Dynamic Fuels breaks ground on 76 Mgy biodiesel plant using Tyson by-products as feedstock
In Louisiana, Dynamic Fuels broke ground yesterday on its 76 Mgy biodiesel plant in Geismar. The partnership between Tyson Foods Inc. and Syntroleum will convert chicken grease and other animal fats and Tyson byproducts into renewable synthetic jet fuel. The state of Louisiana recently pledged $400,000 towards construction of a rail spur serving the $150 million plant.
Earlier this year, the founder and CEO of Syntroleum announced their resignations, as the company also announced 16 layoffs aimed at improving the company’s bottom line. Concurrent with the layoffs and management changes, the company announced that it will raise $12 million in new equity from Fletcher Asset Management of New York. Tyson Foods has been described as “conflicted” over the recent request by Governor Rick Perry to waive or reduce the Renewable Fuel Standard. Tyson supported the waiver request, but requesting that its $1 per gallons tax credit for producing biodiesel from animal fat be retained.
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Dynahog | Oct 10, 2008 | Reply
The $1 per gallon tax credit should be removed. If this is the one I heard discussed in the Senate, it was a question to Big Oil CEOs appearing before a committee. None of them said they needed it or even wanted it.
This was a ruse loophole where someone has been getting $1 per gallon of blended diesel fuel: 10% biodiesel blended with 90% road diesel.
It is an unnecessary and useless fuel from any viewpoint. Just a gimmick earmark to give someone $1 per gallon to make the biodiesel to pull off this rip off. I believe the predominant destination of this con was foreign nations, especially where languages differ and education of government officials is less instructive: Africa..
But otherwise I like the Dynamic Fuels project.
Sustainable Power Corporation (SSTP) could provide them Vertroleum(R) that is a biocrude oil with properties similar to petroleum. If Tyson Foods is providing soybean oil (recycling cooking oil), the processing interface should be very close to accepting Vertroleum(R).
SSTP has designs on a 523 MW Green Power Plant to provide electricity to a 400-Reactor Biofuel Plant using about 48 reactors for power generation. The excess electricity will be on the Power Grid for several million homes.
Recently SSTP has tested Waste processed into pellets. They are going to be paid $35/ton to get rid of it. They discovered their processing is far more productive in output Vertroleum(R) than ordinary biomass waste products (i.e., non-food products).
As for Geismar, I’m wondering where their Bio-Synfining Plant gets their electricity.
Picture Green Power Plant and Biofuel Plant nearby and a steady electricity supply and pipeline of Vertroleum(R) to up production quantities significantly from what Tyson Foods can provide.