Montana Renewables Announces Timing Update for DOE Loan Facility

Core Points - Calumet, Inc. has announced a tactical delay in the disbursement of approximately $782 million from the U.S. Department of Energy's guaranteed loan facility, which is intended for the construction and expansion of a renewable fuels facility in Great Falls, Montana [1][2] - The CEO of Calumet emphasized alignment with White House priorities regarding domestic agriculture, energy security, and technical innovation, which have garnered bipartisan support for the loan [2] - The expansion of Montana Renewables, LLC (MRL) is expected to create significant regional economic benefits, including job creation and infrastructure development [3][4] Company Overview - Montana Renewables is a leading renewable fuel company producing Sustainable Aviation Fuel, Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha, and is the largest SAF producer in North America as of 2024 [5] - Calumet, Inc. manufactures and markets a diverse range of specialty branded products and renewable fuels across North America, operating twelve facilities [6] Economic Impact - An economic impact study predicts that by 2028, the Great Falls facility will support a population of 4,400 Montanans, primarily working-aged families [3] - The MRL expansion is projected to create 450 construction jobs and up to 40 operational jobs, contributing to local economic growth [4]