Montana Renewables Receives First Drawdown from $1.44 Billion DOE Loan Facility
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Calumet, Inc.'s subsidiary, Montana Renewables, has received an initial $782 million from a $1.44 billion DOE loan to expand its Sustainable Aviation Fuel capacity to 300 million gallons per year.
February 18, 2025 | 2:30 pm
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POSITIVE IMPACT
Calumet's subsidiary, Montana Renewables, received $782 million from a DOE loan to expand its renewable fuels facility, enhancing its Sustainable Aviation Fuel capacity.
The DOE loan will significantly enhance Montana Renewables' production capacity, likely boosting Calumet's revenues and market position in renewable fuels.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90