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Montana Renewables receives $1.44 billion conditional commitment from DOE for renewable fuels and biomass energy facility

October 16, 2024

BY Calumet Inc.

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Calumet reports improved Q4 EBITDA for Montana Renewables

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Calumet Inc. released Q4 financial results on Feb. 28. During an earnings call, company officials discussed operations at its Montana Renewables facility, changing market dynamics for biobased-based diesel, and the company’s MaxSAF initiative.

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U.S. operable biofuels capacity held steady in December, with no changes for ethanol, biodiesel or renewable diesel, according to data released by the U.S. EIA on Feb. 28. Feedstock consumption was up slightly from the previous month.

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CARB on Feb. 26 released an updated market notice that outlines its plans for addressing regulatory clarity issues identified by the OAL that have delayed implementation of the LCFS amendments approved by CARB last year.

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Comstock Inc. on Feb. 28 announced a new $14 million investment and strategic collaboration with Marathon Petroleum Corp. to advance its lignocellulosic biomass refining solutions to commercial maturity.

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The government of British Columbia on Feb. 27 announced changes to the law governing its Low Carbon Fuels Standard that will require eligible renewable fuels to be produced in Canada. The changes also boost the renewable content requirements for diesel.

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