Darling Ingredients To Sell ~$150M Of Production Tax Credits To An Unnamed Corporate Buyer
These credits were generated under the Inflation Reduction Act (IRA) by the company’s Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by the end of the third quarter, upon
Darling Ingredients is selling special government tax credits worth about $150 million to another company, which will give them cash by summer's end. This is like trading a coupon you earned for money now—it helps their wallet but doesn't change what their business actually makes or sells.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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