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Darling Ingredients Inc. Announces Agreement to Bring First Regular Supply of Sustainable Aviation Fuel to Florida Through Diamond Green Diesel Joint Venture

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IRVING, Texas, Sept. 25, 2024 /PRNewswire/ — Darling Ingredients Inc. (NYSE: DAR), the world’s leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express.

Under the terms of the agreement, World Fuel Services (World Fuel), a World Kinect Company (NYSE: WKC) will deliver over a two-year period approximately 60 million gallons of blended SAF, of which 18 million gallons will be neat SAF (equaling approximately 227 million liters of blended SAF containing 68 million liters of neat SAF), and will be provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE: VLO). This agreement marks one of the first regular deliveries of blended SAF into the State of Florida. The neat SAF produced by Diamond Green Diesel, a joint venture between Valero and Darling Ingredients, will be produced from used cooking oil and food waste, certified by International Sustainability & Carbon Certification (ISCC) and have on average at least 80% lower lifecycle greenhouse gas emissions when compared to conventional jet fuel, which will be used to offer DHL Express customers emission-reduced air transportation services via DHL GoGreen Plus. Based on the “book and claim” approach, the SAF uplifted by DHL can be used by DHL’s GoGreen Plus customers globally to reduce their CO2e emissions. The reductions achieved (Scope 3) are passed on to customers in the form of certificates. 

“As we continue expanding Diamond Green Diesel’s SAF sales book, we’re not only increasing market reach but also driving a meaningful shift toward a more sustainable energy landscape,” said Randall C. Stuewe, Chairman and CEO. “We feel good about where we’re headed — not just in growing our SAF contracts, but in the completion and startup of DGD’s SAF operations, which remain on track for fourth quarter. DGD continues to be the lowest-cost, most profitable producer in the market, reinforcing our commitment to delivering both environmental and economic value.”

With SAF expected to be on line during fourth quarter 2024, the DGD Port Arthur plant will have the capability to upgrade approximately 50 percent of its current 470 million gallon annual production capacity to SAF. With the completion of this project, DGD is expected to be one of the largest SAF manufacturers in the world.

About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world’s animal agricultural by-products, produces about 30% of the world’s collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn.

Cautionary Statements Regarding Forward-Looking Information
This release may contain “forward-looking statements,” which include information concerning the Company’s plans, objectives, goals and strategies and other information that is not historical information.  When used in this release, the words “expects” and “will” and variations of such words or similar expressions are intended to identify forward-looking statements.  All forward-looking statements are based upon current expectations and beliefs and various assumptions.  There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct.  There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release.  Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Darling Ingredients Contacts

Investors:

Suann Guthrie

Senior VP, Investor Relations, Sustainability & Communications

(469) 214-8202; suann.guthrie@darlingii.com    

Media:

Jillian Fleming

Director, Global Communications

(972) 541-7115; jillian.fleming@darlingii.com

 

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SOURCE Darling Ingredients Inc.

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MOAJ Holding invests $30M in Joint Venture with MediSun Energy to Tackle Water Scarcity and Brine Challenges in Saudi Arabia

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September 30, 2024

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SINGAPORE, Sept. 30, 2024 /PRNewswire/ — MediSun Energy and MOAJ Holding are pleased to announce the formation of MediSun Arabia, a joint venture designed to drive innovative energy solutions and tackle water scarcity in Saudi Arabia. As part of this strategic partnership, MOAJ Holding will invest USD 30 million to establish a cutting-edge manufacturing facility and co-develop a Saudi Brine Management Program with MediSun Energy.

The venture will include the construction of a manufacturing hub to produce MediSun’s WEGen stacks, critical components supporting renewable energy projects across the region. This facility will boost local industrial capabilities and play a central role in Saudi Arabia’s renewable energy transition, aligning with Saudi Vision 2030. Additionally, MOAJ Holding will be the exclusive distributor of MediSun Energy’s technologies throughout the Gulf Cooperation Council (GCC), expanding MediSun’s footprint in the Middle East.

Together, the partners will spearhead the Saudi Brine Management Program in collaboration with a leading academic institution renowned for its desalination research. This ambitious R&D initiative aims to address the environmental challenges of desalination brine by developing cutting-edge treatment technologies aligned with Saudi Arabia’s sustainability goals.

Dusun Kim, CEO of MediSun Energy, commented, “This joint venture marks a significant milestone for MediSun Energy as we expand operations in Saudi Arabia. Our WEGen technology, which harnesses Reverse Electrodialysis (RED) to efficiently convert saltwater into electricity, will play a key role in advancing Saudi Arabia’s sustainability targets by generating clean energy and reducing consumption. With MOAJ as our partner in the GCC, we look forward to a long-term partnership that drives meaningful impact.”

HE Mohammed N. Al Jasser, Founder of MOAJ Holding, added, “We are excited to partner with MediSun Energy in this transformative joint venture. Our shared vision for advancing sustainable energy and water management in Saudi Arabia highlights the significance of this collaboration. MediSun’s WEGen technology, which enhances energy efficiency while producing clean power, is aligned with the region’s sustainability goals. Together, we are dedicated to delivering these innovative solutions to the broader Middle East market.”

This joint venture positions both MOAJ and MediSun as key players in addressing the region’s water and energy challenges, aligned with Saudi Arabia’s Vision 2030 for a sustainable future.

About MediSun Energy

MediSun Energy is a technology-driven company focused on providing innovative, clean energy solutions. Its flagship WEGen technology leverages osmotic power to enhance energy efficiency in water desalination and renewable energy generation. Committed to a net-carbon neutral future, MediSun delivers sustainable, practical solutions that align with the global vision for a greener planet.

About MOAJ Holding

MOAJ Holding is a leading investment group with a focus on sustainable development across key sectors including energy, technology, and infrastructure. In line with Saudi Arabia’s Vision 2030, MOAJ invests in transformative projects that promote economic diversification and environmental sustainability.

For more information, visit www.medisun.energy or write to info@medisun.energy. You can also follow MediSun on LinkedIn.

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SOURCE MediSun Energy

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Casio to Release New Analog G-SHOCK with Octagonal Bezel and Chronograph Dial

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2 mins ago

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September 30, 2024

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Full-Metal Model in the Slim and Popular 2100 Style

TOKYO, Sept. 30, 2024 /PRNewswire/ — Casio Computer Co., Ltd., announced today the release of the latest addition to the G-SHOCK family of shock-resistant watches. The new analog full-metal GMC-B2100 is a chronograph timepiece in the 2100 Style, which is known for its iconic octagonal bezel.

With the 2019 release of the first 2100 Style watch — the GA-2100 digital-analog combination model — Casio presented a contemporary interpretation of the very first G-SHOCK. Known for its distinctive octagonal bezel and slim, stylish design, the 2100 Style has been proven popular around the world.

The new GMC-B2100 is a shock-resistant watch that boasts a full-metal octagonal bezel and three functional inset dials, for a bold, fully analog face design.

For this chronograph model with metal exterior and analog face, the band and the bezel’s top surface feature a refined hairline treatment, while the subtly sloped bezel sides have been given a beautifully polished mirror finish. The indexes and inset dials are crafted using intricate fine processing technologies and finished with vapor deposition, not only delivering a high-quality texture but also ensuring excellent readability. The iconic octagonal design motif of the 2100 Style is incorporated into the inset dial ring in the 9 o’clock position as well as the screw-down crown, adding a powerful sense of presence to the full-metal form of the watch.

The new watch delivers practical utility, as well. The GMC-B2100 comes with the Tough Solar charging system, which effectively converts light from the sun and indoor light sources to power the watch, eliminating the need to regularly replace the battery. It is also equipped with the Mobile Link feature* for accurate timekeeping display and easy setting of alarms, world time and other functions when paired with a smartphone via Bluetooth®.

* Requires downloading the dedicated CASIO WATCHES app.

Photo – https://mma.prnewswire.com/media/2510881/GMC_B2100_KV__1.jpg
Photo – https://mma.prnewswire.com/media/2510882/front__3.jpg

View original content:https://www.prnewswire.co.uk/news-releases/casio-to-release-new-analog-g-shock-with-octagonal-bezel-and-chronograph-dial-302254269.html

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Why Are Multinational Corporations Confident of Chinese Market?

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2 mins ago

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September 30, 2024

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BEIJING, Sept. 30, 2024 /PRNewswire/ — Finding Answers in China from China.org.cn:

 

As global economic uncertainties linger, multinational corporations are eyeing promising opportunities in China. What makes China a magnet for these companies? How are they adapting to the fast-paced changes in the market? In today’s episode of “Finding Answers in China“, Yoon Doson, CEO of CJ China, tells why he remains confident of the future in China.

Why Are Multinational Corporations Confident of Chinese Market?
https://youtu.be/AEv0m0avnGY

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/why-are-multinational-corporations-confident-of-chinese-market-302261774.html

SOURCE China.org.cn

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