Montana Renewables Receives Approval of Excise Tax Registration
Montana Renewables, a subsidiary of Calumet (NASDAQ: CLMT), has received approval for its Excise Tax Registration from the IRS, enabling the company to claim clean fuel Production Tax Credits (PTC) under IRC Section 45Z. The company is registered as both a producer of clean transportation fuel and sustainable aviation fuel (SAF).
The Section 45Z PTC, which replaces the previous Blenders Tax Credit, provides a transferrable federal income tax credit for clean fuels produced between January 1, 2025, and December 31, 2027. Montana Renewables, the largest SAF producer in North America (2024), operates in Great Falls, Montana, producing SAF, Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha using sustainable feedstocks from Pacific Northwest farm operations.
Montana Renewables, una filiale di Calumet (NASDAQ: CLMT), ha ricevuto l'approvazione per la registrazione dell'imposta sul consumo da parte dell'IRS, consentendo all'azienda di richiedere i crediti d'imposta per la produzione di combustibili puliti (PTC) ai sensi della Sezione 45Z dell'IRC. L'azienda è registrata sia come produttore di combustibili per il trasporto puliti sia di carburante per aviazione sostenibile (SAF).
Il PTC della Sezione 45Z, che sostituisce il precedente credito d'imposta per i miscelatori, fornisce un credito d'imposta sul reddito federale trasferibile per i combustibili puliti prodotti tra il 1° gennaio 2025 e il 31 dicembre 2027. Montana Renewables, il maggiore produttore di SAF in Nord America (2024), opera a Great Falls, Montana, producendo SAF, Diesel Rinnovabile, Idrogeno Rinnovabile e Naphta Rinnovabile utilizzando materie prime sostenibili provenienti dalle operazioni agricole del Pacific Northwest.
Montana Renewables, una subsidiaria de Calumet (NASDAQ: CLMT), ha recibido la aprobación de su Registro de Impuesto Especial por parte del IRS, lo que permite a la empresa reclamar créditos fiscales por la producción de combustibles limpios (PTC) bajo la Sección 45Z del IRC. La compañía está registrada tanto como productora de combustible de transporte limpio como de combustible de aviación sostenible (SAF).
El PTC de la Sección 45Z, que reemplaza el anterior crédito fiscal por mezcladores, proporciona un crédito fiscal federal transferible para combustibles limpios producidos entre el 1 de enero de 2025 y el 31 de diciembre de 2027. Montana Renewables, el mayor productor de SAF en América del Norte (2024), opera en Great Falls, Montana, produciendo SAF, Diesel Renovable, Hidrógeno Renovable y Nafta Renovable utilizando materias primas sostenibles de operaciones agrícolas del Pacific Northwest.
몬태나 리뉴어블스는 칼루멧 (NASDAQ: CLMT)의 자회사로, IRS로부터 소비세 등록 승인을 받아 청정 연료 생산세 공제(PTC)를 IRC 섹션 45Z에 따라 청구할 수 있게 되었습니다. 이 회사는 청정 운송 연료와 지속 가능한 항공 연료(SAF) 모두의 생산자로 등록되어 있습니다.
섹션 45Z PTC는 이전의 블렌더 세금 공제를 대체하며, 2025년 1월 1일부터 2027년 12월 31일 사이에 생산된 청정 연료에 대해 양도 가능한 연방 소득세 공제를 제공합니다. 몬태나 리뉴어블스는 북미에서 가장 큰 SAF 생산업체(2024)로, 몬태나주 그레이트 폴스에서 운영되어 SAF, 재생 가능 디젤, 재생 가능 수소 및 재생 가능 나프타를 생산하며 태평양 북서부 농업 운영에서 온 지속 가능한 원료를 사용합니다.
Montana Renewables, une filiale de Calumet (NASDAQ: CLMT), a obtenu l'approbation de son enregistrement d'impôt sur les produits par l'IRS, permettant à l'entreprise de réclamer des crédits d'impôt pour la production de carburants propres (PTC) en vertu de la section 45Z de l'IRC. L'entreprise est enregistrée à la fois comme producteur de carburants de transport propres et de carburants d'aviation durables (SAF).
Le PTC de la section 45Z, qui remplace le précédent crédit d'impôt pour mélangeurs, offre un crédit d'impôt fédéral transférable pour les carburants propres produits entre le 1er janvier 2025 et le 31 décembre 2027. Montana Renewables, le plus grand producteur de SAF en Amérique du Nord (2024), opère à Great Falls, Montana, produisant du SAF, du diesel renouvelable, de l'hydrogène renouvelable et du naphte renouvelable à partir de matières premières durables provenant des exploitations agricoles du Pacifique Nord-Ouest.
Montana Renewables, eine Tochtergesellschaft von Calumet (NASDAQ: CLMT), hat die Genehmigung für ihre Verbrauchsteuermeldung von der IRS erhalten, was es dem Unternehmen ermöglicht, Steueranreize für die Produktion von sauberen Kraftstoffen (PTC) gemäß IRC Abschnitt 45Z in Anspruch zu nehmen. Das Unternehmen ist sowohl als Hersteller von sauberen Transportkraftstoffen als auch von nachhaltigen Flugkraftstoffen (SAF) registriert.
Der PTC von Abschnitt 45Z, der das vorherige Mischsteuerkredit ersetzt, bietet eine übertragbare bundesstaatliche Einkommenssteueranreize für saubere Kraftstoffe, die zwischen dem 1. Januar 2025 und dem 31. Dezember 2027 produziert werden. Montana Renewables, der größte SAF-Produzent in Nordamerika (2024), hat seinen Sitz in Great Falls, Montana, und produziert SAF, erneuerbaren Diesel, erneuerbaren Wasserstoff und erneuerbares Naphtha unter Verwendung nachhaltiger Rohstoffe aus landwirtschaftlichen Betrieben im pazifischen Nordwesten.
- Approval to claim Production Tax Credits (PTC) for clean fuel production
- Status as largest SAF producer in North America (2024)
- Eligibility for transferrable federal income tax credits through 2027
- Diversified renewable fuel product portfolio
- None.
Insights
GREAT FALLS, Mont., Dec. 12, 2024 /PRNewswire/ -- Montana Renewables, LLC announced today that it has received approval of its Excise Tax Registration from the Internal Revenue Service. Registration is the first step toward allowing the business to claim clean fuel Production Tax Credits (PTC) for existing production under Internal Revenue Code Section 45Z. Montana Renewables, LLC, which operates a
"This procedural change from the old Blenders Tax Credit to the new Producers Tax Credit extends a long history of bipartisan support for domestic agriculture and creates incentives for
About Calumet
Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in
About Montana Renewables
Montana Renewables (MRL) is a leading renewable fuel company located in
About SAF
Sustainable Aviation Fuel (SAF) is a combination of synthetic paraffinic kerosene (SPK) and conventional jet fuel which meets ASTM D7566 and ASTM D1655 specifications. Designed to reduce the aviation industry's carbon footprint, SAF is drop-in compatible with existing aviation fueling infrastructure and aircraft engine technology.
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SOURCE Calumet, Inc.
FAQ
What does the IRS Excise Tax Registration approval mean for CLMT's Montana Renewables?
How long will Montana Renewables be eligible for the Section 45Z Production Tax Credits?
What renewable products does Montana Renewables currently produce?
What is Montana Renewables' market position in the SAF industry as of 2024?
What feedstocks does Montana Renewables use for fuel production?
