Montana Renewables Receives Approval of Excise Tax Registration

GREAT FALLS, Mont., Dec. 12, 2024 /PRNewswire/ -- Montana Renewables, LLC announced today that it has received approval of its Excise Tax Registration from the Internal Revenue Service. Registration is the first step toward allowing the business to claim clean fuel Production Tax Credits (PTC) for existing production under Internal Revenue Code Section 45Z. Montana Renewables, LLC, which operates a U.S. qualified production facility, is registered as both a producer of clean transportation fuel and sustainable aviation fuel (SAF). The Section 45Z PTC provides a transferrable federal income tax credit for clean fuels produced after December 31, 2024, and before January 1, 2028. The Section 45Z PTC replaces the previous Blenders Tax Credit. Montana Renewables is an unrestricted subsidiary of Calumet (NASDAQ: CLMT).

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