Sustainability and Environment
Biden Administration Swings Big on SAF
Loan packages fund producers in Montana and South Dakota
Montana Renewables faciilty in Great Falls, Montana
The Montana Renewables biofuel refinery in Great Falls, Montana, is set to receive a $1.4 billion infusion to boost its capacity to more than 300 million gallons of renewable fuels by 2030. © Calumet Specialty Products

The U.S. Department of Energy (DOE) made a nearly $3 billion investment in the future of sustainable aviation fuel (SAF) this week with guaranteed loans to two major producers.

As part of the Biden Administration’s Investing in America agenda, the DOE’s loan program office issued a commitment for a finance package worth more than $1.4 billion to Calumet subsidiary Montana Renewables, which in the span of less than two years has become one of the largest SAF producers in the U.S. The loan would support the expansion of the company’s Great Falls, Montana facility from an output of 140 million gallons per year of biofuels (mainly renewable diesel) to 315 million gallons a year of mostly SAF.

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