Tyson, ConocoPhillips increase beef tallow biodiesel capacity to 7.6 Mgy

In Arkansas, the joint venture between Tyson Foods and ConocoPhillips to produce biodiesel from beef tallow has increased capacity from an initial 1.5 Mgy to 7.6 Mgy.

Tyson Foods recently blamed ethanol for a drop in profits of 10 cents a share, or $23 million, in its first fiscal quarter, and the company said that uncertainty over grain prices made it impossible for the company to issue earnings guidance to analysts. Tyson said that its costs rose 3.9 percent in the first quarter compared to the same period last year, while sales increased 3.2 percent.

Tyson’s alternative fuel joint venture, Dynamic Fuels, which will convert Tyson byproducts into renewable synthetic jet fuel, is schedule to commence production in 2010 in Louisiana.  is expected to be completed by 2010. The state of Louisiana recently pledged $400,000 towards construction of a rail spur serving the $150 million plant, a joint venture between Tyson Foods and Syntroleum.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Tyson Foods “conflicted” over biofuels policies: supports ethanol mandate waiver, wants biodiesel tax incentives

In Texas, Tyson Foods is said to be "conflicted" over the request by Governor Rick Perry to waive or reduce the Renewable Fuel Standard. Tyson is supporting the waiver request, but requesting that its...

US Senate votes to extend renewable energy tax credit, eliminates Tyson-ConocoPhillips “cleaner diesel” credit

In Washington, the US Senate passed an $18 billion package to extend the renewable energy tax credit, worth $18 billion per year to wind, solar, geothermal and biomass producers; the bill also include...

The birth and death of the ConocoPhillips-Tyson partnership for renewable diesel; role of NBB in killing off biofuel venture revealed

In Washington, the Examiner newspaper traces the rise and fall of the ConocoPhillips-Tyson biofuel partnership to a little-known chicken fat fuel processing amendment that originated with Missouri con...

Tyson Foods blames biofuels for profit slide

Tyson Foods blamed ethanol for a drop in profits of 10 cents a share, or $23 million, in its first fiscal quarter, and the company said that uncertainty over grain prices made it impossible for the co...

ConocoPhillips kills green diesel partnership with Tyson, says reduced subsidy made project uneconomic

In Texas, ConocoPhillips announced that it has killed its partnership with Tyson Foods to produce renewable diesel from animal fat. The company said that the production partnership could be restarted ...

ConocoPhillips outlines transformation from an oil and gas company to energy company

In Michigan, the CEO of ConocoPhillips indicated his company's strong focus on transforming from an oil and gas company into an "energy company", highlighting investment in wind, solar, and biofuels p...