Krtv
Montana Renewables gets $1.4B commitment from federal agency
A.Davis1 hr ago
The U.S. Department of Energy announced this week a conditional commitment for a loan guarantee of up to $1.44 billion to Montana Renewables, LLC (MRL).
MRL is a subsidiary of Calumet, which operates the refinery in Great Falls.
A news release from the U.S. Department of Energy says the project is expected to create, at its peak, 450 construction jobs and up to 40 new operations jobs.
The loan guarantee, if finalized, will help finance the expansion of a renewable fuels facility in Great Falls that will utilize vegetable oils, fats, and greases to produce sustainable aviation fuel (SAF), renewable diesel (RD), and renewable naphtha (RN).
Read the full article:https://www.krtv.com/news/great-falls-news/montana-renewables-gets-1-4b-commitment-from-federal-agency
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