Tyson's Dynamic Fuels Inks Distribution Alliance for Biofuels
2/1/2012 3:42:19 PM
Dynamic Fuels LLC, a joint venture between Tyson Foods Inc. of Springdale and Syntroleum Corp. of Tulsa, has entered into an alliance with Mansfield Oil Co. of Gainesville, Ga., to distribute Dynamic's synthetic renewable diesel to the commercial fleet vehicle market.
Mansfield markets and distributes more than 2.5 billion gallons of fueling products per year to thousands of commercial customers across all 50 states and Canada.
Ron Stinebaugh, senior vice president of Syntroleum, said in a news release that the agreement among the companies will allow Dynamic to deliver a reliable supply of fuel to fleet customers at prices comparable to ultra-low sulphur diesel.
"Mansfield is the biggest fuel supply chain company in the industry, which gives Dynamic Fuels access to the largest, most recognizable fleet operators in the United States," Stinebaugh said.
Under the agreement, Dynamic Fuels and Mansfield will jointly market renewable diesel, giving Dynamic access to Mansfield's existing commercial accounts while expanding Mansfield's large portfolio of renewable fuel products for its customers.
The deal also allows Dynamic to outsource supply chain services to Mansfield, including logistics management, customer service support, invoicing and billing services.
"We're impressed by Dynamic Fuels' position as one of the leading renewable diesel producers in the United States and are confident they will remain the industry leader and a key partner for us," said Doug Haugh, president of Mansfield Oil Co.
"Through this partnership, we're working to distribute renewable diesel directly to our fleet customers who are interested in increasing the renewable content of the fuels they consume."
Dynamic Fuels is a 50-50 venture of Tyson Foods (NYSE: %%TSN%%) and Syntroleum (Nasdaq: %%SYNM%%) that produces renewable and synthetic fuels from animal fats and greases. Tyson Foods is one of the world's largest processors and marketers of chicken, beef and pork.
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