Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 11:29:07 AM CST



Chicken Fat Doubles as Diesel

Posted Apr 17, 07 10:05 AM CDT in Business Science & Health 

(Newser) – Two corporate giants are teaming up to produce biofuels and boost their bottom lines. Tyson Foods, the world's biggest meat producer, and third-largest U.S. oil company ConocoPhillips will be using about half of Tyson's animal fat to make a renewable diesel fuel, which will account for about 3% of ConocoPhillips's total production.

By 2009, the companies hope to be turning 2.3 billion pounds of animal fat into 175 million gallons of biodiesel per year. ConocoPhillips will put $100 million into the project over the next five years, and Tyson hopes its new customer base will improve its flagging financial performance.

Source Bloomberg

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon
ConocoPhillips chairman and CEO Jim Mulva, left, shakes hands with Tyson Foods, Inc. president and CEO Richard Bond, right, following a conference to announce an alliance between their companies to produce...   (Associated Press)
Tyson Foods truck   (Getty Images)
« Prev« Prev | Next »Next » Slideshow

Threads (
1
 of 3)



Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Home Stories


What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »