IRVING,
Texas, June 1, 2023 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR) today announced it has entered into a
letter of intent with Butterball, LLC to explore the construction
of a new poultry rendering plant adjacent to Butterball's
Mt. Olive, North Carolina,
facility.
The new facility being explored is anticipated to be able to
process about 18 million pounds of material weekly through three
lines. Pending permits and the execution of definitive agreements,
construction would likely begin in early 2024 and be completed in
2025.
"Darling Ingredients is committed to supporting its customers
and agricultural growth in North
Carolina," said Randall C.
Stuewe, Darling Ingredients Chairman and Chief Executive
Officer. "A new Mt. Olive
rendering facility strengthens rendering reliability, increases
capacity and provides a critical service that transforms this
material into invaluable ingredients and feedstock for renewable
diesel and sustainable aviation fuel."
"Butterball has been a proud, long-time member of the
Mt. Olive community, providing
positive economic impacts, including jobs, for many in the area,"
said Jay Jandrain, President and
Chief Executive Officer of Butterball, LLC. "We're excited to
explore the potential environmental and safety benefits of an
improved operating footprint at Mt.
Olive."
"Today's announcement is great news for North Carolina's agriculture industry," said
Agriculture Commissioner Steve
Troxler. "As we continue to grow, so does the need for
facilities like this one. Increasing our rendering capacity in the
state provides us the ability to turn an otherwise unusable animal
material into a useable product. This is an essential service for
our agriculture community and greatly needed capacity to help meet
demand. I wish Butterball and Darling Ingredients success in this
endeavor."
About Darling Ingredients
Darling Ingredients Inc.
(NYSE: DAR) is the largest publicly traded company turning edible
by-products and food waste into sustainable products and a leading
producer of renewable energy. Recognized as a sustainability
leader, the company operates more than 260 facilities in over 15
countries and repurposes approximately 15% of the world's meat
industry waste streams into value-added products, such as green
energy, renewable diesel, collagen, fertilizer, animal proteins and
meals, and pet food ingredients. To learn more, visit
darlingii.com. Follow us on LinkedIn.
Cautionary Statements Regarding Forward-Looking
Information
This release may contain "forward-looking
statements," which include information concerning the Company's
plans, objectives, goals, strategies, capital expenditures and
other information that is not historical information. When used in
this release, the words "outlook," "forecast," "estimates,"
"expects," "anticipates," "projects," "plans," "intends,"
"believes," "will" and variations of such words or similar
expressions are intended to identify forward-looking statements.
All forward-looking statements are based upon current expectations
and beliefs and various assumptions. There can be no assurance that
the Company will realize these expectations or that these beliefs
will prove correct. There are a number of risks and uncertainties
that could cause actual results to differ materially from the
results expressed or implied by the forward-looking statements
contained in this release. These include the Company's ability to
realize the anticipated benefits of the project. Numerous other
factors, many of which are beyond the Company's control, could
cause actual results to differ materially from those expressed as
forward-looking statements. Other risk factors include those that
are discussed in the Company's filings with the Securities and
Exchange Commission. Any forward-looking statement speaks only as
of the date on which it is made, and the Company undertakes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date on which it is made or to
reflect the occurrence of anticipated or unanticipated events or
circumstances.
Darling Ingredients Contacts
Investors:
|
Suann
Guthrie
|
|
Senior VP, Investor
Relations, Sustainability & Communications
|
|
(469) 214-8202;
suann.guthrie@darlingii.com
|
|
|
Media:
|
Jillian
Fleming
|
|
Director, Global
Communications
|
|
(972) 541-7115;
jillian.fleming@darlingii.com
|
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SOURCE Darling Ingredients Inc.