Valero to Expand Louisiana's Diamond Green Diesel Plant
05 Novembro 2018 - 9:08PM
Dow Jones News
By Stephen Nakrosis
Valero Energy Corp. (VLO) said Monday that its board approved a
project to expand the Diamond Green Diesel plant in Norco, La., to
675 million gallons a year renewable diesel production
capacity.
The expansion will add an independent parallel plant adjacent to
the existing facility, as well as a renewable naphtha finishing
facility, Valero said.
The plant is a joint venture between Valero Energy and Darling
Ingredients Inc., the largest low carbon feedstock supplier in the
world.
It is run by Diamond Green Diesel, a subsidiary of Valero
Energy.
Valero said it expects its 50% share, or approximately $550
million, to be funded from cash generated by DGD's operations and
for the project to be completed in late 2021.
The board of Darling Ingredients also approved the project.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 05, 2018 17:53 ET (22:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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