US-based Montauk Renewables and its subsidiary Montauk Energy Holdings has announced that it will deliver all biogenic carbon dioxide (CO2) volumes from its Texas facilities to EE North America for the large-scale production of e-methanol.
As the North American subsidiary of Denmark-based European Energy, EE North America plans to construct a Power-to-X plant in Texas that would take the biogenic CO2 from Montauk’s locations and use it in the production of e-methanol to be harnessed as fuel for maritime shipping operations.
Having signed a Letter of Intent (LOI), the partners anticipate delivery of the CO2 to begin in 2026 and is expected to last for 15 years upon final agreement.
“The expected agreement between Montauk and EE North America will have a positive impact on the global reduction of CO2, a greenhouse gas that contributes to climate change, while continuing to expand and diversify our revenue sources in this case with fixed-price commodity sales,” said Sean McClain, CEO of Montauk.
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