Montana Renewables Receives Approval of Excise Tax Registration

PR Newswire2024-12-13

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 ...

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Registration ...</p>\n\n<a href=\"https://finance.yahoo.com/news/montana-renewables-receives-approval-excise-184200468.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/montana-renewables-receives-approval-excise-184200468.html","article_id":"2491135392","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/22QgHTN5b7zGSvCIQcIbtg--~B/aD0zMDQ7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/e007d0d17ed7dd37369c960c67723c26"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/montana-renewables-receives-approval-excise-184200468.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2491135392","pubTimestamp":1734028920,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"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  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 . 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 .About SAFSustainable Aviation Fuel  is a combination of synthetic paraffinic kerosene  and conventional jet fuel which meets ASTM D7566 and ASTM D1655 specifications. Designed to reduce the aviation in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU2506952337.HKD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (HKDHDG) ACC","LU2506952410.USD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (USDHDG) ACC A","PTC":"PTC Inc.","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","BK4138":"石油与天然气的炼制和营销","BK4590":"PTP","BK4023":"应用软件","BK4554":"元宇宙及AR概念","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4585":"ETF&股票定投概念","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU1721428347.USD":"BNP PARIBAS CLIMATE IMPACT \"C\" (USD) ACC","BK4576":"AR","SPK":"SPK Acquisition Corp","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2477742899.HKD":"BNP PARIBAS CLIMATE IMPACT \"C\" (HKD) ACC","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","CLMT":"卡路美"},"translate_title":"蒙大拿州可再生能源公司获得消费税登记批准","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPK":1,"PTC":1,"CLMT":0.9},"content_text":"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).\n\n  \n\n\"This procedural change from the old Blenders Tax Credit to the new Producers Tax Credit extends a long history of bipartisan support for domestic agriculture and creates incentives for Montana cash crops including camelina\" said Bruce Fleming, CEO. \"While MRL is feedstock agnostic, on behalf of growers we express the hope that the upcoming PTC detailed regulations will prove superior to the BTC it replaces.\"\nAbout CalumetCalumet, Inc. (NASDAQ: CLMT) 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.\nAbout Montana RenewablesMontana Renewables (MRL) is a leading renewable fuel company located in Great Falls, Montana. We produce Sustainable Aviation Fuel (SAF), Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha. As the largest SAF producer in North America (2024), we are dedicated to meeting the increasing demand for sustainable fuels and to supporting a greener future. As a Great Falls business leader, MRL offers high-paying jobs and career opportunities while supporting the local economy and contributing to the community's overall well-being.  Pacific Northwest farm and ranch operations ultimately provide MRL with sustainable, renewable, low-carbon feedstocks and agricultural byproducts including tallow, distillers corn oil, canola oil, used cooking oil and camelina oil. These are converted to renewable transportation fuels which have lower emissions compared to conventional fossil fuels. MRL is an unrestricted subsidiary of Calumet, Inc.\nAbout SAFSustainable Aviation Fuel (SAF) is a combination of synthetic paraffinic kerosene (SPK) and conventional jet fuel which meets ASTM D7566 and ASTM D1655 specifications. Designed to reduce the aviation industry's carbon footprint, SAF is drop-in compatible with existing aviation fueling infrastructure and aircraft engine technology. \n View original content to download multimedia:https://www.prnewswire.com/news-releases/montana-renewables-receives-approval-of-excise-tax-registration-302330637.html\nSOURCE Calumet, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491135392"}