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Darling Ingredients turns what is left over from meat production into fats, proteins and fuel.
The company collects waste from meat plants and restaurants — bones, fat, used cooking oil — and converts it into feed proteins, gelatine and biofuel feedstock. The raw material comes cheap, and sometimes the company is paid to take it: disposing of it otherwise costs more.
The central story is a renewable diesel joint venture, where processed fat becomes fuel. Its economics rest on government incentives, and a change to them shifts profitability faster than any market factor. Risks: fat and protein prices, biofuel regulation and slaughter volumes. A separate and steadier line is collagen and gelatine for food and pharmaceutical use, where price does not depend on fuel incentives. The company pays no dividend.
The series is stated in the current share scale after splits; dividends are not included in the price
Address:5601 N MACARTHUR BLVD, IRVING, TX, 75038, US