US-based renewable energy company, Montauk Renewables, listed on the Johannesburg Stock Exchange’s (JSE) Main Board, making this the first company listing for 2021. This listing is a secondary listing for the company under the alternative fuels classification. Montauk Renewables is a new listing resulting from the unbundling of Montauk Holdings.
A leader in renewable energy development from biogas, Montauk Renewables has been specialising in the recovery and processing of methane gas sources for use as an alternative to fossil fuels for over 30 years. The organisation has extensive experience in the development, operation, and management of biogas fuelled renewable energy projects.
Valdene Reddy, Director of Capital Markets at the JSE.
“As an organisation that is environmentally conscious, the JSE is pleased to welcome Montauk Renewables onto the Main Board. This listing is an opportunity for South African investors to invest in the green fuel
space, and help preserve our planet for future generations. We wish Montauk immense success in their growth journey as we all work together towards growing shared prosperity.”
The JSE now has 337 companies listed with a market capitalisation of over R18.9 trillion.