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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.

CLMT

Calumet entered into a First Amendment to its DOE Loan Guarantee Agreement supporting Montana Renewables’ facility expansion in Great Falls.

The amendment shifts the project to repurposing existing equipment and phased scopes, reducing the maximum guaranteed principal to $815.8 million and maximum…