Montana Renewables to Expand Renewable Energy Facility
Montana Renewables, a part of Calumet Inc., has secured a $1.44 billion loan guarantee from the Department of Energy (DOE). The funding will support the company as they expand their Great Falls facility, achieving the status of the largest producer of sustainable aviation fuel worldwide.
The renewable energy firm uses waste feedstock to produce low-emission alternatives like renewable hydrogen, diesel, and sustainable aviation fuel (SAF). The company plans to substantially increase its SAF production by 300 million gallons annually by 2028.
This expansion is set for completion by 2028, aligning with national efforts to transition from fossil fuels.
The loan will be released in two phases, starting with $778 million expected to close by the end of this year. The expansion will include:
- Building a new renewable fuels reactor
- Increasing renewable hydrogen production
- Adding SAF blending and logistics assets
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