Love's and Cargill launch Heartwell Renewables biofuels joint venture
In the United States (US), the Love's Family of Companies, global agri-commodities processor Cargill Inc., and their affiliates have entered into a unique 50/50 joint venture to produce and market renewable diesel - a green fuel experiencing strong, rising demand. The joint venture is called Heartwell Renewables and will result in the construction of a new production plant in Hastings, Nebraska (NE).
The Heartwell Renewables plant will have the ability to produce approximately 80 million (US) gallons (≈ 303 million litres) annually of renewable diesel. As part of the joint venture, Cargill will provide feedstock in the form of tallow, a rendered animal fat co-product following protein processing.
Once the diesel is produced, Musket Corporation, the commodity trading and logistics arm of the Love’s Family of Companies, will transport and market the product in the United States.
Heartwell Renewables will be the only entity of its kind to both produce and market renewable diesel all the way to the retail pump.
Heartwell Renewables expands the commitment from the Love’s Family of Companies to reduce carbon emissions. When considering the environmental benefits and performance enhancements of renewable diesel, the creation of Heartwell Renewables is a long-term win for not only the companies involved but also for consumers and the environment, said JP Fjeld-Hansen, VP of Musket and Trillium, two Houston-based members of the Love’s Family of Companies.
Drop-in renewable diesel fuel
The production process makes renewable diesel chemically identical to petroleum diesel with significant improvements in environmental performance due to its drop in carbon intensity (CI) and emissions. Renewable diesel also has a faster combustion speed, which brings more power to an engine and has been shown to lead to lower vehicle maintenance.
At Cargill, we believe agriculture can be part of the solution to some of the world’s toughest challenges. Through the partnership with Love’s, both companies can leverage their unique expertise and resources to address the growing demand for biofuels while making an impact in the communities where we operate, said John Niemann, Cargill’s North American lead for protein ingredients and international.
Heartwell Renewables will employ at least 50 full-time positions in Hastings. Construction is scheduled to begin in the following weeks, and operations should start in the spring of 2023.
Once the plant opens, it will be one of only a handful of renewable diesel plants in the United States, according to the US Department of Energy (DOE).
The Heartwell Renewables facility presents an exciting combination of agriculture and renewable energy that will create new jobs and continue to grow our state’s economy. Nebraska is the ideal location for this venture, leveraging our expertise in production agriculture and renewable fuels. I look forward to watching Cargill and Love’s grow this endeavor in Hastings, said Nebraska Gov. Pete Ricketts.