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Darling Ingredients Inc. (NYSE: NYSE:DAR), a global leader in converting food waste into sustainable products, announced today that its joint venture, Diamond Green Diesel (DGD), has secured a contract to supply sustainable aviation fuel (SAF) to John F. Kennedy International Airport (JFK) in the coming months.
The SAF, produced at DGD's Port Arthur, Texas facility, will be blended with conventional jet fuel for use in commercial flights.
DGD's Port Arthur plant is set to upgrade nearly half of its 470 million gallons annual production capacity to SAF by the fourth quarter of 2024 -- a move that positions DGD to become one of the largest SAF manufacturers worldwide, as per the company.
The initial supply agreement includes 1 million gallons of neat SAF, with an option for an additional 4 million gallons, as part of a 12-month blended SAF agreement with Valero Marketing and Supply Company and World Fuel Services (NYSE:WKC). The blended SAF will ultimately be delivered by World Fuel to JetBlue (Nasdaq: JBLU).
Randall C. Stuewe, Chairman and CEO of Darling Ingredients, emphasized the joint venture's decade-long track record as a low-cost, low-carbon intensity, and profitable renewables producer. He attributed this success to the partnership's technical and operational expertise, combined with Darling's supply of waste fats and oils.
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