As originally reported by the Beaumont Enterprise, a Port Aurthur based renewable diesel refinery has been given final approval for construction.
Diamond Green Diesel (DGD) Port Arthur is estimated to start operations in the second half of 2023, and would have capacity of 470 million gallons per year.
The cost of construction is expected to be $1.45 Billion and split between joint venture partners Valero Energy Corp and Darling Ingredients with funding from internal cash flows provided by DGD.
"The project is moving forward immediately and we fully plan to utilize the first mover advantage DGD has in North America as we believe Darling’s vertical integration coupled with Valero’s refining expertise are key to providing low carbon feedstocks to the DGD renewable diesel platform," Randall C. Stuewe, chairman and CEO of Darling Ingredients, said in a statement.
Job Creation & Timelines
According to the article, the project is expected to create up to 25 Port Arthur jobs ranging from $58,000/yr to $83,000/yr according to documents from the Texas Comptroller’s Office.
The new renewable diesel plant is scheduled to be completed and begin commercial operation in second-half 2023, Valero and Darling said in a joint release.
Find careers with Valero here.
Find careers with Darling Ingredients here.