Fuel Oil News February 2021 | Page 8

CALENDAR OF EVENTS
FEBRUARY 2021
ASHRAE Winter Conference February 9-11 Web : www . ashrae . org / conferences / 2021-virtual-winterconference
MAY 2021
Eastern Energy Expo Online Education Summit May 24-26 Web : EasternEnergyExpo . com
JUNE 2021
Northern New England Energy Conference June 13-15 Omni Mount Washington Resort Bretton Woods , N . H . Web : nneenergyconference . com
capacity is projected to be an estimated 470 million gallons per year of renewable diesel . The new plant is anticipated to commence operations in the second half of 2023 . Once operational , and when combined with the increased capacity at the Norco , Louisiana , facility ( currently 290 million gallons annually with an anticipated increase of 400 million gallons due to be operational later this year ), DGD ’ s total annual production capacity is expected to be approximately 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha . The current estimated construction cost is $ 1.45 billion to be split equally between the joint venture partners and funded from internal cash flows provided by DGD .
“ The Board of Directors of Darling Ingredients is pleased to be moving forward with the construction of DGD at Port Arthur ,” said Randall C . Stuewe , chairman and chief executive officer of Darling Ingredients . “ The project is moving forward immediately and we fully plan to utilize the first mover advantage DGD has in North
America as we believe Darling ’ s vertical integration coupled with Valero ’ s refining expertise are key to providing low-carbon feedstocks to the DGD renewable diesel platform .”
“ We expect low-carbon fuel policies to continue to expand globally and drive demand for renewable fuels ,” said Joe Gorder , Valero chairman and chief executive officer , “ and to that end , we are applying our liquid fuels expertise to continue to expand our long-term competitive advantage in low-carbon transportation fuels with the expansion of DGD .”
Darling Ingredients is a producer of organic ingredients , producing an array of sustainable protein and fat products while also being a producer of renewable clean energy .
With operations on five continents , Darling collects waste streams from the agri-food industry for repurposing into specialty ingredients , such as hydrolyzed collagen , edible and feed-grade fats , animal proteins and meals , plasma , pet food ingredients , fuel feedstocks , and green bioenergy . For additional information , visit http :// www . darlingii . com .
Valero Energy is based in San Antonio , Texas , and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.68 billion gallons per year . Valero , as a joint venture partner in Diamond Green Diesel , operates a renewable diesel plant in Norco , Louisiana . Visit www . investorvalero . com for more information .
� SUMMERS LEADING MAINE EMA
Charles E . Summers Jr . is a few months into his new job as president and chief executive officer of the Maine Energy Marketers Association , which includes the association ’ s Technical Education Center . The association serves and supports more than 300 heating oil , propane , biofuels , and motor fuels members in the state .
“ We are excited to bring Charlie back home to Maine to join the MEMA team ,” Mike McCormack of Downeast Energy , MEMA ’ s chairman , said upon Summers ’ appointment in September . “ It ’ s paramount that we effectively communicate to Maine consumers and energy policy influencers that our products and services have been and will continue to be integral to the overall northern New England energy space – Charlie is the right guy to make that happen . His passion for education will also support our goal of growing ” the Education Center , McCormack said .
Charlie Summers
Summers brings extensive professional experience to MEMA . He ’ s a recognized leader in the political , military , veteran , and small business communities . Most recently , Summers served as the principal deputy assistant to the secretary of defense ( public affairs ) at the Pentagon .
The Maine Association is a non-profit 501c ( 6 ) whose members include 125 heating oil , propane , biofuels , and motor fuels providers as well as convenience store owners . Its members own and operate 70 % of Maine ’ s 1,300 convenience stores , selling more than one billion gallons of gasoline and diesel fuel , and distribute more than 90 % of all the propane sold in the state each year . MEMA also has more than 175 associate members who provide goods and services to Maine ’ s petroleum dealers and their customers . Find more information about MEMA at https :// maineenergymarketers . com /. l FON
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