Calumet Closes $1.44B DOE Loan for Renewable Fuel Expansion
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Calumet Specialty Products Partners, L.P. (CLMT) has secured a $1.44 billion loan from the Department of Energy (DOE) to expand its renewable fuel capabilities. Its subsidiary, Montana Renewables, is set to become a global leader in Sustainable Aviation Fuel, with a production capacity of 300 million gallons per year.
January 14, 2025 | 12:00 pm
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Calumet Specialty Products Partners, L.P. has secured a $1.44 billion loan from the DOE to expand its renewable fuel production, positioning its subsidiary, Montana Renewables, as a leader in Sustainable Aviation Fuel.
The $1.44 billion DOE loan will significantly enhance CLMT's renewable fuel production capabilities, particularly in Sustainable Aviation Fuel, which is a growing market. This positions the company for potential revenue growth and market leadership.
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IMPORTANCE 90
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