Calumet Inc Secures $1.44 Billion Loan Guarantee for Renewable Fuels Expansion in Montana

Credit: John Guccione/Pexels

's division has received a conditional loan guarantee of up to $1.44 billion from the US government to support the expansion of its renewable fuels production in . The announcement was made by the Department of Energy (DOE) on Wednesday.

If finalized, the loan guarantee will aid Montana Renewables LLC in enhancing its renewable fuels facility in Great Falls, aiming to more than double its output to approximately 315 million gallons per year, primarily in (SAF).

The Great Falls plant, operational since late 2022, currently produces around 140 million gallons of biofuels annually, including SAF, renewable diesel, and renewable naphtha, with the majority sourced from , fats, and greases.

Calumet stated that the expansion would position it as one of the largest SAF producers globally, with the potential to manufacture 300 million gallons of SAF and 330 million gallons of combined SAF and renewable diesel. The company plans to commence construction in 2025 and complete the project by 2028.

This commitment aligns with the Biden-Harris Administration's objective to enhance domestic SAF production to 3 billion gallons annually by 2030, escalating to 35 billion gallons by 2050.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Support Renewable Energy News!

At EnergyMagz, we believe that reliable, up-to-date news on renewable energy is vital for driving the world toward a sustainable future. By contributing, you’re not only supporting quality journalism, but also helping to shape the world’s transition to greener solutions.
DONATE  NOW
Every contribution, no matter the size, makes a difference.
close-link