Montana Renewables Announces Timing Update for DOE Loan Facility
Portfolio Pulse from
Calumet, Inc. announced a delay in the first tranche of a $782 million DOE loan for its subsidiary, Montana Renewables, due to alignment with White House priorities. The loan will fund renewable fuel facility expansion in Montana.
January 28, 2025 | 11:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Calumet, Inc. experiences a delay in receiving the first tranche of a $782 million DOE loan for its subsidiary, Montana Renewables. The delay is due to alignment with White House priorities.
The delay in the DOE loan could impact Calumet's timeline for the renewable fuels facility expansion. However, the delay is tactical and related to alignment with government priorities, suggesting it may not be a long-term issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90