Year of Establishiment 2021
Privately Traded
Aeadquarters: Great Falls, Montana
Montana Renewables is one of the leading producers of SAF in North America and specializes in alternative fuels, such as renewable diesel and SAF, utilizing waste materials as feedstocks.
Key Facts
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SAF Production Capacity:30 million gallons annually
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SAF Production Target-:230 million gallons annually by 2024
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Revenue:
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EBITDA:
Current and Planned SAF Investments
Tie-Ups
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Shell AviationMay 2023 Signed a multi-year SAF offtake agreement to deliver for Shell’s supply agreements with Delta Air Lines, Alaska Airlines, and JetBlue at Los Angeles International Airport.
Financiers / Investors
In 2022, Warburg Pincus agreed to invest $250 million in Montana Renewables in the form of a participating preferred equity security.
In 2021, Calumet invested $145 million, which was converted to common equity in August 2022.
Stonebriar Commercial Finance invested $400 million between 2021 and 2022 through sale and leaseback contracts.
Other Financiers and loan institutions include OAKTREE, Wells Fargo, Macquarie, and the US DOE.
Other Information
In August 2023, Montana Renewables secured ISCC CORSIA Certification for SAF from the International Sustainability and Carbon Certification (ISCC) developed by the ICAO, a next step towards increasing its SAF capacity.