Diamond Green Diesel Plant Finishes Construction, Begins Production

Wed Jun 26, 2013 4:30pm EDT

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NORCO, La., June 26, 2013 - The renewable diesel project operated by Diamond Green Diesel, the joint venture between Valero subsidiary Diamond Alternative Energy LLC and Darling International Inc., has reached mechanical completion and the startup process will lead to full production, company officials announced.

Once it's in full operation, the 9,300 barrel-per-day plant will process recycled animal fat and cooking oil as well as corn oil into renewable diesel fuel that has comparable properties to petroleum-based diesel. The renewable diesel can be shipped by pipeline and meets low-carbon fuel standards.

"We're proud to announce that the Diamond Green Diesel plant has been completed and started up," said Clay Bryant, Manager of Commercial Operations for Diamond Green Diesel "The renewable diesel produced here is not only a U.S.-made renewable fuel made from U.S.-based feedstocks, but it will also create jobs, reduce greenhouse-gas emissions and promote energy security."

About Darling:

Darling International Inc. is the largest and only publicly traded provider of rendering and bakery residuals recycling solutions to the nation's food industry. Darling recycles beef, poultry and pork by-product streams into useable ingredients such as tallow, feed-grade fats, meat and bone meal, poultry meal and hides.   Darling also recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients.  These products are primarily sold to agricultural, pet food, leather, oleo-chemical and biodiesel manufacturers around the world.  In addition, Darling provides grease trap collection services and sells used cooking oil collection equipment to restaurants. For additional information, visit Darling's website at http://www.darlingii.com.

About Valero:

 

Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero subsidiaries employ approximately 10,500 people, and assets include 16 petroleum refineries with a combined throughput capacity of approximately 3 million barrels per day, 10 ethanol plants with a combined production capacity of 1.2 billion gallons per year, and a 50-megawatt wind farm. More than 7,300 outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Valero is a Fortune 500 company based in San Antonio. Please visit www.valero.com for more information.

Safe-Harbor Statement

Statements contained in this release that state the Company's or management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words "believe," "expect," "should," "estimates," "intend," and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements.

CONTACTS:
Melissa Gaither (Darling), (972) 717-0300
Bill Day (Valero), (210) 345-2928





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Source: Valero Energy Corporation via Thomson Reuters ONE

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