Group 1 - Calumet, Inc. plans to attend the Bank of America Global Energy Conference in Houston on November 11, 2025, and will hold one-on-one investor meetings at the conference [1] - Calumet manufactures, formulates, and markets a diversified range of specialty branded products and renewable fuels for various consumer-facing and industrial markets [2] - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities across North America [2] Group 2 - Montana Renewables, in collaboration with Calumet Montana Refining, has launched MaxSAF™ Blended, which advances sustainable aviation fuel by commissioning onsite blending and shipping facilities [4]

Core Insights - Montana Renewables (MRL) has launched a 50/50 blend of renewable and fossil jet fuel, certified under ASTM D7566 and ASTM D1655 specifications, in collaboration with Calumet Montana Refining (CMR) [1][4] - The blended fuel, named MaxSAF, is compatible with existing systems and will be distributed through AEG Fuels' network to select aviation hubs in Montana, Washington, and Oregon [2][7] Company Overview - Montana Renewables is a leading renewable fuel company based in Great Falls, Montana, producing Sustainable Aviation Fuel (SAF), Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha [5] - MRL is one of only three SAF producers operating at commercial scale in North America, addressing the growing demand for sustainable fuels [5] - The company utilizes low-carbon feedstocks from Pacific Northwest agricultural operations, including tallow and used cooking oil, to produce renewable transportation fuels with lower emissions than conventional fossil fuels [5] Strategic Partnerships - AEG Fuels has expressed pride in collaborating with Montana Renewables on the SAF blend, highlighting the importance of strategic partnerships in advancing sustainable aviation [4][7] - The partnership aims to provide a drop-in fuel solution that aligns with Environmental, Social, and Governance (ESG) goals, reduces emissions, and enhances brand leadership for customers [7] Environmental Impact - The introduction of SAF is expected to significantly reduce lifecycle greenhouse gas emissions and improve air quality compared to traditional Jet A fuel [7] - The initiative supports a circular economy by utilizing agricultural byproducts in fuel production, contributing to sustainability efforts [7]