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  "documentTitle": "Calumet+Inc.+Carbonomics+Investor+Presentation+Final+11+Nov.+'24",
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  "notes": "Includes a table detailing estimated yields in kbcd for Renewable Diesel, Jet, and Naphtha across three time horizons.",
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      "text": "MaxSAF™ includes a series of discrete, modular projects to enhance MRL capability and reduce emissions. A. Increase SAF capacity to ~150mm gallons/year within ~2 years. B. Increase SAF capacity to ~300mm gallons/year within ~3 to 4 years.",
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      "text": "Tranche 2 funding will be drawn during MaxSAF™ construction subject to satisfaction of other customary conditions precedent, and MRL maintaining DOE at 55% debt to total capitalization",
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      "text": "kbcd: 300mm",
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      "text": "1 Demonstrated midyear 2024\n2 100% Renewable SPK, ASTM D-7566 (the Into-wing volumes are double the above after blending)",
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      "text": "Estimated Yields, kbcd | Runrate 2024 | Second Reactor ~2026 | MAX SAF ~2027/8. Renewable Diesel: 9, 4, 2-4. Renewable Jet: 2, 10, 15-20. Renewable Naphtha: 1, 1.5, 2-3.",
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      "text": "MAXSAF™ AND TRANCHE 2 FUNDING",
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