Darling Ingredients to sell additional $60 million in production tax credits

Darling Ingredients Inc. announced Dec. 4 an agreement to sell approximately $60 million of production tax credits to a corporate buyer.

These credits were generated under the Inflation Reduction Act by the company’s Diamond Green Diesel joint venture.

The proceeds of the sale are scheduled to be received by Dec. 31 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.

Diamond Green Diesel is a 50/50 joint venture between Darling Ingredients and Valero Energy Corp.

With capacity to produce more than 1.2 billion gallons annually, Diamond Green Diesel is one of the world’s largest producers of renewable diesel and sustainable aviation fuel.