Cargill has entered into a joint venture to produce and market renewable diesel.
The joint venture is called Heartwell Renewables and will see the construction of a new production plant and will create more than 50 jobs in Hastings, Nebraska.
The plant will have the ability to produce approximately 80 million gallons annually of renewable diesel.
As part of the joint venture, Cargill will provide feedstock in the form of tallow, a rendered animal fat co-product following protein processing.
Once the diesel is produced, Musket, the commodity trading and logistics arm of the Love’s Family of Companies, will transport and market the product in the US.
Heartwell Renewables will be the only entity of its kind to both produce and market renewable diesel all the way to the retail pump.
“Heartwell Renewables expands the commitment from the Love’s Family of Companies to reduce carbon emissions,” said JP Fjeld-Hansen, vice president of Musket and Trillium, two Houston-based members of the Love’s Family of Companies.
“When considering the environmental benefits and performance enhancements of renewable diesel, the creation of Heartwell Renewables is a long-term win for not only the companies involved, but also for consumers and the environment.”
The production process makes renewable diesel chemically identical to petroleum diesel with significant improvements in environmental performance due to its drop in carbon intensity and emissions.
“At Cargill, we believe agriculture can be part of the solution to some of the world’s toughest challenges,” said John Niemann, Cargill’s North American lead for protein ingredients and international.
Construction is scheduled to begin in the following weeks, and operations should start in the spring of 2023.
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