Montauk Renewables Plans To Develop Renewable Natural Gas Facility In Orange County, California
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables plans to develop a renewable natural gas facility in Orange County, California. The project, expected to be commissioned in 2026, will process large volumes of biogas. The projected capital investment is between $85M and $95M, with a production capacity of approximately 3,600 MMBtu per day.
June 27, 2023 | 9:38 pm
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Montauk Renewables is investing in a renewable natural gas facility, which is expected to increase its production capacity and potentially its revenues.
The news directly pertains to Montauk Renewables' future operations and potential revenue growth. The company's investment in a new facility indicates a strategic move to increase its production capacity, which could lead to increased revenues in the future. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the company's stock price.
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IMPORTANCE 80
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