Tyson Foods in fuel venture
Tyson Foods Inc., the biggest U.S. meat processor, and Syntroleum Corp. formed a joint venture to produce fuel from animal fat and vegetable oil in response to growing demand for energy from renewable sources.
The venture’s first project will be a $150-million plant that can produce 75 million gallons a year of synthetic fuel for the renewable diesel, jet and military markets, the companies said.
The facility, at a yet-to-be-chosen site, is expected to be operational in 2010, providing annual operating profit of $35 million to $60 million.
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