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Stock impact report

Darling Ingredients Announces Agreement to Sell Approximately $60 Million in Production Tax Credits

Darling Ingredients Inc. (DAR) 
Last darling ingredients inc. earnings: 2/25 04:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.darlingii.com
Company Research Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) today announced an agreement to sell approximately $60 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA) by the company’s Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by Dec. 31, 2025, upon satisfaction of certain funding conditions.The company previously announced in September that it sold $125 million in production tax credits, bringing the total of production credit sales to $185 million for 2025.About Diamond Green DieselDiamond Green Diesel (DGD) is a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation. With capacity to produce more than 1.2 billion gallons annually, DGD is one of the world’s largest producers of renewable diesel and sustainable aviation fuel.About Darling IngredientsA pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material Show less Read more
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