Darling to receive $65 million from reinstated tax credit

December 30, 2014

BY Ron Kotrba

Darling Ingredients Inc. announced that it expects to receive about $65 million from the reinstated $1 per gallon federal blenders tax credits for renewable diesel and biodiesel signed into law by President Obama Dec. 19. The tax credit was made retroactive back to Jan. 1, 2014, through the end of the year.

Darling stated that a significant portion of this credit will be attributable to Diamond Green Diesel, Darling’s 50/50 joint venture with Valero Energy Services Corp., a renewable diesel plant sized to produce nearly 140 MMgy.

According to Darling, Diamond Green Diesel anticipates using a portion of the proceeds to retire debt, with the excess proceeds to be distributed as a dividend to its joint venture partners.

Advertisement

 

Advertisement

Related Stories

BWC Terminals on April 22 celebrated the official completion of its expanded renewable fuels terminal at the Port of Stockton. The facility is designed to safely and efficiently transfer renewable diesel and biodiesel from marine vessels.

Read More

Repsol and Bunge on April 25 announced plans to incorporate the use of camelina and safflower feedstocks in the production of renewable fuels, including renewable diesel and sustainable aviation fuel (SAF).

Read More

Nebraska celebrates Renewable Fuels Month

Article image

By Nebraska Ethanol Board

May 02, 2025

Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel. The month of May marks the beginning of the summer driving season, making it an ideal time to fuel up on clean and cost-saving biofuels.

Read More

PBF Energy on May 1 announced that its St. Bernard Renewables facility produced approximately 10,000 barrels per day of renewable diesel during Q1, down from 17,000 barrels per day during the Q4 2024.

Read More

Germany-based Mabanaft on April 17 announced it started to supply SAF to airlines at Frankfurt Airport in January. The company said it will deliver more than 1,000 metric tons of SAF to the airport this year under the European SAF mandate.

Read More

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement