Montana Renewables Receives $1.44 Billion Boost for Sustainable Aviation Fuel Production in Great Falls
Key Ideas
  • Montana Renewables secured a $1.44 billion loan guarantee from the U.S. Department of Energy to expand their Great Falls facility, aiming to become a leading sustainable aviation fuel producer globally.
  • The expansion project is projected to create 450 construction jobs and up to 40 permanent positions, contributing to economic growth in Montana.
  • The initiative is supported by Montana Senators Jon Tester and Steve Daines, highlighting the significance of the project for the state's energy production and job market.
  • The investment will enhance Montana's renewable fuels sector, aligning with national efforts to shift towards sustainable alternatives and reduce reliance on fossil fuels.
Montana Renewables, a part of Calumet, Inc., has received a substantial boost with a $1.44 billion loan guarantee from the U.S. Department of Energy to expand its Great Falls facility. The company focuses on utilizing waste feedstocks to produce low-emission alternatives such as renewable hydrogen, renewable diesel, and sustainable aviation fuel (SAF). With plans to significantly increase SAF production by 300 million gallons annually by 2028, the project aims to position the facility as one of the largest sustainable aviation fuel producers globally. This expansion initiative is expected to have a positive impact on the local community by creating 450 construction jobs and up to 40 permanent positions. The University of Montana’s Bureau of Business and Economic Research conducted an economic impact study, projecting significant benefits in terms of jobs, income, and government revenues for the state. Montana Renewables CEO, Bruce Fleming, emphasized the economic opportunities and growth potential this project brings to Montana, highlighting the importance of reinvesting in the local community and providing gainful employment. The project is seen as a crucial driver for expanding employment and community benefits. Senators Jon Tester and Steve Daines expressed their support for the project, recognizing its importance in enhancing energy production and providing high-paying jobs in the Great Falls community. The collaboration with the U.S. Department of Energy is seen as a significant step towards strengthening the renewable fuels sector and contributing to the state's economic development. The expansion, set for completion by 2028, is in line with national efforts to transition from fossil fuels. The $1.44 billion loan will be released in two phases, with the first phase of $778 million expected to close by the end of the year. The expansion plans include building a new renewable fuels reactor, increasing renewable hydrogen production, and adding SAF blending and logistics assets to further advance sustainable aviation fuel production.
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