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SPRINGDALE, Ark. (AP) - Tyson Foods Inc., the world's largest meat producer, announced Monday its second joint venture to make synthetic fuel out of leftover fat from beef, pork and chicken.
Tyson and Tulsa, Okla.-based Syntroleum Corp. said they will spend $150 million to build the first of what could be several plants to refine animal and vegetable fats into diesel, jet fuel and fuel for the military. It is the second such venture Tyson has announced in the past two months.
Tyson Chief Executive Richard Bond said the joint venture with Syntroleum was part of Tyson's effort to become a leading player in the renewable energy business.
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