Renewable diesel facility lands financing
June 1, 2011
by Bryan Salvage
IRVING, Texas – Diamond Green Diesel LLC, Darling International Inc.’s previously announced joint venture project with Valero Energy Corporation, has secured financing for the planned construction of its renewable diesel facility in Norco, La. Financing will be provided internally by a subsidiary of Valero Energy Corporation.
Construction will begin in June 2011 with completion anticipated during the fourth quarter of 2012.
Once in operation, the facility will be capable of producing more than 9,300 barrels per day or 137 million gallons per year of renewable diesel on a site adjacent to Valero's St. Charles refinery near Norco, La. The facility will convert grease, primarily animal fats and used cooking oil supplied by Darling, and potentially other feedstocks that become economically and commercially viable, into renewable diesel.
Darling International Inc. is the largest and only publicly traded provider of rendering and bakery waste recycling solutions to the nation's food industry. The company recycles beef, pork and poultry waste streams into useable ingredients such as tallow, feed-grade fats, meat and bone meal, poultry meal and hides. Valero Energy Corporation is an international manufacturer and marketer of transportation fuels, other petrochemical products and power.