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.”
Expanding SAF Supply and Carbon Inset Solutions
World Energy, which describes itself as the world’s first commercial-scale SAF producer, has operated in advanced bioenergy and low-carbon solutions for more than three decades. The company is also active in the carbon insets market, enabling corporate clients to acquire environmental attributes derived from SAF to support aviation decarbonization goals.
Gene Gebolys, CEO of World Energy, said: “Contracting with MRL for SAF production enables us to better support our growing aviation decarbonization business. We are serving many of the most recognized and respected brands in the world in sectors including tech, pharma, aviation, finance, business services, and others to meet their decarbonization commitments.”
He added that collaboration between the companies will help expand SAF supply and emissions credit availability at a time when aviation demand is projected to grow significantly.
The agreement is intended to support ongoing capital investments by Montana Renewables to scale SAF production capacity, while providing World Energy with additional supply to meet increasing demand from corporate and institutional customers.
