Calumet Specialty Products Partners LP（CLMT）のニュースとイベントCLMTCalumet Specialty Products Partners LP

Calumet Announces MaxSAF Expansion Plan, Targeting 200M Gallons of Sustainable Aviation Fuel Annually

Calumet announced a new flight plan for its MaxSAF expansion at Montana Renewables. By repurposing proven, installed refining equipment from the adjacent Calumet Montana Refining facility, Montana Renewables expects to reach approximately 200M gallons of annual Sustainable Aviation Fuel production and 17,000 barrels per day of total product sales by year-end 2028. The total remaining project capital spend for this expansion is $137M, compared to the $1.2B megaproject contemplated in the original loan issued by the U.S. Department of Energy through its Office of Energy Dominance Financing. Reflecting the dramatically lower capital requirement, Montana Renewables and EDF have amended the Loan Guarantee Agreement originally executed in January 2025. Phase 2 DOE funding is reduced from up to $658M to a single, final draw of $34M, with the balance of the expansion self-funded from MRL earnings. The original agreement required the project's full equity to be committed before Phase 2 construction. The amended structure requires no third-party equity, thereby eliminating dilution and preserving a simple capital structure for future strategic opportunities while accelerating the benefits of increased throughput, SAF, improved yields, and reduced unit costs.

Calumet Announces MaxSAF Expansion Plan, Expected Annual Production of 200M Gallons of SAF

Calumet announced a new flight plan for its MaxSAF expansion at Montana Renewables, an unrestricted subsidiary of Calumet. By repurposing proven, installed refining equipment from the adjacent Calumet Montana Refining facility, Montana Renewables expects to reach approximately 200M gallons of annual Sustainable Aviation Fuel, SAF, production and 17,000 barrels per day of total product sales by year-end 2028. The total remaining project capital spend for this expansion is $137M, compared to the $1.2B megaproject contemplated in the original loan issued by the U.S. Department of Energy, DOE, through its Office of Energy Dominance Financing, EDF.

Calumet Reports Q2 Revenue of $1.45B

Reports Q2 revenue $1.45B vs. $1.03B last year. "Calumet continues to execute against every element of our multi-dimensional strategy," said Todd Borgmann, CEO. "Our integrated specialties platform delivered exceptional results in a strong margin environment, supporting $115 million of debt retirement in July. Further, Montana Renewables completed the first stage of our MaxSAF 150 expansion and is advancing toward a faster, highly capital-efficient next stage expansion. Combined, our operating momentum and favorable outlook position us to simultaneously accelerate deleveraging and advance our growth strategies across both businesses."