Montana Renewables Achieves ISCC CORSIA Certification for SAF

(Neutral)

(Very Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

08/03/2023 - 07:30 AM EDT

GREAT FALLS, Mont., Aug. 3, 2023 /PRNewswire/ -- Montana Renewables, LLC ("MRL"), the largest producer of Sustainable Aviation Fuel ("SAF") in North America, announced today that it received its Carbon Offsetting and Reduction Scheme for International Aviation ("CORSIA") certificate via the International Sustainability and Carbon Certification ("ISCC") and as developed by the International Civil Aviation Organization ("ICAO"). The ISCC CORSIA certification is another step in the transformation of the Great Falls facility into a premier SAF producer in North America.

"Montana Renewables is the SAF leader in North America and this certification further cements our first mover status in this business," said Bruce Fleming, CEO, Montana Renewables. "The ISCC CORSIA designation is another milestone on our journey as we continue on the path to reduce the carbon footprint of the aviation industry."

MRL is currently producing 30 million gallons of SAF per year and is working to expand production capacity to approximately 250 million gallons by 2025. In May of 2023, MRL announced an exclusive offtake agreement with Shell Aviation and end use agreements with Delta Airlines, Alaska Airlines and JetBlue.

About Montana Renewables, LLC

Montana Renewables, LLC is an unrestricted subsidiary of Calumet located in Great Falls, MT. Montana Renewables is permitted for 15,000 barrels per calendar day of renewable feedstocks which are converted into low-emission sustainable alternatives that directly replace fossil fuel products. The renewable fuels plant began operations in late 2022. As the world recognizes a sustainability responsibility, MRL is making immediate carbon reductions and stands ready to grow and innovate further. This business is a leader in North America's energy transition, with our renewable products being delivered to Canada and the United States West Coast.

View original content:https://www.prnewswire.com/news-releases/montana-renewables-achieves-iscc-corsia-certification-for-saf-301892626.html