Calumet Closes Funding for Montana Renewable Hydrogen Project

The renewable hydrogen plant has an expected operational startup in the fourth quarter of 2022.

Hart Energy Staff

Montana Renewables LLC (MRL) has closed the $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, Calumet Specialty Products Partners LP said on Jan. 4.

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.

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