Dynamic Fuels is an equal-stake joint venture between Tyson and Syntroleum to convert low-grade, inedible fats and greases into renewable transportation fuels for the military and civilian markets.

In conjunction with plant approval, Tyson and Syntroleum have approved the project budget of $138 million. Capital funding includes $100 million in GO Zone bonds previously approved by the Louisiana State Bond Commission.

The balance of $38 million will be funded through equity contributions in the form of cash commitments of $19 million per owner, out which $13.25 million has been delivered to Dynamic Fuels by each owner in July 2008.

Construction of the Dynamic Fuels refinery reportedly remains on schedule. Construction is expected to begin in October 2008, and mechanical completion of the plant is expected by 2009 year-end.

Prior to plant sanction, Dynamic Fuels placed orders for long lead time equipment, thereby locking in pricing and securing delivery times consistent with the overall project schedule.