Emvolon and Montauk Renewables Forge Joint Venture to Pioneer Biogas-to-Green Methanol Projects

Emvolon, an innovative MIT spin-off specializing in converting greenhouse gas emissions into carbon-negative fuels and chemicals, has partnered with Montauk Renewables, Inc., a leader in renewable energy and biogas management, to embark on a groundbreaking joint venture. This collaboration is set to develop multiple biogas-to-green methanol projects, with an ambitious target to achieve an aggregate annual production capacity of up to 50,000 metric tons by 2030. The initiative kicks off with the Atascocita Humble Renewable Energy (HRE) facility in Humble, Texas, which is expected to produce up to 6,000 metric tons of green methanol annually by converting a flared gas stream using Emvolon's patented technology.

This joint venture represents a significant leap forward in the utilization of biogas, extending its application beyond traditional renewable natural gas (RNG) and power generation. By transforming biogas into green methanol, Emvolon and Montauk are opening new avenues for decarbonizing industrial sectors, including shipping, aviation, and chemical manufacturing. The timing of this venture is particularly pertinent, following the International Maritime Organization's recent approval of new net-zero regulations targeting ships with more than 5,000 gross tonnage, which account for 85% of greenhouse gas emissions from international shipping.

The global market for green methanol is on a rapid ascent, with projections suggesting it could reach up to 14 million metric tons by 2030, according to the Methanol Institute. Emvolon and Montauk's venture is poised to capitalize on this demand by monetizing methane emissions that would otherwise be wasted, converting them into green methanol without generating new greenhouse gas emissions or relying on costly pipeline infrastructure and government subsidies.

Sean McClain, President and CEO of Montauk, highlighted the transformative potential of the partnership, stating, "The combination of Montauk’s expertise in methane capture and refinement with Emvolon’s innovative platform not only aids in decarbonizing critical sectors but also enhances the economic feasibility of biogas projects." Dr. Emmanuel Kasseris, CEO of Emvolon, added, "Our technology repurposes car engines to convert biogas into sustainable, revenue-generating resources, addressing the urgent needs of the global economy."

This venture underscores the growing importance of sustainable energy solutions and the role of innovative technologies in achieving environmental goals. For more information on Emvolon's technology, visit https://emvolon.com. Details about Montauk Renewables can be found at https://ir.montaukrenewables.com.