(NASDAQ/PR Newswire) DGD’s total annual capacity of Renewable Diesel expected to increase to 1.2 billion gallons upon completion … – Darling and Valero jointly announce today that their 50/50 joint venture, Diamond Green Diesel (“DGD”), has received approval from both companies’ Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero’s Port Arthur, Texas refinery.
DGD Port Arthur’s capacity is estimated to be 470 million gallons per year of renewable diesel. This new plant is anticipated to commence operations in the second half of 2023. Once operational, and when combined with the increased capacity at the Norco, LA facility (currently 290 million gallons annually with an anticipated increase of 400 million gallons due to be operational later this year), DGD’s total annual production capacity is expected to be approximately 1.2 billion gallons of renewable diesel and 50 million gallons of re
Diamond Green Diesel Receives Approval to Begin Construction in Port Arthur Texas
DGD s total annual capacity of Renewable Diesel expected to increase to 1.2 billion gallons upon completion
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IRVING Texas and SAN ANTONIO, Jan. 28, 2021 /PRNewswire/ Darling Ingredients Inc. (NYSE:DAR) ( Darling ) & Valero Energy Corporation (NYSE:VLO) ( Valero ) –
Darling and Valero jointly announce today that their 50/50 joint venture, Diamond Green Diesel ( DGD ), has received approval from both companies Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero s Port Arthur, Texas refinery.
DGD Port Arthur s capacity is estimated to be 470 million gallons per year of renewable diesel. This new plant is anticipated to commence operations in the second half of 2023. Once operational, and when combined with the increased capacity at the Norco, LA facility (currently 290 mil
Valero sees $1.4 billion loss in 2020
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The Valero Energy Corp. Houston refinery stands in Houston, Texas, U.S., on Sunday, March 8, 2020. Photographer: Sharon Steinmann/BloombergSharon Steinmann /BloombergShow MoreShow Less
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The Valero refinery near Port Arthur, Texas will see a new renewable diesel production facility come online in 2023. The facility will produce 470 million gallons of renewable diesel at the site per year. JOHN DAVENPORT / STAFFJOHN DAVENPORT /STShow MoreShow Less
Valero Energy Corp. said Thursday that it lost $359 million in the fourth quarter of 2020, capping an ugly year for the San Antonio refiner in which the pandemic demolished the demand for fuel.
Diamond Green Diesel to begin construction of renewable diesel production facility
1/28/2021
Darling and Valero announced that their 50/50 joint venture, Diamond Green Diesel ( DGD ), has received approval from both companies Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero s Port Arthur, Texas refinery.
DGD Port Arthur s capacity is estimated to be 470 million gallons per year of renewable diesel. This new plant is anticipated to commence operations in the second half of 2023. Once operational, and when combined with the increased capacity at the Norco, LA facility (currently 290 million gallons annually with an anticipated increase of 400 million gallons due to be operational later this year), DGD s total annual production capacity is expected to be approximately 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha. The current estimated construction cost is $1.45 bil
Valero Energy reports 2020 fourth quarter and full year results and declares regular cash dividend on common stock
Reported a net loss attributable to Valero stockholders of $359 million, or $0.88 per share, for the fourth quarter and $1.4 billion, or $3.50 per share, for the year.
Reported an adjusted net loss attributable to Valero stockholders of $429 million, or $1.06 per share, for the fourth quarter and $1.3 billion, or $3.12 per share, for the year.
Returned $400 million in cash to stockholders through dividends in the fourth quarter and $1.8 billion through dividends and stock buybacks in the year.
Declared a regular quarterly cash dividend of $0.98 per share.
Completed and started up the St. Charles Alkylation unit on schedule and under budget.