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Latest | Highest ratedRenewable Diesel: Biodiesel' s Nightmare [View article]
In June 2007, the Company, along with Syntroleum Corporation, announced the formation of Dynamic Fuels LLC, a 50/50 joint venture, which will produce synthetic fuels targeting the renewable diesel, jet and military fuel markets. Tyson anticipates total initial capital spending of approximately $75 million for the construction of the initial facility, which is 50% of the estimated cost to construct the first facility. Construction is expected to begin in fiscal 2008 and continue through fiscal 2009, with production targeted for 2010. The Company continues to evaluate additional international and domestic growth opportunities.