Montana renewables receives $1.44 billion conditional commitment from doe for renewable fuels and biomass energy facility

Montana renewables to expand sustainable aviation fuel capacity by 300 million gallons per year indianapolis , oct. 16, 2024 /prnewswire/ -- calumet, inc. (nasdaq: clmt) ("calumet," "we," "our" or "us") announced today that the u.s. department of energy ("doe") loan programs office ("lpo") has awarded a conditional commitment for a loan guarantee of up to $1.44 billion to fund the construction and expansion of a renewable fuels facility owned by montana renewables, llc ("montana renewables" or "mrl").  montana renewables is an unrestricted subsidiary of calumet.
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