Diamond Green Diesel agrees long-term logistics deal with International-Matex Tank Terminals

In Texas, Darling Ingredients Inc. announced that its joint venture with Valero Energy Corporation, Diamond Green Diesel (DGD), has entered into a long-term lease agreement with IMTT. The agreement will allow DGD access and use of the St. Rose IMTT Terminal as a logistics hub for DGD’s existing and expanding renewable diesel facility located in Norco, LA. IMTT will, pursuant to the agreement, construct two 5-mile long pipelines connecting its St. Rose, LA terminal with the DGD Norco, LA renewable diesel facility. IMTT will also repurpose approximately 790,000 barrels of existing storage capacity from heavy and residual petroleum service to storage of renewable diesel feedstock and finished product as a part of the project. The pipeline build and the storage capacity transition are expected to be in service prior to the end of 2021, coinciding with the anticipated startup of DGD’s current 400-million-gallon expansion project.