Montauk Renewables, Inc. (NASDAQ:MNTK) Q4 2022 Earnings Call Transcript

Craig Shere: Good afternoon. Given the weakness in environmental attribute pricing of late LCFS somewhat steady over the past year plus and more recently RINs. Is the fixed price institutional voluntary market looking more attractive, or is the international opportunity to monetize environmental attributes looking more attractive? I know you participated in both of those.

Sean McClain: That’s a great question Craig. The both the voluntary market as well as the international markets have continued to provide interesting opportunities to secure a relatively healthy baseline of revenue streams as an alternative to selling directly into the market. Our business model allows for us to divert volumes out of the RFS market to take advantage of those opportunities as they become available and the business routinely entertains and discusses with voluntary market off-takers as well as folks that participate even as obligated parties in the RFS that are looking for alternative structures beyond just a straight purchase of the D3 RIN attribute.

Operator: Thank you. And I’m showing no further questions at this time. I would now like to turn the conference back to Sean McClain, for closing remarks.

Sean McClain: Well, we thank you for taking the time to join us on the conference call today. And we look forward to speaking with you again, on our 2023 first quarter conference call.

Operator: And this concludes today’s conference call. Thank you for participating. You may now disconnect.