Friday, April 01, 2022

Fertile soil in America for Chinese Communists

Tyler Durden reports negatively on the decision by some North Dakota state and local politicians to invite Communist Chinese officials into North Dakota.
As many in the feed industry are aware, the most recent bio-fermentation plant proposed in the US is to be built and controlled by Fufeng Group, one of China’s dominant players in the amino acid sector. In the recent past, Fufeng Group has looked at opening production facilities for their bio-fermented products (MSG, xanthan gum, lysine, threonine, tryptophan, valine, isoleucine) in Ukraine, India, and several other countries – as of yet, with no success. These countries are attractive for their generally low energy costs and abundance of starchy raw material. And given the exploding transportation costs for energy and grain commodities worldwide, the need is greater than ever for a manufacturer to locate close to supplies of both. After these failed attempts, it seems Fufeng has now found fertile soil in the city council of Grand Forks, North Dakota, and the state’s governor Doug Burgum.
Read much more here: https://www.zerohedge.com/geopolitical/chinas-belt-and-road-comes-americas-heartland-part-1-peculiar-story-fufeng-group-and

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