In Montana, Montana Renewables, in collaboration with Calumet Montana Refining (CMR), has commissioned onsite blending and shipping facilities to offer a nominal 50/50 blend of renewable and fossil jet fuel certified under ASTM D7566 and ASTM D1655 specifications. This finished product is drop-in compatible with all existing systems and will initially be distributed through AEG […]
In Montana, the Montana Free Press reports that the Trump Administration has released the freeze on Calumet’s $782 million loan disbursement. Funds are expected to arrive this week after the tactical review by the administration found that the loan was in line with its priorities. The disbursement is part of an $1.67 billion Department of […]
In Montana, Calumet, Inc. has closed a $1.44 billion guaranteed loan facility with the U.S. Department of Energy Loan Programs Office (“LPO”). The loan will fund the construction and expansion of the renewable fuels facility owned by Montana Renewables, LLC, an unrestricted subsidiary of Calumet. The expansion positions Montana Renewables as one of the largest […]
In Washington, as part of the Biden-Harris administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for a loan guarantee of up to $1.44 billion to Montana Renewables, LLC (Montana Renewables, or MRL) and a conditional commitment for a $1.46 billion loan guarantee to Gevo Net-Zero […]
