Diamond Green Diesel Initiates Engineering Review for Proposed Expansion to 550 Million Gallons Annual Production
08 11월 2017 - 6:23AM
Valero Energy Corporation (NYSE:VLO) (“Valero”) and Darling
Ingredients Inc. (NYSE:DAR) (“Darling”) announced today that in
anticipation of growing demand for renewable diesel due to the
Renewable Fuel Standard (RFS) and global low carbon markets, the
companies will initiate an engineering and construction cost review
to analyze an additional project that would grow annual production
capacity to 550 million gallons at the Diamond Green Diesel (DGD)
facility in Norco, Louisiana.
The DGD facility is currently undergoing an
expansion that will increase annual production capacity from 160
million gallons of renewable diesel to 275 million gallons.
This project is targeted for completion in the second quarter
of 2018.
“The new expansion project is progressing well
through our development process and is on track for a final
decision in 2018,” said Joe Gorder, Valero Chairman, President and
Chief Executive Officer. “By doubling Diamond Green Diesel’s
existing production capacity, we have a greater opportunity to
serve increased demand while also mitigating some of our biofuel
blending costs.”
A final decision on the incremental 275 million
gallons of annual production capacity is expected in 2018 and will
be dependent on further engineering and cost estimates, as well as
the status of government regulations. The proposed expansion
would utilize existing DGD infrastructure and be built on property
owned by Valero. If a decision is made to proceed with the
proposed expansion, the new capacity would be available in the
first half of 2021. Current DGD operations are not expected
to be impacted if the proposed expansion is built.
About Valero Valero Energy
Corporation, through its subsidiaries, is an international
manufacturer and marketer of transportation fuels and other
petrochemical products. Valero, a Fortune 50 company based in San
Antonio, Texas, with approximately 10,000 employees, is an
independent petroleum refiner and ethanol producer, and its assets
include 15 petroleum refineries with a combined throughput
capacity of approximately 3.1 million barrels per day and
11 ethanol plants with a combined production capacity of
1.4 billion gallons per year. The petroleum refineries
are located in the United States (U.S.), Canada and the United
Kingdom (U.K.), and the ethanol plants are located in the
Mid-Continent region of the U.S. In addition, Valero owns the
2 percent general partner interest and a majority limited partner
interest in Valero Energy Partners LP, a midstream master limited
partnership. Valero sells its products in both the wholesale
rack and bulk markets, and approximately 7,400 outlets carry
Valero’s brand names in the U.S., Canada, the U.K. and
Ireland. Please visit www.valero.com for more
information.
About Darling Ingredients Inc.
Darling Ingredients Inc. is the world's largest publicly-traded
developer and producer of sustainable natural ingredients from
edible and inedible bio-nutrients, creating a wide range of
ingredients and specialty products for customers in the
pharmaceutical, food, pet food, feed, technical, fuel, bioenergy,
and fertilizer industries. With operations on five
continents, the Company collects and transforms all aspects of
animal by-product streams into broadly used and specialty
ingredients, such as gelatin, edible fats, feed-grade fats, animal
proteins and meals, plasma, pet food ingredients, organic
fertilizers, yellow grease, fuel feedstocks, green energy, natural
casings and hides. The Company also recovers and converts
used cooking oil and commercial bakery residuals into valuable feed
and fuel ingredients. In addition, the Company provides
grease trap services to food service establishments, environmental
services to food processors and sells restaurant cooking oil
delivery and collection equipment. For additional information,
visit the Company's website at www.darlingii.com.
Safe-Harbor StatementStatements
contained in this release that state the company’s or management’s
expectations or predictions of the future are forward-looking
statements intended to be covered by the safe harbor provisions of
the Securities Act of 1933 and the Securities Exchange Act of
1934. The words “believe,” “expect,” “should,” “estimates,”
“intend,” “targeting,” and other similar expressions identify
forward-looking statements. It is important to note that
actual results could differ materially from those projected in such
forward-looking statements based on numerous factors, including
those outside of the company’s control, such as delays in
construction timing and other factors. For more information
concerning factors that could cause actual results to differ from
those expressed or forecasted, see Valero’s annual reports on Form
10-K, quarterly reports on Form 10-Q and our other reports filed
with the SEC and on Valero’s website at www.valero.com, and VLP’s
annual reports on Form 10-K and quarterly reports on Form 10-Q
filed with the SEC and on VLP’s website at
www.valeroenergypartners.com.
Valero ContactsInvestors:John
Locke, Vice President – Investor Relations, 210-345-3077Karen Ngo,
Senior Manager – Investor Relations, 210-345-4574Tom Mahrer,
Manager – Investor Relations, 210-345-1953
Media:Lillian Riojas, Director – Media Relations
and Communications, 210-345-5002
Darling ContactsMelissa Gaither
– Vice President Investor Relations and Global Communications,
972-717-0300
Darling Ingredients (NYSE:DAR)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Darling Ingredients (NYSE:DAR)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024