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Calumet Announces Close Of Renewable Hydrogen Project Financing

Calumet Announces Close Of Renewable Hydrogen Project Financing

01/04/22, 8:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgindianapolis
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT, "Calumet") announced today that Montana Renewables LLC ("MRL") has closed the previously announced $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. Once complete, the renewable hydrogen plant will allow increased production of renewable diesel and further reduce the carbon intensity of products from MRL. The renewable hydrogen plant has an expected operational startup in the fourth quarter of 2022.

Company Info

Company
Calumet Specialty Products Partners, L.P
Location
indianapolis, indiana, united states
Additional Info
Calumet manufactures, formulates, and markets a diversified slate of specialty branded products to customers in various consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, IN and operates twelve facilities throughout North America. More information can be found at www.calumetspecialty.com. SOURCE Calumet Specialty Products Partners, L.P.