KLA: Tyson Entering Energy Business
The world’s largest meat processor has announced it is entering the renewable energy business to generate additional revenue. During a presentation to analysts and investors yesterday in New York City, Tyson officials announced the company is exploring ways to commercialize animal fat, a by-product of the processing business, into biofuels. The new business unit, called Tyson Renewable Energy, also is examining the potential use of poultry litter to generate energy and other products.
In other news from the presentation, Wendy Davidson with Tyson Foodservice announced plans to open a new, state-of-the-art research and development (R&D) facility early next year in Springdale, AR. The new Tyson Discovery Center is expected to boost the speed and efficiency of new product development by the company. Davidson said it will “quite simply be the best food R&D facility in the world,” with 19 test kitchens and a USDA-inspected pilot plant.
Tyson is the world’s largest processor and marketer of beef, chicken and pork. It is the second largest food company in the Fortune 500.
The world’s largest meat processor has announced it is entering the renewable energy business to generate additional revenue. During a presentation to analysts and investors yesterday in New York City, Tyson officials announced the company is exploring ways to commercialize animal fat, a by-product of the processing business, into biofuels. The new business unit, called Tyson Renewable Energy, also is examining the potential use of poultry litter to generate energy and other products.
In other news from the presentation, Wendy Davidson with Tyson Foodservice announced plans to open a new, state-of-the-art research and development (R&D) facility early next year in Springdale, AR. The new Tyson Discovery Center is expected to boost the speed and efficiency of new product development by the company. Davidson said it will “quite simply be the best food R&D facility in the world,” with 19 test kitchens and a USDA-inspected pilot plant.
Tyson is the world’s largest processor and marketer of beef, chicken and pork. It is the second largest food company in the Fortune 500.