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.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/05012022/calumets-renewable-hydrogen-project-reaches-financial-close/
You might also like
Senior Director of Fuels & Vehicle Policy at the AFPM, Patrick Kelly, has issued a statement in response to the Environmental Protection Agency’s decision to grant RVP petitions and expand E15 sales in select Midwest states beginning in 2025.