Calumet Specialty Products subsidiary signs agreement with Wells Fargo

Calumet Specialty Products Partners (CLMT) announced that Montana Renewables has entered into a Supply and Offtake Agreement with Wells Fargo (WFC). This Agreement replaces MRL’s previous inventory financing agreement with Macquarie. The S&O Agreement streamlines the administration of MRL’s inventory financing process, provides increased inventory advance rates, and has a three-year term.