Montauk Renewables Announces Filing of Provisional Patent Application for New Acid Neutralization Technology
PITTSBURGH, July 28, 2022 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas (“RNG”), today announced the Company has filed a provisional patent application with the U.S. Patent and Trademark Office (USPTO) pertaining to a combustion based oxygen removal condensate neutralization technology.
The patent application is directed to a new acid neutralization technology that is a critical and integral component in eliminating the harmful acidic condensate that is produced when wastewater is removed from the biogas conversion process. Without a mitigating measure, high acidity can result in expenses of hundreds of thousands of dollars in damage associated with the processing facility components as well as downtime for equipment replacement and troubleshooting. The Company has identified a successful demonstration of a reduction in unfavourable pH condensate through the considerable testing that has been completed to-date. The filing of this provisional patent application aligns to Montauk’s continued efforts to deploy technology within the Company’s existing portfolio for landfill biogas recovery.
“We are excited to announce the provisional patent application for our innovative acid neutralization technology,” said Sean McClain, Montauk Renewables CEO. “The patent application reflects Montauk’s on-going commitment to technological innovation to stay ahead of market competitors and we are excited about the advantages associated with this technology.”
About Montauk Renewables, Inc.
Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has current operations at 15 operating projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com
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