The Deal
Sunday, November 8, 
3:04 pm

ConocoPhillips, Tyson Foods: Green allies

Posted on April 16, 2007 at 4:19 PM
Filed under: Joint Ventures and Alliances | Research and development
[ Share ]  [ E-mail ]  [ Leave a Comment ]

A meat processor and an oil company are joining forces to turn fat into clean energy. The nation's third largest oil company, ConocoPhillips Co., is teaming up with the largest U.S. meat processor, Tyson Foods Inc. to create renewable diesel fuel, which will help supplement the traditional petroleum-based diesel fuel supply. After capital expenditures allowing the firms to produce the fuel in several refineries, the finished product will be renewable diesel fuel mixtures that meet all federal standards for ultra-low-sulfur diesel. Production is expected to ramp up over time to as much as 175 million gallons per year. The processing technology was developed at ConocoPhillips, which began commercial production of renewable diesel using soybean oil in Ireland late last year.

The animal fats, consisting of beef, pork and poultry by-products, will be processed with hydrocarbon feedstocks to produce a high-quality diesel fuel. One benefit of the renewable diesel is that it can be produced and distributed using existing refineries and distribution systems. Richard Bond, Tyson president and CEO said "This strategic alliance is a big win for the entire agricultural sector because it paves the way for greater participation of fats and oils in renewable fuels."

See the press release from ConocoPhillips

Join Corporate Dealmaker's LinkedIn forum

Comments
Post a comment


Search


Search For

Corporate Dealmaker Video


Linklaters' Schmidt on Pfizer-Wyeth review

Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.
Decade of The Deal


Movers & Shakers


Juergen Lasowski
Onyx Pharmaceuticals Inc.

Edward Swallow
Northrop Grumman Corp.

Owen Mahoney
Outspark

Alice Kim
FLO TV Inc.

Eric Hausler
Isle of Capri Casinos Inc.
Juergen Lasowski, Onyx Pharmaceuticals Inc.
Edward Swallow, Northrop Grumman Corp.
Owen Mahoney, Outspark
Alice Kim, FLO TV Inc.
Eric Hausler, Isle of Capri Casinos Inc.


COMPLETE MOVERS & SHAKERS ARCHIVES

The Magazine


MACDdec1cover.gifAnd the winners are...
Even in a period when things like toxic credit default swaps and noxious structured investment vehicles dominate the conversation in many parts of the deal community, people are still willing to take the time to recognize skill and achievement in the strategic transactions that help those companies adapt and grow.
View the complete issue


Last Issue
Archives
Suggest a topic
Purchase a reprint
Subscribe to The Deal


Monthly Archives


Syndicate

Contributors

footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.