Diamond Green Diesel, IMTT Ink Terminal Lease Agreement

    

   OAKHURST, N.J. (DTN) --- Darling Ingredients Inc. today announced its joint 
venture with Valero Energy Corporation, Diamond Green Diesel, has entered into 
a long-term lease agreement with International-Matex Tank Terminals IMTT, which 
will allow DDG access and use of the ST. Rose IMTT Terminal as a logistics hub 
for its existing and expanding renewable diesel facility located in Norco, 
Louisiana.

   IMTT will, pursuant to the agreement, construct two five-mile long pipelines 
connecting its St. Rose, La., terminal with the DGD Norco, La., renewable 
diesel facility. IMTT will also repurpose approximately 790,000 bbl 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 440 million gallon expansion project.

   "We are extremely pleased to be working with IMTT. What is so often 
overlooked when discussion the critical success components of renewable diesel 
economics is the supply chain, which is both complicated and costly to manage," 
said John Bullock, EVP, chief strategy officer for Darling Ingredients. "Having 
a world-class terminal like IMTT St. Rose accessible by pipeline with the 
capability to receive feedstocks and ship product via multiple modes of 
transport creates a significant competitive advantage for us."

   He continued, "DGD has been a leader in the industry and developing a 
sophisticated and flexible supply chain is a continuation of our leadership 
position. We would not be in this business without a thorough plan that 
provides for flexibility in raw material sourcing and finished product 
marketing. This agreement places us in a position to economically source 
renewable diesel feedstock while allowing us to supply the best markets for our 
renewable diesel and naphtha."

   IMTT is headquartered in New Orleans and is an industry leader in the 
handling and storage of bulk liquid products through its ownership and 
operation of 19 terminals throughout North America. The terminals handle 
petroleum, biofuels, commodity/specialty chemicals and vegetable/tropical oil 
products for customers including refiners, commodities traders and chemical 
manufacturers and distributers.

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