Darling Ingredients to sell $125M in IRA tax credits

In Texas, Darling Ingredients, a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation, announced an agreement to sell $125 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, and the proceeds of the sale are scheduled to be received later in 2025 upon satisfaction of certain funding conditions. The company is also actively marketing the sale of additional tax credits generated in 2025.