Darling Ingredients Inc. Announces Diamond Green Diesel Receives Approval of Excise Tax Registration
Darling Ingredients Inc. (NYSE: DAR) today announced that its 50/50 joint venture Diamond Green Diesel (DGD) received approval of its Excise Tax Registration from the Internal Revenue Service. Registration is one of the requirements for a taxpayer to be eligible to claim the Internal Revenue Code 45Z credit.
“Obtaining the excise tax registration is the first step in our ability to monetize the 45Z Producer’s Tax Credit,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “We are extremely encouraged by the registration and look forward to guidance concerning 45Z being released in the near future.”
Learn more about our renewable diesel and SAF production at DGD at darlingii.com/DGD.