Deals Counterparts

Valero and Darling Ingredients to build sustainable aviation fuel facility

Investment Sustainable Aviation Fuel announced Port Arthur, United States Sep 26, 2024
USD315M
Deal Value
470 MW
Capacity
construction
Stage

Valero and Darling Ingredients, through their Diamond Green Diesel joint venture, announced plans to construct a sustainable aviation fuel (SAF) facility at Diamond Green Diesel's Port Arthur, Texas, plant. The project is estimated to cost $315 million.

Source Intelligence

KEY DETAILS

The new project will provide the plant with the capability to approximately half of its production capacity to SAF. Quote: The new project, at the company’s 470 million gallons per year renewable diesel plant near Valero’s Port Arthur, Texas refinery, will provide the plant with the capability to approximately half of its production capacity to SAF.

Deal Size
The project is estimated to cost $315 million.
Capacity
the company’s 470 million gallons per year renewable diesel plant
Location
near Valero’s Port Arthur, Texas refinery
Announcement
Mark Segal February 1, 2023 Diamond Green Diesel, a joint venture between petrochemical and fuels company Valero and Darling Ingredients, a provider of sustainable products and fuels made from waste, announced the final  investment decision today to proceed with one of the world’s largest sustainable aviation fuel (SAF) facilities.
PARTIES MENTIONED IN SOURCE
V
Valero investor

"Valero, Darling to Invest $315M for One of the World’s Largest Sustainable Aviation Fuel Projects"

D
Darling Ingredients investor

"Valero, Darling to Invest $315M for One of the World’s Largest Sustainable Aviation Fuel Projects"

D
Diamond Green Diesel developer

"Diamond Green Diesel, a joint venture between petrochemical and fuels company Valero and Darling Ingredients"

high quality Enriched Feb 19, 2026

Timeline

Announced
Sep 26, 2024
Signed
Closed

Market Context

This deal is part of the Sustainable Aviation Fuel sector in United States.
3
Sustainable Aviation Fuel deals
565
deals in United States
1 of 3 Sustainable Aviation Fuel deals tracked this month · Updated daily

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