Darling Ingredients' Diamond Green Diesel Joint Venture Receives Air Permit from the Texas Commission on Environmental Quality
Darling Ingredients Inc. (NYSE: DAR) has announced that its joint venture, Diamond Green Diesel (DGD), obtained the air permit from the Texas Commission on Environmental Quality for the DGD III renewable diesel plant in Port Arthur, Texas. Construction aims to produce 400 million gallons of renewable diesel and is on track for a final investment decision in early 2021, with operations expected to commence in 2024. The total DGD capacity is projected to reach 1.1 billion gallons. DGD remains a leader in low-cost renewable fuel production, leveraging a vertically integrated supply chain.
- DGD has secured necessary air permits for the DGD III plant, advancing construction.
- The project aims to add 400 million gallons of renewable diesel capacity, expected operational by 2024.
- Total renewable diesel capacity will rise to 1.1 billion gallons with DGD III approval.
- None.
IRVING, Texas, Oct. 27, 2020 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), today announced that its Diamond Green Diesel (DGD) joint venture has received the necessary air permit from the Texas Commission on Environmental Quality (TCEQ), making construction one step closer on the proposed renewable diesel plant known as DGD III in Port Arthur, Texas. DGD continues to work through its gated project development process and a final investment decision is expected to be reached in early 2021.
"Our timeline to construct an additional 400 million gallons of renewable diesel production in Port Arthur, Texas is on schedule," said Randall C. Stuewe, Chairman and Chief Executive Officer of Darling Ingredients. "DGD is in the process of finalizing Phase III engineering plans and cost estimates to build another state of the art facility. We anticipate that both joint venture partners' Board of Directors will be in a position to approve moving forward with the project in early 2021. As we meet this investment decision timeframe, we believe that DGD III would be operational in 2024."
"Darling's vertically integrated supply chain provides DGD with superior low cost feedstocks, and when combined with the refining expertise of our joint venture partner, supports DGD's position as the lowest cost producer of renewable fuels in North America," Stuewe added.
The current DGD II 400 million gallon plant expansion is still expected to be completed in 2021, bringing the total capacity of DGD to 675 million gallons of renewable diesel production, while also adding 60 million gallons of renewable naphtha production to the platform. With the potential approval of DGD III, Darling's joint venture will have renewable diesel production capacity of 1.1 billion gallons and 100 million gallons of renewable naphtha production capacity annually. Darling continues to lead the world in decarbonization with our stated goals of reducing energy and water consumption over the coming years and the significant reduction in carbon emissions in transport fuels from the usage of renewable diesel produced by DGD across North America and the World.
About Darling
Darling Ingredients Inc. (NYSE: DAR) is one of the world's leading producers of organic ingredients, producing a wide array of sustainable protein and fat products while being one of the largest producers of renewable clean energy. With operations on five continents, Darling collects waste streams from the agri-food industry, repurposing into specialty ingredients, such as hydrolyzed collagen, edible and feed-grade fats, animal proteins and meals, plasma, pet food ingredients, fuel feedstocks, and green bioenergy. The Company sells its products around the globe and works to strengthen our promise for a better tomorrow, creating product applications for health, nutrients and bioenergy while optimizing our services to the food chain. Darling is a
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Some of the statements made in this press release are forward-looking statements. These forward-looking statements are based upon our current expectations and projections about future events and generally relate to our plans, objectives and expectations for the development of our business. Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this press release.
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SOURCE Darling Ingredients Inc.
FAQ
What is the significance of the air permit received by Darling Ingredients' DGD joint venture?
When is the final investment decision for DGD III expected?
What are the expected operational dates for the DGD III plant?
How much renewable diesel will DGD produce after DGD III is operational?
What is the current capacity of DGD before the DGD III project?
