The Love’s Family of Companies and Cargill have entered into a 50/50 joint venture to produce and market renewable diesel – a green fuel experiencing rising demand.
The joint venture – Heartwell Renewables- will result in the construction of a new production plant and more than 50 jobs in Hastings, Neb. The plant will have the ability to produce approximately 80 million gallons 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, the commodity trading and logistics arm of the Love’s Family of Companies, will transport and market the product in the U.S. Heartwell Renewables will be the only entity of its kind to both produce and market renewable diesel all the way to the retail pump.