Calumet Closes $50 Million Financing for Its Renewable Hydrogen Plant
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Calumet Specialty Products Partners said that Montana Renewables has closed the $50 million of project financing from Stonebriar Commercial Finance 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.
About Calumet Specialty Products Partners
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, Indiana and operates twelve facilities throughout North America.
To stop by Calumet’s website, CLICK HERE
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