News Post
Valero Energy begins cost review of renewable diesel plant in Port Arthur
U.S. refiner Valero Energy Corp said it has started a cost review of a new plant near Valero’s 395,000 bpd Port Arthur refinery, along with food processor Darling Ingredients Inc.
The facility, which aims to tap into the growing global demand for renewable diesel, is expected to produce 400 MM gallons of diesel and 40 MM gallons of renewable naphtha a year.
The final investment decision on the project is expected in 2021. If approved, the construction of the first renewable diesel facility in Texas could begin in the same year, with expected operations starting in 2024.
It will be owned and operated by Diamond Green Diesel Holdings LLC, a joint venture between Valero and Darling.
“We expect low-carbon fuel mandates across the globe to continue to drive demand growth for renewable fuels,” Joe Gorder, Valero’s Chief Executive Officer said in a statement.
Production from the plant would increase Diamond Green Diesel Holdings’s annual renewable diesel production to about 1.1 billion gallons, with nearly 100 million gallons of renewable naphtha production, the companies said.
Green Diesel already operates a renewable diesel plant at Norco, La., where capacity is being expanded to about 675 MM gal/year from 275 MM gal/year
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