Calumet Arm Gets $1.44B Federal Loan for Renewable Fuels Push

Calumet, Inc. (CLMT) stock has gained almost 3% since the company made an announcement on Oct.16 that the U.S. Department of Energy (DOE) had awarded its subsidiary, Montana Renewables, a $1.44 billion loan guarantee. The funds received by Montana Renewables LLC will not only help the expansion of the company's renewable fuel facility but also position it as the world's largest producer of Sustainable Aviation Fuel. Additionally, the fund will allow the company to expand its present production capacity of 1 ...