- US-based renewable energy company, Montauk Renewables has listed on the Johannesburg Stock Exchange main board.
- The company also has a primary listing is on the Nasdaq in the US.
Montauk Renewables Inc. is a renewable energy company specializing in the recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. It develops, owns, and operates Renewable Natural Gas (“RNG”) projects, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. Having participated in the industry for over 30 years, we are one of the largest U.S. producers of RNG. The company has an operating portfolio of 12 RNG and three Renewable Electricity projects that span six states.
Montauk was previously listed on the JSE as Montauk Holdings. Montauk Renewables is a new listing resulting from the unbundling of Montauk Holdings.
JSE Capital Markets director Valdene Reddy said in a statement yesterday the listing was an opportunity for South African investors to invest in the green fuel space, and help preserve the planet for future generations. “We wish Montauk success in their growth journey as we all work together towards growing shared prosperity,” she said.
Author: Bryan Groenendaal