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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Calument Inc | NASDAQ:CLMT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.09 | 0.44% | 20.39 | 19.19 | 21.35 | 21.02 | 20.20 | 20.20 | 2,068,759 | 23:37:51 |
GREAT FALLS, Mont., Oct. 24, 2024 /PRNewswire/ -- For the first time, the Detroit Metropolitan Airport (DTW) will have the opportunity to use Sustainable Aviation Fuel (SAF), thanks to Montana Renewables, LLC (MRL), the largest SAF producer in North America (2024). MRL has delivered its first shipment of 7,000 gallons of SAF to Dearborn, Michigan's Buckeye Pipeline facility. From there, the fuel will be transported to the airport via pipeline. MRL produced and blended the SAF, which will be used by Delta Air Lines.
"Supplying the SAF to DTW marks another significant milestone in the decarbonization of air travel," said Bruce Fleming, CEO of MRL. "Not only does it bring SAF to Detroit flights, but we are especially pleased to pioneer camelina oil as a non-food renewable that provides additional cash crop potential for farmers."
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 Indianapolis, Indiana and operates twelve facilities throughout North America.
About Montana Renewables
Montana Renewables, LLC (MRL) is a leading renewable fuel company located in Great Falls, Montana. We produce Sustainable Aviation Fuel (SAF), Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha. As the largest SAF producer in North America (2024), we are dedicated to meeting the increasing demand for sustainable fuels and to supporting a greener future. As a Great Falls business leader, MRL offers high-paying jobs and career opportunities while supporting the local economy and contributing to the community's overall well-being. Pacific Northwest farm and ranch operations ultimately provide MRL with sustainable, renewable, low-carbon feedstocks and agricultural byproducts including tallow, distillers corn oil, canola oil, used cooking oil and camelina oil. These are converted to renewable transportation fuels which have lower emissions compared to conventional fossil fuels. MRL is an unrestricted subsidiary of Calumet, Inc.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/montana-renewables-delivers-first-shipment-of-sustainable-aviation-fuel-for-detroit-metropolitan-airport-302286145.html
SOURCE Calumet, Inc.
Copyright 2024 PR Newswire
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