IRVING,
Texas, Feb. 14, 2023 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR), the world's leading company turning
food waste into sustainable products and producer of renewable
energy, today announced that it has entered into an agreement with
Cattlemen's Heritage Beef Company to purchase the off-take from its
planned 2,000-head per day beef-processing facility in Mills County, Iowa. Darling Ingredients also
announced that it intends to expand its nearby Bellevue, Nebraska, rendering plant to
increase receiving and processing capacity.
"This agreement further strengthens Darling Ingredients' ability
to deliver high-quality protein, as global demand continues to
increase, and it will also provide additional feedstock for our
renewable diesel production and recently announced investment in
sustainable aviation fuel production," said Chairman and CEO
Randall C. Stuewe. "As an integral
part of the circular economy, we share Cattlemen's Heritage's
commitment to sustainability and are proud to be part of this
project that will bring significant economic benefits to the
Midwest."
"As the world's leading producer of sustainable, organic
ingredients and an innovator in a challenging and ever-changing
business, Darling Ingredients is absolutely the best choice for
us," Cattlemen's Heritage lead developer Chad Tentinger said. "Its front-line people have
a solid record as responsible transporters and next-step processors
of off-take, and that factored heavily into our decision."
Cattlemen's Heritage Beef Company aims to provide a market for
cattle raised by smaller, independent cattle producers. It plans to
break ground on its Mills County
beef-processing plant in the spring of 2023, with the goal of
starting operations before the end of 2024. The Mills County facility is expected to bring
around 800 jobs to the area and has a projected economic gain for
Iowa of up to $8 billion, over the next five years.
About Darling Ingredients
Darling Ingredients Inc. (NYSE: DAR) is the largest publicly
traded company turning edible by-products and food waste into
sustainable products and a leading producer of renewable energy.
Recognized as a sustainability leader, the company operates more
than 270 plants in 17 countries and repurposes approximately 15% of
the world's meat industry waste streams into value-added products,
such as green energy, renewable diesel, collagen, fertilizer,
animal proteins and meals, and pet food ingredients. To learn more,
visit darlingii.com. Follow us on LinkedIn.
Darling Ingredients Contacts
Investors:
|
Suann
Guthrie
|
|
Senior VP, Investor
Relations, Sustainability & Communications
|
|
(469) 214-8202;
suann.guthrie@darlingii.com
|
Media:
|
Jillian
Fleming
|
|
Director, Global
Communications
|
|
(972) 541-7115;
jillian.fleming@darlingii.com
|
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SOURCE Darling Ingredients Inc.