Darling, Valero JV decides on building USD-315m SAF plant in Texas

Renewable fuels producer Darling Ingredients Inc (NYSE:DAR) and refiner Valero Energy Corporation (NYSE:VLO) have made the final investment decision (FID) on a joint sustainable aviation fuel (SAF) project in Texas worth about USD 315 million (EUR 291m).

The SAF production facility is to be built at the Port Arthur plant owned and operated by their 50/50 joint venture Diamond Green Diesel Holdings LLC. The new site will enable the upgrading of roughly half of the Port Arthur plant’s current 470-million-gallon annual production capacity to SAF. Completion is scheduled for 2025.

"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 Darling’s chairman and CEO Randall C. Stuewe.

“This project is a natural extension of our liquid fuels manufacturing expertise and demonstrates our growth strategy through innovation in renewables,” in turn commented Joe Gorder, Valero’s own chairman and CEO.

(USD 1 = EUR 0.923)

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