Calumet Specialty Products Partners L P : Announces Close of Renewable Hydrogen Project Financing - Form 8-K
January 07, 2022 at 03:48 am IST
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Calumet Announces Close of Renewable Hydrogen Project Financing
INDIANAPOLIS - (PR NEWSWIRE) - January 4, 2022 - Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT, "Calumet") announced today that Montana Renewables LLC ("MRL") has closed the previously announced $50 million of project financing from Stonebriar Commercial Finance LLC ("Stonebriar") 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 www.calumetspecialty.com.
About Calumet Specialty Products Partners, L.P.
Calumet manufactures, formulates, and markets a diversified slate of specialty branded products to customers in various consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, IN and operates twelve facilities throughout North America. More information can be found at www.calumetspecialty.com.
Contacts:
Brad McMurray, Director Investor Relations: 317-957-5378
Media Oakes, Director Corporate Communications: 317-957-5319
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Calumet Specialty Products Partners LP published this content on 06 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2022 22:17:02 UTC.
Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a range of consumer-facing and industrial markets. In its Specialty Products and Solutions segment, the Company manufactures and markets a variety of solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. Its Montana/Renewables segment consists of two facilities, renewable fuels, and specialty asphalt. At its Montana Renewables facility, it processes a variety of geographically advantaged renewable feedstocks into renewable diesel, sustainable aviation fuel (SAF), renewable hydrogen, and others. At its Montana specialty asphalt facility, it processes Canadian crude oil into conventional gasoline, diesel, and others. In its Performance Brands segment, it blends, packages and markets high performance products through its Royal Purple, Bel-Ray, and TruFuel brands.
CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 
