DOE Offers Loan Guarantee to Boost Advanced Biofuels
February 9, 2011
DOE announced on January 20 a $241 million loan guarantee to support Diamond Green Diesel, LLC, the proposed joint venture between Valero Energy Corporation and Darling International Inc. The partners plan to build a 137-million gallon per year renewable diesel facility in Norco, Louisiana.
Valero Energy Corporation plans to direct the design, construction, and operation of the project and to market all of its output, while Darling International Inc. will supply the project's feedstock. The Louisiana project will produce renewable diesel fuel primarily from animal fats, used cooking oil, and other waste grease streams. Through DOE's Loan Programs Office, the department has issued loan guarantees or offered conditional commitments for loan guarantees totaling more than $17.5 billion in support of 18 clean energy projects. Also, as part of DOE's comprehensive strategy to support the production of advanced biofuels, DOE announced the launch of a new online collaboration tool and data resource focused on bioenergy. The Bioenergy Knowledge Discovery Framework website allows researchers, policymakers, and investors to share large data sets and the latest bioenergy research. The Framework site also facilitates collaborative production, integration, and analysis of information. See the DOE press release, the Loan Programs Office website, and the Framework website.