DOE informs Calument that $782M loan guarantee delayed to confirm alignment with White House priorities

In Montana, Calumet, Inc. has been informed by the U.S. Department of Energy Loan Programs Office that the first tranche of approximately $782 million under the guaranteed loan facility that was previously approved for funding January 28 will undergo a tactical delay to confirm alignment with White House priorities.  The loan facility, which closed on January 10, will fund the construction and expansion of the renewable fuels facility in Great Falls, Montana, owned by Montana Renewables, LLC, an unrestricted subsidiary of Calumet. The Company was informed that the delay should be days or weeks.