Montana Renewables and World Energy Announce 70 Million Gallon SAF Agreement

Key Takeaways

• Montana Renewables and World Energy signed a three-year agreement to deliver more than 70 million gallons of Sustainable Aviation Fuel (SAF).
• The agreement is expected to reduce up to 600,000 metric tons of CO2 emissions.
• The collaboration supports MRL’s MaxSAF™ 150 expansion project to increase SAF production capacity.
• World Energy will leverage the supply to support corporate aviation decarbonization and carbon inset markets.
• The companies state the deal strengthens domestic energy production and supports U.S. agriculture.

Montana Renewables and World Energy Secure Multi-Year SAF Supply Agreement

Montana Renewables, LLC (MRL), an unrestricted subsidiary of Calumet, Inc. (NASDAQ: CLMT), and World Energy Clean Fuels LLC announced a three-year Sustainable Aviation Fuel (SAF) agreement that will deliver more than 70 million gallons of SAF to the market. The companies estimate the agreement could reduce up to 600,000 metric tons of CO2 emissions over the term of the contract.

The collaboration brings together one of North America’s largest SAF producers and a long-standing provider of advanced bioenergy and low-carbon fuel solutions. MRL is currently advancing its MaxSAF™ 150 expansion project, which is expected to significantly increase its SAF production capacity.

Bruce Fleming, CEO of Montana Renewables, said: “MRL's MaxSAF expansion project is progressing rapidly and is on track to deliver economic benefits to the region's farmers, ranchers, and energy-related economy this spring. Market demand for SAF remains strong, and this agreement is another signal of our commitment to American energy independence and Montana agriculture.”