Montauk Renewables Signs Letter Of Intent With European Energy To Provide CO2 For e-Methanol Production; Delivery Period To Begin In 2026 And Expected To Last For 15 Years
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables has signed a letter of intent with European Energy to provide CO2 for e-Methanol production. The delivery period is set to begin in 2026 and is expected to last for 15 years.
August 07, 2023 | 12:40 pm
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Montauk Renewables' new partnership with European Energy for CO2 supply for e-Methanol production could potentially boost its revenues and profitability in the long term.
The news of Montauk Renewables' partnership with European Energy is directly relevant to the company and its future operations. The deal, which is set to begin in 2026 and last for 15 years, could provide a significant boost to the company's revenues and profitability. This could potentially have a positive impact on the company's stock price in the short term as investors may view this as a positive development for the company's future growth prospects.
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