Montana Renewables Announces Closing of $1.44 Billion DOE Loan Facility for Renewable Fuels and Biomass Energy Facility

Initial loan proceeds of $782 million expected to be funded this month and balance of proceeds funded through planned construction period DOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per year INDIANAPOLIS, Jan. 10, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today the closing of a $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan w ...