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Valero Energy begins cost review of renewable diesel plant with Darling Ingredients

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Sept 9 (Reuters) - U.S. refiner Valero Energy Corp said on Monday it has started a cost review of a new plant in Port Arthur, Texas, along with food processor Darling Ingredients Inc.

The facility, which is expected to produce 400 million gallons of renewable diesel a year, will be owned and operated by Diamond Green Diesel Holdings LLC, a joint venture between Valero and Darling.

The final investment decision on the project is expected in 2021. (Reporting by Arundhati Sarkar in Bengaluru)