Louisiana awards $400K to support Dynamic Fuels animal fat biodiesel project with improved rail access

January 23, 2008

The Louisiana Economic Development Corporation has awarded $400,000 towards the construction of a rail spur that would serve the $126 million Dynamic Fuels biodiesel project in Ascension Parish. The Parish had already pledged $600,000 in sales tax rebates to assist in rail spur construction. The Dynamic Fuels plant is a joint venture between Syntroleum and Tyson Foods, and will convert animal fats and other agricultural waste into biofuels.

The Dynamic Fuels joint venture between Tyson Foods and Syntroleum announced last November 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. Syntroleum announced later in November that it had secured $12 million to finance its joint venture with Tyson Foods.

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Written by Jim Lane · Filed Under Policy, Producer News