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Dynamic Fuels to sell $100 million Gulf Opportunity Zone bonds
By Cristal Cody
Springdale, Ark., June 20 - Dynamic Fuels LLC received final approval to sell $100 million Gulf Opportunity Zone bonds from the Louisiana State Bond Commission, according to a statement.
A pricing date is believed to have been set but was not available Friday, a source said.
Dynamic Fuels is an equal venture between Tyson Foods Inc. and Syntroleum Corp. to convert low-grade inedible fats and greases into synthetic diesel, jet and military fuel.
Proceeds from the bonds will fund the company's first renewable synthetic fuels facility in Geismar, La.
The plant is expected to start production in 2010.
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