
Darling Ingredients Inc. (NYSE:DAR) today announced an agreement to sell approximately $150 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA)

<p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.darlingii.com%2F&amp;esheet=54587653&amp;newsitemid=20260811875945&amp;lan=en-US&amp;anchor=Darling+Ingredients+Inc.&amp;index=1&amp;md5=c529e7d0c04c914ba7864e475599b1fc" shape="rect">Darling Ingredients Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DAR">DAR</a>) today announced an agreement to sell approximately $150 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA) by the company’s Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by the end of the third quarter, upon satisfaction of certain funding conditions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Diamond Green Diesel</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Diamond Green Diesel (DGD) is a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation. With capacity to produce more than 1.2 billion gallons annually, DGD is one of the world’s largest producers of renewable diesel and sustainable aviation fuel.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Darling Ingredients</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
A pioneer in circularity, Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DAR">DAR</a>) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world’s animal agricultural by-products, produces about 30% of the world’s collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.darlingii.com&amp;esheet=54587653&amp;newsitemid=20260811875945&amp;lan=en-US&amp;anchor=darlingii.com.&amp;index=2&amp;md5=e80733c19c2fe48e6d33f42cf9385d06" shape="rect">darlingii.com.</a> Follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdarling-ingredients%2F&amp;esheet=54587653&amp;newsitemid=20260811875945&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=9814832778818954d188f77ed3ea0bb9" shape="rect">LinkedIn</a>.

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<b xmlns="http://www.w3.org/1999/xhtml">Cautionary Statements Regarding Forward-Looking Information:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This release may contain "forward-looking statements," which include information concerning the Company’s financial performance, plans, objectives, goals, strategies, future earnings, cash flow, performance and other information that is not historical information. When used in this release, the words "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 issues related to administration, guidance and/or regulations associated with biofuel policies, including the Section 45Z Clean Fuel Production Credit, and risks associated with the qualification and sales of such credits, including without limitation failure to satisfy closing conditions to complete such sales. 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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260811875945r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260811875945/en/" rel="nofollow">https://www.businesswire.com/news/home/20260811875945/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Darling Ingredients Contacts 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media: </b>Jillian Fleming
<br xmlns="http://www.w3.org/1999/xhtml"></br>Director, Global Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>(972) 541-7115; <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jillian.fleming@darlingii.com" shape="rect">jillian.fleming@darlingii.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investors: </b>Suann Guthrie
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior VP, Investor Relations, Sustainability &amp; Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>(469) 214-8202; <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:suann.guthrie@darlingii.com" shape="rect">suann.guthrie@darlingii.com</a>

</p>

Darling Ingredients Announces Agreement to Sell Approximately $150 Million in Production Tax Credits

Darling to monetize $150 million IRA credits from Diamond Green Diesel JV

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Darling Ingredients Inc. (NYSE:DAR) today announced an agreement to sell approximately $150 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA)</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Darling Ingredients announced it will sell about $150 million of Inflation Reduction Act production tax credits generated by its Diamond Green Diesel JV, with proceeds expected by end of Q3 once funding conditions are met. The cash infusion improves near-term liquidity for a company with a large renewable diesel/SAF footprint, though credit pricing and IRA policy risk could limit upside.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Darling to monetize about $150M IRA credits from DGD JV.</li><li>Proceeds expected by end-Q3, subject to funding conditions.</li><li>DGD is 50/50 Darling-Valero; capacity over 1.2B gallons.</li><li>IRA credits generated under Inflation Reduction Act.</li><li>Forward-looking statements risk policy changes affecting credits.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Darling Ingredients Inc. (DAR)</strong>: Announced sale of IRA production tax credits; cash proceeds support liquidity.</li><li><strong>Valero Energy Corporation (VLO)</strong>: DGD partner; JV economics could marginally affect Darling&#039;s share.</li><li><strong>Diamond Green Diesel (N/A)</strong>: JV generating the IRA credits; not publicly traded.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The entry covers a corporate liquidity event tied to government credits, highlighting regulatory risk around IRA policies and the financial durability of a key JV (DGD).</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>End-Q3 cash proceeds could improve DAR liquidity metrics.</li><li>Sale terms and credit pricing will determine realized benefit.</li><li>DGD&#039;s &gt;1.2B gallon annual capacity underpins renewable energy exposure.</li><li>IRA policy risk may cap upside despite the cash infusion.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$150 million of production tax credits sold.</li><li>Proceeds expected by end of Q3, subject to funding conditions.</li><li>Diamond Green Diesel capacity &gt;1.2 billion gallons annually.</li><li>DGD is a 50/50 JV between Darling and Valero.</li><li>Credits generated under Inflation Reduction Act.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term bullish on cash inflow; DAR should see modest gains within 1–2 quarters.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.darlingii.com%2F&amp;esheet=54587653&amp;newsitemid=20260811875945&amp;lan=en-US&amp;anchor=Darling+Ingredients+Inc.&amp;index=1&amp;md5=c529e7d0c04c914ba7864e475599b1fc" shape="rect">Darling Ingredients Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DAR">DAR</a>) today announced an agreement to sell approximately $150 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA) by the company’s Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by the end of the third quarter, upon satisfaction of certain funding conditions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Diamond Green Diesel</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Diamond Green Diesel (DGD) is a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation. With capacity to produce more than 1.2 billion gallons annually, DGD is one of the world’s largest producers of renewable diesel and sustainable aviation fuel.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Darling Ingredients</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
A pioneer in circularity, Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DAR">DAR</a>) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world’s animal agricultural by-products, produces about 30% of the world’s collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.darlingii.com&amp;esheet=54587653&amp;newsitemid=20260811875945&amp;lan=en-US&amp;anchor=darlingii.com.&amp;index=2&amp;md5=e80733c19c2fe48e6d33f42cf9385d06" shape="rect">darlingii.com.</a> Follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdarling-ingredients%2F&amp;esheet=54587653&amp;newsitemid=20260811875945&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=9814832778818954d188f77ed3ea0bb9" shape="rect">LinkedIn</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Cautionary Statements Regarding Forward-Looking Information:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This release may contain "forward-looking statements," which include information concerning the Company’s financial performance, plans, objectives, goals, strategies, future earnings, cash flow, performance and other information that is not historical information. When used in this release, the words "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 issues related to administration, guidance and/or regulations associated with biofuel policies, including the Section 45Z Clean Fuel Production Credit, and risks associated with the qualification and sales of such credits, including without limitation failure to satisfy closing conditions to complete such sales. 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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260811875945r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260811875945/en/" rel="nofollow">https://www.businesswire.com/news/home/20260811875945/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Darling Ingredients Contacts 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media: </b>Jillian Fleming
<br xmlns="http://www.w3.org/1999/xhtml"></br>Director, Global Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>(972) 541-7115; <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jillian.fleming@darlingii.com" shape="rect">jillian.fleming@darlingii.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investors: </b>Suann Guthrie
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior VP, Investor Relations, Sustainability &amp; Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>(469) 214-8202; <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:suann.guthrie@darlingii.com" shape="rect">suann.guthrie@darlingii.com</a>

</p>

Darling Ingredients announced it will sell about $150 million of Inflation Reduction Act production tax credits generated by its Diamond Green Diesel JV, with proceeds expected by end of Q3 once funding conditions are met. The cash infusion improves near-term liquidity for a company with a large renewable diesel/SAF footprint, though credit pricing and IRA policy risk could limit upside.

News insight

Darling Ingredients Announces Agreement to Sell Approximately $150 Million in Production Tax Credits

AI summary

Sentiment rationale

Key facts

Corporate Developments