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Biden, Kishida pledge to cooperate on SAF

SOURCE: President Biden and the First Lady meet with Prime Minister Kishida Fumio and Mrs. Kishida Yuko of Japan at the White House. / SOURCE: U.S. Embassy & Consulates in Japan

April 16, 2024

BY Erin Voegele

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Montana Renewables receives first tranche of $1.44 billion DOE loan guarantee

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By Erin Voegele

an hour ago

Sustainable Aviation FuelsBusiness

Calumet Inc. on Feb. 18 announced that its subsidiary Montana Renewables LLC has received the first drawdown of approximately $782 million from its $1.44 billion U.S. DOE loan guarantee. The loan will fund the expansion of SAF production capacity.

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Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.

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Calumet Inc. on Feb. 12 reported that the Trump administration has successfully completed the “tactical” review of the $1.44 billion DOE loan guarantee to support expanded SAF production its Montana Renewables facility.

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The U.S. Senate on Feb. 13 voted 72 to 28 to confirm Brooke Rollins to serve as secretary of agriculture. Representatives of the biofuel and bioenergy industries have spoken out in support of her confirmation.

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The U.S. Supreme Court on Feb. 6 denied a request from the Trump administration to pause the SRE lawsuit currently pending before the court. The court is currently scheduled to hear oral arguments for the case on March 25.

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