US DOE approves $1.67B loan to expand Montana SAF refinery


The US Department of Energy’s (DOE) Loan Programs Office (LPO) has approved a loan guarantee of $1.67 billion for the expansion of a sustainable aviation fuel (SAF) refinery in Montana. 

The decision was approved by US President Donald Trump’s administration on February 11, 2025. According to the DOE, the loan will help finance the expansion of a renewable fuels’ facility in Great Falls, Montana, aiming to produce about 315 million gallons of biofuels annually, most of which will be SAF.  

According to the DOE’s official website, when fully operational, Montana Renewables is set to become a top global producer of SAF, expected to produce about half of all North American SAF and about 12% of all global SAF through 2030.  

We will be happy to hear your thoughts

Leave a reply

Som2ny Network
Logo
Compare items
  • Total (0)
Compare
0