FPA Comments on Darling Ingredients

Guru stock highlight

Author's Avatar
Mar 15, 2021

Darling Ingredients (DAR, Financial) manufactures and sells feed, food, and fuel from recycled animal products. The fuel segment has been the company's brightest spot through its Diamond Green Renewable Diesel partnership with Valero Energy Corporation, which produces low-emission sulfur from reclaimed animal fats. In addition, the partnership is continuing work on a new renewable diesel plant which will expand production from 250 million barrels per year to 650 million barrels per year.

From the FPA Queens Road Small Cap Value Fund's fourth-quarter 2020 letter.