The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Donald Delray McLee - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Can you hear me?
Question: Donald Delray McLee - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: So just to touch on the acquisition of those rendering plants a bit. Could you talk about how that fits in your overall strategy? And maybe what
type of capabilities it unlocks with the recently commissioned collagen Peptan production plants there?
Question: Donald Delray McLee - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. That's helpful. And then just looking at the Fuel segment, there was some pretty significant top line growth and margin expansion there,
which it sounds like from your comments, was driven by the performance of the international Fuel segment. But I was wondering if you could
maybe provide more color on what some of the specific underlying dynamics were that supported that strength?
Question: Donald Delray McLee - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. And then the last one for me. So there's clearly a big push in the renewable diesel with all the growth going on at the JV. And I was just
curious, what do you think about the longer-term fit of the biodiesel business just given the emphasis on renewable diesel?
Question: Donald Delray McLee - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Within the company?
Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst
: It's been only half a day. But since your press release said, it feels much longer. I just wanted to ask on the feedstock side. And I know you've gotten
a lot of questions about this, but I just wanted to maybe revisit the mix. A couple of years ago at the Investor Day, you estimated that Super Diamond
would run, I think it was 15% to 20% used cooking oil, 50% animal fats, and then the remainder mostly comprising corn oil. Could you give us an
idea of what the feedstock mix would be today if that proposed mix is kind of still how you're thinking about Super Diamond? And then how we
might think about that mix evolving if you do go ahead with Port Arthur?
Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst
: Okay. And just to clarify, does soybean oil become a factor as you think about Port Arthur? Or do you think that kind of those other 3 are going to
continue to be the driver?
| 
