Calumet Montana Refining and Governor Gianforte to Cut Ribbon on First Delivery of Renewable Feedstock

Rhea-AI Summary

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) hosted a ribbon-cutting ceremony on August 19, 2021, in Great Falls, Montana, to celebrate the first delivery of seed oil feedstock for renewable diesel production. The event emphasizes the ongoing energy transition project at the facility, which aims to convert part of the plant to produce renewable fuels. This initiative is significant for the local community and is expected to support the integration of farm and ranch operations in Montana. The project is slated for completion, with operations beginning in Q2 2022.

Positive

• Initiation of renewable diesel production at the plant.
• Expected completion of conversion project by Q2 2022, potentially boosting revenue.
• Support for local agriculture through integration of farm and ranch operations.

Negative

• None.

GREAT FALLS, Mont., Aug. 19, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announces that the Partnership and the Honorable Governor Greg Gianforte are holding a formal ribbon cutting ceremony today at the plant. This event will celebrate the delivery of the first seed oil feedstock to be used in the production of renewable diesel fuel.

This event highlights an in-progress energy transition project at the facility. Montana Renewables is a fast-paced project in which part of the existing plant is being converted to produce renewable fuel. The project is significant for the local community and the State of Montana, with an end goal of integrating farm and ranch operations within Montana for the processing of other renewable feedstocks. The conversion will be complete and operations will begin in the second quarter of 2022.

About Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) 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, Indiana and operates twelve facilities throughout North America.

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SOURCE Calumet Specialty Products Partners, L.P.

FAQ

What is the significance of the ribbon cutting ceremony for CLMT?

The ceremony marks the first delivery of seed oil feedstock, indicating the start of renewable diesel production, which is a key part of CLMT's energy transition project.

When are operations for the new renewable fuel project expected to begin?

Operations are expected to begin in the second quarter of 2022.

What are the implications of the Montana Renewables project for the local community?

The project is significant for the local community as it supports the integration of farm and ranch operations and contributes to local economic development.

What is Calumet Specialty Products Partners, L.P. focused on producing?

Calumet specializes in manufacturing and marketing a diverse range of specialty branded products for consumer and industrial markets.