- Calumet Specialty Products Partners (NASDAQ:CLMT) says it is evaluating the potential reconfiguration of an existing hydrocracker to enable production of renewable diesel at its 30K bbl/day refinery in Great Falls, Mont.
- Calumet says it estimates the "oversized hydrocracker" at Great Falls can be reconfigured to process 10K-12K bbl/day of renewable feedstock into diesel at the lowest capital cost per barrel of any currently proposed industry project of this type.
- The potential project, which the company says would be funded by third-party equity given strong investor interest in renewables, also could allow the refinery to retain ongoing processing of 10K-12K bbl/day of low-cost Canadian crudes.
- "We believe Great Falls, which connects western agriculture with [U.S.] West Coast and Canadian clean product markets, presents one of the most compelling opportunities for renewable diesel production in North America," Calumet says.
- "Calumet's critical fundamentals continue to improve, significantly," Patient Tech Investor writes in a bullish analysis published on Seeking Alpha.
Calumet evaluating renewable diesel project for Montana refinery
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| Symbol | Last Price | % Chg |
|---|---|---|
| CLMT | - | - |
| Calumet Specialty Products Partners, L.P. | ||