Canaccord Genuity Morning Coffee on Syntroleum (SYNM), Tyson Foods (TSN) and Norfolk Southern (NSC): A Win-Win-Win
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Rating Summary:
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Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Canaccord Genuity Morning Coffee on Syntroleum (Nasdaq: SYNM), Tyson Foods (NYSE: TSN) and Norfolk Southern (NYSE: NSC): A win-win-win.
Dynamic Fuels, a 50/50 venture owned by Tyson Foods and Syntroleum, announced that it and Mansfield Oil have signed an agreement to supply renewable diesel to Norfolk Southern, one of America's largest transporters of coal and industrial products. Norfolk Southern has primarily been using a 100% pure Dynamic Fuels renewable diesel at its Meridian, Mississippi rail yard since early January. Dynamic Fuels recently signed commercial off-take and strategic alliance agreements with Mansfield to market renewable diesel to fleet customers. Dynamic Fuels, which is the operator of the first commercial advanced biofuels plant in the U.S., produces next-generation renewable and synthetic fuels from animal fats and greases. The company's Geismar, La., plant produces renewable diesel as "drop in" fuel that can replace 100% of petroleum diesel in a diesel engine without engine modification. Commenting on the new agreement, Norfolk's VP Operations, Planning and Support, Gerhard Thelen, stated, "Norfolk Southern is pleased to be the first fleet user of renewable diesel in the U.S. Our locomotive engines are completely compatible with the pure renewable diesel provided by Dynamic Fuels and Mansfield. Together, they have provided seamless integration of renewable diesel supply into our Meridian, Miss., yard."
Dynamic Fuels, a 50/50 venture owned by Tyson Foods and Syntroleum, announced that it and Mansfield Oil have signed an agreement to supply renewable diesel to Norfolk Southern, one of America's largest transporters of coal and industrial products. Norfolk Southern has primarily been using a 100% pure Dynamic Fuels renewable diesel at its Meridian, Mississippi rail yard since early January. Dynamic Fuels recently signed commercial off-take and strategic alliance agreements with Mansfield to market renewable diesel to fleet customers. Dynamic Fuels, which is the operator of the first commercial advanced biofuels plant in the U.S., produces next-generation renewable and synthetic fuels from animal fats and greases. The company's Geismar, La., plant produces renewable diesel as "drop in" fuel that can replace 100% of petroleum diesel in a diesel engine without engine modification. Commenting on the new agreement, Norfolk's VP Operations, Planning and Support, Gerhard Thelen, stated, "Norfolk Southern is pleased to be the first fleet user of renewable diesel in the U.S. Our locomotive engines are completely compatible with the pure renewable diesel provided by Dynamic Fuels and Mansfield. Together, they have provided seamless integration of renewable diesel supply into our Meridian, Miss., yard."
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