Valero approves expansion of Diamond Green Diesel to 675 million gallons per year

In Texas, Valero Energy Corporation announced that its Board of Directors approved a project to expand the Diamond Green Diesel plant in Norco, LA, to 675 million gallons per year renewable diesel production capacity.

With low carbon mandates in North America and Europe projected to continue driving strong demand and premium pricing for renewable diesel, this expansion adds a second, independent parallel plant adjacent to the existing facility and a renewable naphtha finishing facility, which provides incremental low carbon fuel standard credit generation capability.  Valero expects its 50 percent share, or approximately $550 million, to be funded from cash generated by DGD’s operations and for the project to be completed in late 2021.