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Calumet’s renewable hydrogen project reaches financial close

Published by , Editorial Assistant
Hydrocarbon Engineering,

Calumet Specialty Products Partners, L.P. (Calumet) has announced that Montana Renewables LLC (MRL) has closed the previously announced US$50 million of project financing from Stonebriar Commercial Finance LLC (Stonebriar) related to construction of the renewable hydrogen plant for Calumet's renewable diesel business in Great Falls, Montana, US.

Once complete, the renewable hydrogen plant will allow increased production of renewable diesel and further reduce the carbon intensity of products from MRL.

The plant has an expected operational start-up in 4Q22.

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