EE North America and Montauk Renewables forge agreement

There, the CO₂, along with green hydrogen, will be synthesised to create e-methanol, a versatile substance with applications in shipping as e-fuel, as a raw material for sustainable green plastics, and blended in heavy transport.

This strategic partnership holds promise, preventing critical amounts of CO₂ from entering the atmosphere. Montauk and EENA’s approach transforms what was once considered a waste product into a commercial feedstock, with sustainably sourced biogenic CO₂ provided by Montauk. Simultaneously, it opens a new revenue stream for Montauk Renewables, illustrating the economic viability of environmentally conscious initiatives.

Lorena Ciciriello, CEO of EENA, echoed the sentiment, emphasising the transformative potential of the partnership: "As we pioneer the clean energy transition, it's imperative to forge alliances that drive real change. Our collaboration with Montauk is more than a transaction; it's a shared commitment to a sustainable future. By harnessing our collective strengths and thinking creatively, we're positioning ourselves as leaders in the clean energy landscape."

Sean McClain, CEO of Montauk, underscored the impact of the collaboration: "This agreement is illustrative of our commitment to environmental stewardship, leveraging our deep history of the collection and beneficial conversion of pollutants. This endeavour is more than revenue generation and diversification, it is forging a relationship to actively fight against climate change. Our collaboration with EE North America is the next step in Montauk’s dedication to enhance shareholder value through sustainable, decarbonised fuel sources."

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/16022024/ee-north-america-and-montauk-renewables-forge-agreement/