
Houston – Montana Renewables, LLC (MRL), a leading renewable fuel producer and an unrestricted subsidiary of Calumet, Inc. (NASDAQ: CLMT), announced its Excise Tax Registration approval from the IRS. This registration is a crucial milestone for the company to access the clean fuel Production Tax Credit (PTC) under Section 45Z of the Internal Revenue Code.
The Section 45Z PTC, effective from January 1, 2025, through December 31, 2027, replaces the Blenders Tax Creditwith a more producer-focused incentive. MRL’s registration as a producer of clean transportation fuel and sustainable aviation fuel (SAF) aligns with the growing demand for low-carbon alternatives in aviation and transportation.
Bruce Fleming, CEO of Montana Renewables, highlighted the significance of this regulatory shift:
“This procedural change from the old Blenders Tax Credit to the new Producers Tax Credit extends a long history of bipartisan support for domestic agriculture and creates incentives for Montana cash crops including camelina. While MRL is feedstock agnostic, on behalf of growers we express the hope that the upcoming PTC detailed regulations will prove superior to the BTC it replaces.”
MRL operates the largest SAF production facility in North America, converting diverse feedstocks—including tallow, distillers corn oil, canola oil, used cooking oil, and camelina oil—into renewable diesel, SAF, hydrogen, and naphtha. These fuels significantly reduce greenhouse gas emissions compared to fossil fuels while creating economic opportunities for Pacific Northwest farm and ranch operations.
“This procedural change creates incentives for Montana cash crops including camelina.”
By securing this IRS approval, Montana Renewables strengthens its position as a key player in the renewable fuel sector, supporting domestic agriculture and clean energy goals while contributing to a greener aviation future.