2023-06-01 17:05:42 ET
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Darling Ingredients ( NYSE: DAR ) said Thursday it has entered into a letter of intent with Butterball LLC.
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Under LOI, the company will explore the construction of a new poultry rendering plant adjacent to Butterball's Mt. Olive, North Carolina, facility.
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The new facility being explored is anticipated to be able to process about 18 million pounds of material weekly through three lines.
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Pending permits and the execution of definitive agreements, construction would likely begin in early 2024 and be completed in 2025.
For further details see:
Darling Ingredients plans to build a poultry plant in North Carolina with Butterball