Tyson And Syntroleum To Build Synthetic Fuel Plant
Monday, June 25th 2007, 10:00 am
By: News On 6
SPRINGDALE, Ark. (AP) -- Arkansas-based Tyson Foods is announcing plans to enter a venture with a Tulsa-based company to build a synthetic fuels plant using fat from beef, pork and chicken produced by Tyson. Tyson and Syntroleum Corporation say they'll spend $150 million on the project.
The site for the plant hasn't been announced but the companies say it will be in the south central United States and will have about 65 employees. The companies intend to open the plant next year and say it will produce 75 million gallons of synthetic fuel each year.
Tyson and Syntroleum are calling the venture Dynamic Fuels LLC and say it will compete in the renewable diesel, jet, and military fuel markets.