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Mintz Advises US Department of Energy on $1.67B Loan Guarantee to Montana Renewables

Mintz represented the US Department of Energy (DoE) Loan Programs Office (LPO) in the closing of a $1.67 billion loan guarantee to Montana Renewables, LLC, the largest sustainable aviation fuel (SAF) producer in North America.

The loan guarantee will help Montana Renewables expand a renewable fuels facility in Great Falls, Montana, which will utilize vegetable oils, fats, and greases to produce SAF, renewable diesel, and renewable naphtha. More information about the Montana Renewables project is available here.

The Mintz team was led by Ayaz Shaikh (Member, Chair, Projects & Infrastructure team), Paul Dickerson (Member), and Lyndon Plothow (Counsel), and featured Kris Kirkwood (Member) and Jacklyn Branby (Associate) in key roles. 

The Mintz core deal team also included Eric Blythe (Member), Aaron Williams (Member), Xandy Walsh (Associate) and Libby Decker (Associate). Support from specialty practices included Gregg Benson (Tax), Geoff Smith, Josh Rudin and Chris Wester (Real Estate), Bill Squires (Environmental), Rebecca Raphaelson and Jacob Hupart (Disputes), and Michael McNamara and Gabby Flick (IP).  

Mintz’ Projects & Infrastructure team brings decades of experience advising sponsors, investors, developers, lenders, development financial institutions, and government agencies in the development and financing of complex energy and infrastructure projects across the globe. Cutting-edge transactions – like the DoE Montana Renewables project financing – comprise a hallmark of the team’s practice. In addition to work for the DoE, the team currently represents US and international clients on major projects spanning from Asia to Latin America. Find more information here.

About Mintz Sustainable Energy & Infrastructure

The Mintz Sustainable Energy & Infrastructure (SEI) Practice is committed to advancing innovation, transforming infrastructure, and scaling solutions integral to business success and a thriving planet. Led by Chair Tom Burton and Co-chair Sahir Surmeli, and including Projects & Infrastructure Chair Ayaz Shaikh and Member Paul Dickerson, the team includes 50+ industry-leading attorneys and professionals across legal disciplines. Founded twenty years ago as the first fully integrated law practice to focus on energy transition and sustainable innovation, SEI has helped clients complete 800+ transactions, with more than $40 billion in investment value. The practice currently serves 250 clients spanning the climate tech, energy transition, sustainable infrastructure, and industrial technologies sectors. More information is available here.