# Calumet

> Calumet manufactures specialty oils, solvents, waxes, gels, lubricants and renewable fuels. Its industrial ingredients sit inside everyday products, while Royal Purple, Bel-Ray and TruFuel reach consumers directly. Montana Renewables extends its refining expertise into renewable diesel and sustainable aviation fuel.

- **Founded:** 1919
- **Headquarters:** Indianapolis, United States
- **Founders:** F. William Grube (Co-founder of the modern company in 1990; former CEO), Fred M. Fehsenfeld Jr. (Co-founder of the modern company in 1990; former chairman)
- **Products:** Base oils, Penreco specialty oils and gels, Solvents, waxes and esters, Royal Purple, Bel-Ray
- **Notable:** Listed on Nasdaq under CLMT in 2006., Converted from an MLP to a C-corporation in July 2024., Established commercial SAF deliveries to Shell in 2023.

## Products & services

- **Base oils** — Naphthenic and paraffinic oils for lubricants and industrial formulations.
- **Penreco specialty oils and gels** — Versagel, Versastique, white mineral oils and petrolatums for personal care and other applications.
- **Solvents, waxes and esters** — Specialty ingredients for coatings, inks, candles, lubricants and industrial uses.
- **Royal Purple** — Premium synthetic automotive, commercial and racing lubricants.
- **Bel-Ray** — Lubricants and greases for industrial, mining, marine and powersports uses.
- **TruFuel** — Ethanol-free ready-to-use fuel for two-cycle and four-cycle outdoor power equipment.
- **Montana Renewables** — Renewable diesel, sustainable aviation fuel, renewable hydrogen and renewable naphtha; operations began in late 2022.
- **MaxSAF Blended** — Nominal 50/50 renewable and fossil jet blend with onsite blending and shipping.

## Achievements

- Listed on Nasdaq under CLMT in 2006.
- Converted from an MLP to a C-corporation in July 2024.
- Established commercial SAF deliveries to Shell in 2023.

## Latest updates

- **2026-10** — Announced redemption of $150 million of 2028 notes, scheduled for October 25; not completed as of this profile’s October 22 publication.
- **2026-09** — Received final $34 million DOE draw and increased revolving commitments to $600 million.
- **2026-09** — Revised MaxSAF plan targets roughly 200 million gallons of annual SAF capacity by year-end 2028; remaining expansion capital estimated at $137 million.
- **2026-09** — TruFuel refreshed packaging while retaining existing formulations.
- **2026-08** — Second-quarter net loss was $95.9 million; adjusted EBITDA with Tax Attributes was $175.2 million, a non-GAAP measure.

## Links

- Website: https://calumet.com
- LinkedIn: https://www.linkedin.com/company/calumet-inc
- YouTube: https://www.youtube.com/user/CalumetSpecialtyProd/videos

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Profile page: https://yespress.io/calumet
Published by YesPress — https://yespress.io
Last updated: 2026-10-22