Diamond Green Diesel Holdings LLC, a 50/50 joint venture between Valero Energy Corporation and Darling Ingredients Inc., stated that the companies had taken the final investment decision on a Sustainable Aviation Fuel project at the Diamond Green Diesel Port Arthur plant.
The DGD Port Arthur plant will be able to convert almost half of its existing 470 million gallons of yearly production capacity to SAF after the project is finished in 2025. Darling Ingredients is responsible for half of the project’s estimated cost of $315 million. DGD is anticipated to become one of the world’s largest SAF manufacturers following the completion of this project.
“As one of the largest and most successful producers of renewable diesel for nearly a decade, it’s exciting to enter the next phase of our growth in the aviation market,” said Chairman and CEO Randall C. Stuewe. “Darling Ingredients’ global supply chain of waste fats and oils, combined with our partner’s operational and technical expertise, position us as a leader in decarbonization solutions.”