Montauk Renewables to build biogas facility in Orange County, California
27/06/2023 23:27
June 27 (Reuters) - Montauk Renewables Inc MNTK.O said
on Tuesday it will develop a renewable natural gas (RNG) project
at a municipal waste landfill site in Irvine, California.
RNG, also known as biogas, is captured from organic waste in
landfills and can be a substitute to fossil-fuel natural gas,
resulting in a lower carbon footprint.
The company said the project will be undertaken by its
subsidiary Bowerman Power at the Frank R. Bowerman waste
landfill site.
This marks the Montauk's second landfill gas-to-energy
initiative in Orange County alongside the existing 20 megawatt
renewable electric generation facility commissioned by it in
2016.
Capital investment for the project is estimated between $85
million and $95 million, the company said, with its
commissioning expected in 2026 to produce about 3,600 million
British thermal units per day.
"Our project with Montauk supports the circular economy by
taking a waste product and producing renewable natural gas that
can be used to power vehicles, heat homes and generate
electricity in our communities," said Tom Koutroulis, director
of the Orange County Waste & Recycling Department.
The Inflation Reduction Act signed last year expanded
available tax credits to include biogas systems that produce
heat and natural gas, previously available only to projects that
generated electricity.
(Reporting by Arshreet Singh; Editing by Shweta Agarwal)
((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets;))