Diamond green diesel (dgd) approves a sustainable aviation fuel project at port arthur, texas

San antonio--( business wire )--valero energy corporation (nyse: vlo, “valero”) and darling ingredients inc. (nyse: dar, “darling”) announced today that the companies have made the final investment decision on a sustainable aviation fuel (saf) project at the dgd port arthur plant, which is owned and operated by diamond green diesel holdings llc, a 50/50 joint venture between valero and darling. upon completion of the project, which is expected in 2025, the dgd port arthur plant will have the capability to upgrade approximately 50 percent of its current 470 million gallon annual production capacity to saf. the project's estimated cost is $315 million, with half of that attributable to valero. with the completion of this project, dgd is expected to be one of the largest saf manufacturers in the world.
VLO Ratings Summary
VLO Quant Ranking