(WBAP/KLIF) — A mega merger announced for an Irving based company. A billion dollar merger is in the works for Darling Ingredients that would enable the company to produce bio-friendly hydrocarbon fuel.
Darling CEO Randy Stuewe announced plans for agri-foods reprocessing firm Darling to purchase Valley Proteins of Virginia for $1.1 billion. Valley employs 1,900 workers and is a leading exporter of poultry-based fats and proteins used in biofuels. The acquisition will provide Darling with additional low-carbon feedstock to produce renewable diesel and and sustainable aviation fuel in the future.
According to the Dallas Morning News, the company is part of a joint venture with Valero that turns waste fat into renewable fuel that releases less emissions.
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(Copyright 2021 WBAP/KLIF Newsroom News. All rights reserved. Contains material from the Dallas Morning News.)