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Darling Ingredients announced a letter of intent with Butterball to explore building a poultry rendering plant next to Butterball's Mt. Olive, North Carolina facility.
The plant would process about 18 million pounds of material weekly, with construction possibly starting in early 2024 and finishing in 2025.
Added rendering capacity would increase future supply of poultry fat and meal, mainly feeding renewable diesel demand, but the project is years away and only at the exploration stage, so its price effect is minimal today.
biobased-diesel.comDarling Ingredients Inc.Jun 2, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
