Darling Ingredients Inc. to Reduce Emissions Through Renewable Natural Gas Production

Rhea-AI Summary

Darling Ingredients (NYSE: DAR) announced a new initiative to reduce emissions from its wastewater treatment plants by converting biogas into renewable natural gas (RNG) through a partnership with GreenGasUSA. This project will initially focus on five of Darling's rendering facilities in the U.S., with potential expansion based on feasibility and market conditions. CEO Randall C. Stuewe emphasized the company's commitment to sustainability and leveraging its expertise in RNG. GreenGasUSA's CEO Marc Fetten highlighted the economic and environmental benefits of the partnership, aligning with both companies' goals of repurposing waste into valuable resources.

Positive

• Partnership with GreenGasUSA to convert biogas into renewable natural gas (RNG).
• Initial implementation in five U.S. rendering facilities with potential for expansion.
• Reduction of greenhouse gas emissions through innovative waste repurposing.
• Alignment with sustainability and circularity goals.

Negative

• Dependence on feasibility and market conditions for project expansion.
• Initial implementation to five facilities, potentially restricting immediate impact.

Environmental Analyst

Darling Ingredients' initiative to convert biogas from its wastewater treatment plants into renewable natural gas (RNG) represents a notable step towards industrial sustainability. By capturing methane, a potent greenhouse gas, the company aims to reduce its emissions substantially. This effort is in line with broader industry trends towards environmental responsibility and meeting stringent regulatory requirements. Implementation at five U.S. plants, with potential for expansion, demonstrates a scalable approach. Notably, the partnership with GreenGasUSA could leverage each company's strengths, potentially accelerating the project's success.

Financial Analyst

From a financial perspective, Darling Ingredients' move to produce RNG can present several opportunities. RNG production can provide a new revenue stream, diversifying the company’s income sources. It may also attract environmentally conscious investors and enhance the company's reputation, potentially leading to a higher stock valuation. However, investors should monitor the initial and ongoing costs associated with the project and assess whether the returns justify the investment. Also, market conditions and regulatory incentives for RNG will significantly impact the project's financial viability in the long term.

Market Research Analyst

The RNG market is gaining traction as industries seek sustainable energy alternatives. Darling Ingredients' entry into this market could position it as a significant player, especially given its experience and infrastructure. The collaboration with GreenGasUSA, which specializes in reducing environmental impact, suggests a strategic approach to market penetration. Investors should consider market demand for RNG and potential regulatory support, which can influence the project's success. The company's existing expertise in Europe could provide a competitive advantage in the U.S. market.

IRVING, Texas, June 5, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that it plans to reduce emissions from its wastewater treatment plants at some of its rendering facilities by capturing biogas and converting it to renewable natural gas (RNG) in partnership with GreenGasUSA.

The initial plan is to start with five Darling Ingredients plants in the United States with the opportunity to expand to other facilities depending on feasibility and market conditions.

"Darling continues to find value where others see waste," said Randall C. Stuewe, Chairman and CEO. "By combining our deep knowledge of RNG from our position in Europe with the capabilities of GreenGas in the U.S., Darling can significantly decrease its greenhouse gas emissions and help develop a successful RNG business in the U.S."

CEO and Founder of GreenGas USA Marc Fetten said, "We are excited to announce this landmark agreement with Darling Ingredients. It is our mission at GreenGas to help businesses reduce their environmental impact by providing solutions that generate economic benefits. Darling Ingredients has been at the forefront of the effort to repurpose waste and integrate circularity into industrial operations and GreenGas is proud to support this mandate by partnering to convert agricultural and food waste into a valuable renewable energy product."

About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn.

Darling Ingredients Contacts
Investors:	Suann Guthrie
	Senior VP, Investor Relations, Sustainability & Communications
	(469) 214-8202; suann.guthrie@darlingii.com
Media:	Jillian Fleming
	Director, Global Communications
	(972) 541-7115; jillian.fleming@darlingii.com

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SOURCE Darling Ingredients Inc.

FAQ

What is Darling Ingredients' latest initiative?

Darling Ingredients has announced a partnership with GreenGasUSA to convert biogas from wastewater treatment plants into renewable natural gas (RNG).

How many facilities will initially participate in Darling Ingredients' new RNG project?

The initial plan includes five Darling Ingredients plants in the United States.

Which company is partnering with Darling Ingredients in their new emissions reduction project?

Darling Ingredients is partnering with GreenGasUSA for their emissions reduction initiative.

What is the main goal of Darling Ingredients' new partnership with GreenGasUSA?

The main goal is to reduce greenhouse gas emissions by converting biogas into renewable natural gas (RNG).

What are the conditions for expanding Darling Ingredients' RNG project?

The expansion depends on feasibility and market conditions.