Montana Renewables Receives $1.44 Billion Conditional Commitment from DOE for Renewable Fuels and Biomass Energy Facility
Calumet, Inc (CLMT)
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Source: PR Newswire
Montana Renewables to expand Sustainable Aviation Fuel capacity by 300 million gallons per yearINDIANAPOLIS, Oct. 16, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today that the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") has awarded a conditional commitment for a loan guarantee of up to $1.44 billion to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"). Montana Renewables is an unrestricted subsidiary of Calumet.The expansion would position Montana Renewables as one of the largest Sustainable Aviation Fuel ("SAF") producers globally with production capacity of approximately 300 million gallons of SAF and 330 million gallons of combined SAF and renewable diesel ("RD"). "We would like to thank the DOE LPO team for its dedication and partnership during this process," said Bruce Fleming, CEO of Montana Renewables. "Furthermore, our commitmen
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News
- Montana Renewables Receives Approval of Excise Tax RegistrationPR Newswire
- Calumet Announces Settlement of its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025 and Issues Notice of Full Redemption for the Remaining 11.00% Senior Notes due 2025PR Newswire
- Calumet Announces Expiration and Final Results for its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025PR Newswire
- Calumet to Participate in December 2024 Investor ConferencesPR Newswire
- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
CLMT
Earnings
- 11/8/24 - Miss
CLMT
Sec Filings
- 12/20/24 - Form 4
- 12/5/24 - Form 4
- 12/5/24 - Form 4
- CLMT's page on the SEC website