Oklahoma’s Syntroleum secures $12 million to fund biodiesel JV with Tyson Foods

Syntroleum announced today that it secured $12 million to finance its joint venture with Tyson Foods. The joint venture, known as Dynamic Fuels, will manufacture biodiesel in Louisiana using waste animal material from Tyson’s food production operations as a feedstock.

The Dynamic Fuels joint venture between Tyson Foods and Syntroleum announced earlier this month that they will begin construction of an animal fat and grease biodiesel plant next year. The $150 million project expected to be completed by 2010. Construction on the new plant is expected to begin in 2008 with completion set for early 2010.

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