Darling Ingredients Signs Agreement With Undisclosed Corporate Buyer To Sell ~$60M Of Production Tax Credits

Benzinga · 12/04 21:37
Darling Ingredients Inc. (NYSE: DAR) today announced an agreement to sell approximately $60 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA) by the company's Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by Dec. 31, 2025, upon satisfaction of certain funding conditions.
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