DOE offers $241 million Loan Guarantee to Valero-Darling renewable diesel project in Louisiana

Biofuels Digest
Jim Lane January 20, 2011

U.S. Energy Secretary Steven Chu today announced the offer of a conditional commitment to Diamond Green Diesel, LLC, the proposed joint venture between Valero Energy Corporation and Darling International Inc., for a $241 million loan guarantee. The loan guarantee will support the construction of a 137-million gallon per year renewable diesel facility in Norco, Louisiana, about 20 miles west of New Orleans. Valero Energy Corporation plans to direct the design, construction and operation of the project and market all of its output, while Darling International Inc. will supply feedstock to the project.

“Today’s announcement reflects this Administration’s commitment to promoting the development of advanced biofuels,” said Secretary Chu. “Strong biofuels projects like Diamond Green Diesel can help to diversify our transportation fuel supply while creating jobs and strengthening our economy.”

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