12/8/2007

Mitsubishi wins bid to take over Kentucky Fried Chicken Japan
Dec. 8, 20007 / TOKYO (AP) — Trading house Mitsubishi Corp. said Saturday that it successfully completed a friendly takeover of Kentucky Fried Chicken Japan Ltd., which owns more than 1,500 KFC and Pizza Hut restaurants around the country…more…

Hmmm, there’s some synergy here. Mitsubishi Oil is a major importer and KFC is a major greaseball. Industry is looking to exploit cheap and plentiful animal fats as biodiesel (Tyson’s Foods recently estimated that, “one 42-gallon barrel of renewable diesel requires about one barrel of animal fat and each barrel requires, on average, two steers, or 16 hogs or 1,300 chickens”). And, with the existing plants that produce diesel oil from waste vegetable oil at Kentucky Fried Chicken restaurants, there’s got be a profit angle here somewhere, ha, ha.