Sunday, May 26, 2024

Tyson selling ownership of renewable fuels company

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AMES, Iowa — Renewable Energy Group Inc. has reached an agreement with Tyson Foods Inc. to acquire Tyson’s 50 percent ownership position in Dynamic Fuels LLC, the companies have announced.

Completion of the transaction with Tyson Foods, which is contingent upon the closing of REG’s December 2013 announced agreement to acquire substantially all of the assets of Syntroleum Corp., would give REG full ownership of Dynamic Fuels and its 75-million gallon per year nameplate capacity renewable diesel biorefinery in Geismar, La.

Tyson and Syntroleum formed Dynamic Fuels in 2007 as a 50/50 joint venture. The Geismar facility. . .

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