Tyson Foods and Syntroleum break ground
Arizona-based food processor Tyson Foods and technology provider Syntroleum have broken ground on a joint-venture (JV) biodiesel plant that will turn animal fat into high-quality diesel and jet fuel.
The $138 million (101 million Euro's) Dynamic Energy plant in Geismar, Louisiana, is scheduled to produce 75 million gallon/year (284 million litres/year) of the renewable fuel by 2010.
Tyson will supply feedstock animal fat, while Oklahoma-based Syntroleum will bring refining technology to the project. The Louisiana government will sell $100 million in bonds to pay for the plant's expected cost, with the two companies splitting the $38 million difference.
'We believe our fuels will appeal to the operators of fleet vehicles and city buses who want to reduce emissions, as well as the military and commercial airlines seeking ultra-clean renewable jet fuel,' says Dynamic director Jeffrey Bigger.
The project is Tyson's latest foray into biodiesel production. The company said its 175 million gallon/year renewable diesel project with oil giant ConocoPhillips is currently under review due to a cutback in the federal tax credits it had been eligible for.
The $138 million (101 million Euro's) Dynamic Energy plant in Geismar, Louisiana, is scheduled to produce 75 million gallon/year (284 million litres/year) of the renewable fuel by 2010.
Tyson will supply feedstock animal fat, while Oklahoma-based Syntroleum will bring refining technology to the project. The Louisiana government will sell $100 million in bonds to pay for the plant's expected cost, with the two companies splitting the $38 million difference.
'We believe our fuels will appeal to the operators of fleet vehicles and city buses who want to reduce emissions, as well as the military and commercial airlines seeking ultra-clean renewable jet fuel,' says Dynamic director Jeffrey Bigger.
The project is Tyson's latest foray into biodiesel production. The company said its 175 million gallon/year renewable diesel project with oil giant ConocoPhillips is currently under review due to a cutback in the federal tax credits it had been eligible for.
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