INDIANAPOLIS, Oct. 20,
2023 /PRNewswire/ -- Calumet Specialty Products
Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet,"
"Company," "we," "our" or "us"), provided an operational update for
the 3rd quarter 2023.
As previously disclosed, Montana Renewables, LLC ("MRL")
identified a leak in the steam recovery system within its renewable
hydrogen plant during the third quarter. After entering the
unit, the company decided to replace the steam drum rather than
repair it. The replacement is expected to be completed in
November. Given the additional time, MRL will
opportunistically pull forward its regularly scheduled turnaround
into November, which was previously scheduled for early 2024.
The facility is expected to continue to operate at reduced
throughput until the turnaround begins. Upon scheduled
completion, MRL expects to process over 12,000 barrels per day of
predominantly untreated feed in December and continues to expect
$1.25-1.45/gal of Adjusted EBITDA on
untreated feed.
Additionally, our Shreveport facility required maintenance
during the quarter that resulted in a loss of approximately 300,000
barrels of lube oil and wax sales. The maintenance has been
completed, and the facility is currently processing over 45,000
barrels per day of feed.
About Calumet
Calumet manufactures, formulates, and
markets a diversified slate of specialty branded products and
renewable fuels to customers across a broad range of
consumer-facing and industrial markets. Calumet is headquartered in
Indianapolis, Indiana and operates
twelve facilities throughout North
America.
About Montana Renewables
Montana Renewables, LLC is an
unrestricted subsidiary of Calumet located in Great Falls, MT. Montana Renewables is
permitted to pretreat and convert 15,000 barrels per stream day
("bpsd"; permit capacity) of renewable feedstocks into low-emission
sustainable alternatives that directly replace fossil fuel
products. MRL is a leader in North
America's energy transition and the largest Sustainable
Aviation Fuel producer in the western hemisphere. The
renewable fuel products produced by Montana Renewables are
distributed into renewable markets in the western half of
North America.
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SOURCE Calumet Specialty Products Partners, L.P.