Heartwell Renewables is the name of the new renewable diesel production company, which is a 50/50 joint venture between Cargill and Love’s Family of Companies. The new company will result in the construction of a new production plant and more than 50 jobs in Hastings, Nebraska.
Firstly, Heartwell Renewables will produce up to 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.
Secondly, once produced, Musket, the commodity trading and logistics arm of the Love’s Family of Companies, will transport and market the renewable diesel across the United States.
Thirdly, Heartwell Renewables will be the only entity of its kind to both produce and market renewable diesel all the way to the retail pump.
Moreover, Heartwell will use a production process to make the renewable fuel chemically identical to petroleum diesel. However, it will present substantial environmental performance improvements, like a significant carbon intensity and emissions drop.
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Heartwell Renewables to be one of the very few companies of its kind in the U.S.
In addition, it will also have a faster combustion speed, which will bring more power to an engine; consequently, it will lead to lower vehicle maintenance.
On the other hand, as said above, Heartwell Renewables will employ at least 50 full-time positions in Hastings, Nebraska. It will begin construction in the following weeks, and operations are expected to begin by the spring of 2023.
Furthermore, according to the company’s statement, citing data from the U.S. Department of Energy; once built, Heartwell Renewables’ plant will be one of only a handful of renewable diesel plants in the United States.
Moreover, JP Fjeld-Hansen, vice president of Musket, said. “Heartwell Renewables expands the commitment from the Love’s Family of Companies to reduce carbon emissions. The creation of Heartwell Renewables is a long-term win; not only for the companies involved, but also for consumers and the environment.”
Finally, John Niemann, Cargill’s North American lead for protein ingredients, said. “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.”