Calumet amends DOE loan guarantee; trims Montana Renewables funding to $815.8M
Calumet entered a First Amendment to its DOE Loan Guarantee Agreement tied to Montana Renewables’ Great Falls facility expansion. The amendment repurposes existing equipment and phases scopes, reducing maximum guaranteed principal to $815.8 million.
Calumet entered into a First Amendment to its DOE Loan Guarantee Agreement for Montana Renewables’ facility expansion in Great Falls. The amendment changes the project to repurpose existing equipment and use phased scopes, cutting the maximum guaranteed principal to $815.8 million.