Montauk Renewables ^{Priced, Nasdaq: MNTK}

Montauk Renewables, Inc., a Delaware corporation (“Montauk”), is a renewable energy company specializing in the recovery and processing of environmentally detrimental methane (“biogas”) from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. We develop, own, and operate renewable natural gas (“RNG”) projects, using proven technologies that supply RNG into the transportation industry and use RNG to produce electrical power for the electrical grid (“Renewable Electricity”). Having participated in the industry for over 30 years, we are one of the largest U.S. producers of RNG. We established our operating portfolio of 12 RNG and three Renewable Electricity projects through self-development, partnerships, and acquisitions that span six states and have grown our revenues from $34.0 million in 2014 to $107.4 million in 2019. Biogas is produced by microbes as they break down organic matter in the absence of oxygen (during a process called anaerobic digestion). Our two current sources of commercial scale biogas are landfill gas (“LFG”) and anaerobic digester gas (“ADG”), which is produced inside an airtight tank used to breakdown organic matter, such as livestock waste.