Calumet says leak at Montana hydrogen plant to impact throughput

Calumet

31/08/2023 14:58

Aug 31 (Reuters) - Calumet Specialty Products Partners
 CLMT.O  said on Thursday a leak detected in the steam recovery
system at its Montana renewable hydrogen plant would limit
throughput until repaired.
    The company, which manufactures and produces specialty
products and renewable fuels, said the leak was detected earlier
this month and the repair is expected to be completed in late
September.
    Calumet's shares fell 1.2% to $17.48 in morning trade.
    The Montana plant's redundant hydrogen systems allow it to
continue to run, albeit at reduced rates, the company said.
    The plant expects 8,000 to 8,500 barrels per day of
renewable product sales for the third quarter, and the facility
is currently processing all untreated feed, according to
Calumet.
    Throughput rates at the legacy specialty asphalt side of the
operation remain at full levels, the company added.

 (Reporting by Arunima Kumar in Bengaluru; Editing by Shounak
Dasgupta)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))