Calumet announces close of renewable hydrogen project financing

By Calumet Specialty Products Partners L.P. | January 17, 2022

Calumet Specialty Products Partners L.P. announced Jan. 4 that Montana Renewables LLC has closed the previously announced $50 million of project financing from Stonebriar Commercial Finance LLC 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. 

For more information, Calumet has provided an updated investor deck which can be found in the "Events and Presentations" section of the Investor Relations page of the company's website at