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Source: Alicia Karapetian, MEATINGPLACE.COM, 6/23/08
Dynamic Fuels LLC, a joint venture between Tyson Foods Inc. and Syntroleum Corp., announced that the company has received final approval from the Louisiana State Bond Commission for $100 million in tax exempt Gulf Opportunity Zone bonds to fund the building of the company's first renewable synthetic fuels facility.
The maximum allocation of Go Zone bonds is $100 million, though Dynamic Fuels expects the plant cost nearly double that amount.
Dynamic Fuels was created to convert low-grade inedible fats and greases into renewable synthetic diesel, jet and military fuel. The company hopes to have the plant on line in early 2010.
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