste management power the global economy without producing emissions. The company’s patented technology converts greenhouse gas emissions into carbon-negative fuels and chemicals like green methanol and green ammonia onsite by repurposing mass-produced automotive engines as cost-effective, modular chemical plants. Learn more at emvolon.com or follow them on LinkedIn.

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 current operations at 14 operating 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.

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(412) 747-8700

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Gateway Group
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