Warburg Pincus, a growth investor, agreed to invest $250m in Montana Renewable, a renewable fuel company. "Today's announcement of increased capitalisation further solidifies MRL's go-forward business plan to increase capacity in 2024-25 to an estimated 18,000 barrels per day, including the optionality to convert a large portion of the plant's production from RD to SAF,” Bruce Fleming, Montana Renewables and Corporate Development EVP.