Tyson Foods Inc and Syntroleum Corporation receives approval for Dynamic Fuels plant

Jul 16, 2008 (M2 EQUITYBITES via COMTEX) -- TSN | Quote | Chart | News | PowerRating -- Tyson Foods Inc (NYSE: TSN), a processor and marketer of chicken, beef, and pork, and Syntroleum Corporation (NASDAQ: SYNM), which uses its technology to develop and participate in synthetic and renewable fuel projects, said on 15 July that their 50:50 joint venture, Dynamic Fuels, has received the final approval to build and fund its first renewable synthetic fuels facility in Geismar, Louisiana to the value of up to USD138m.

The Geismar facility will reportedly convert low grade, inedible fats and greases into renewable transportation fuels for the military and civilian markets. The plant, once in operation, is expected to produce about 75 million gallons of renewable synthetic fuel annually.

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