Darling Ingredients Inc. Launches Sustainable Aviation Fuel Supply
Darling Ingredients Inc. Launches Sustainable Aviation Fuel Supply
Darling Ingredients Inc. (NYSE: DAR), a leading company in turning food waste into sustainable products, has made a significant move in the renewable energy sector. The company announced its joint partnership with Diamond Green Diesel (DGD) to facilitate the first regular supply of sustainable aviation fuel (SAF). This groundbreaking agreement, forged with World Fuel Services and DHL Express, marks a notable expansion in the sustainable aviation fuel market.
Details of the Sustainable Fuel Agreement
Over the next two years, World Fuel Services, a subsidiary of World Kinect Company (NYSE: WKC), will deliver approximately 60 million gallons of blended SAF. Within this supply, around 18 million gallons will be pure SAF, equivalent to nearly 227 million liters of blended SAF containing 68 million liters of pure SAF. This landmark supply agreement is one of the first regular deliveries of blended SAF in the region, highlighting the growing demand for cleaner fuel options in aviation.
Environmental Benefits of Sustainable Aviation Fuel
The neat SAF produced by Diamond Green Diesel will originate from used cooking oil and food waste, ensuring a sustainable practice that aligns with environmental goals. This fuel has been certified by International Sustainability & Carbon Certification (ISCC) and boasts lifecycle greenhouse gas emissions that are, on average, at least 80% lower than traditional jet fuel. Furthermore, customers of DHL Express can benefit from reduced emissions through DHL GoGreen Plus services, allowing for a more eco-friendly air transportation solution.
Leadership Insights on Sustainable Initiatives
Randall C. Stuewe, Chairman and CEO of Darling Ingredients Inc., expressed optimism regarding the expansion of DGD's SAF sales initiative. He stated, "As we continue expanding Diamond Green Diesel's SAF sales book, we're not only increasing market reach but also driving a meaningful shift toward a more sustainable energy landscape." The CEO highlighted the importance of completing and starting DGD's SAF operations, which are projected to launch in the forthcoming quarter.
Production Capabilities and Future Projections
Looking ahead, the DGD Port Arthur plant is poised to upgrade up to 50% of its existing 470 million gallon annual production capacity to SAF, making it one of the largest SAF producers globally. The completion of this project will reinforce Darling Ingredients' commitment to innovation in the renewable energy sector.
About Darling Ingredients Inc.
Darling Ingredients Inc. is recognized as a pioneer in circularity within the food and energy industries. The company transforms materials from animal agriculture and food industries into valuable components that serve various essential needs. Operating over 260 facilities across more than 15 countries, Darling Ingredients processes approximately 15% of the world's animal agricultural by-products. Additionally, it produces around 30% of the global collagen supply, both gelatin and hydrolyzed collagen, further cementing its status as a significant renewable energy producer. For more information about Darling Ingredients, visit their official website.
Frequently Asked Questions
What is the significance of the SAF supply agreement?
The SAF supply agreement signifies a major step towards sustainable aviation fuel availability and represents an important partnership in reducing carbon emissions in the airline industry.
How does sustainable aviation fuel benefit the environment?
Sustainable aviation fuel reduces lifecycle greenhouse gas emissions by at least 80% compared to conventional jet fuel, resulting in a positive impact on climate change.
Who are the key partners involved in this agreement?
The main partners in this agreement are Darling Ingredients Inc., its joint venture Diamond Green Diesel, World Fuel Services, and DHL Express.
What is the expected capacity of the DGD Port Arthur plant?
The DGD Port Arthur plant is expected to upgrade nearly 50% of its existing production capacity, which currently stands at 470 million gallons annually, to sustainable aviation fuel.
How does the production of SAF relate to recycling waste materials?
Sustainable aviation fuel production involves utilizing waste materials, such as used cooking oil and food waste, contributing to a circular economy that minimizes waste and maximizes energy usage.
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