Darling Ingredients enters pact to bring sustainable aviation fuel to Florida

Darling Ingredients (DAR) announced that its 50/50 joint venture Diamond Green Diesel, or DGD, will provide the first regular supply of sustainable aviation fuel, or SAF, to Florida through an agreement between World Fuel and DHL Express. Under the terms of the agreement, World Fuel Services, a World Kinect (WKC) will deliver over a two-year period approximately 60M gallons of blended SAF, of which 18M gallons will be neat SAF, and will be provided by Valero Marketing and Supply Company, a subsidiary of Valero (VLO). This agreement marks one of the first regular deliveries of blended SAF into the State of Florida. The neat SAF produced by Diamond Green Diesel, a joint venture between Valero and Darling Ingredients, will be produced from used cooking oil and food waste, certified by International Sustainability & Carbon Certification, or ISCC, and have on average at least 80% lower lifecycle greenhouse gas emissions when compared to conventional jet fuel, which will be used to offer DHL Express customers emission-reduced air transportation services via DHL GoGreen Plus. Based on the “book and claim” approach, the SAF uplifted by DHL can be used by DHL’s GoGreen Plus customers globally to reduce their CO2e emissions. The reductions achieved are passed on to customers in the form of certificates. With SAF expected to be on line during fourth quarter 2024, the DGD Port Arthur plant will have the capability to upgrade approximately 50% of its current 470M gallon annual production capacity to SAF. With the completion of this project, DGD is expected to be one of the largest SAF manufacturers in the world.