Darling Ingredients, Valero Energy to Study New Refinery for Venture
10 September 2019 - 1:39AM
Dow Jones News
By Colin Kellaher
Darling Ingredients Inc. (DAR) and Valero Energy Corp. (VLO) on
Monday said they will study building a new plant in Port Arthur,
Texas, to boost renewable diesel production at their Diamond Green
Diesel Holdings LLC venture.
The companies said they are initiating an advanced engineering
and development cost review for a plant that would produce 400
million gallons of renewable diesel and 40 million gallons of
renewable naphtha a year.
Coupled with a current expansion of the venture's refinery in
Norco, La., the move would boost Diamond Green's annual output to
roughly 1.1 billion gallons of renewable diesel production and
nearly 100 million gallons of renewable naphtha, the companies
said.
Darling and Valero said they expect to make a final investment
decision on the project in 2021, adding that operations could begin
in 2024.
Darling, an Irving, Texas, ingredients maker, and Valero, a San
Antonio petroleum refiner and ethanol producer, formed Diamond
Green to build the Norco refinery to process animal fats, used
cooking oil and inedible corn oil into renewable diesel fuel.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 09, 2019 11:24 ET (15:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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