Announcement

China's Fufeng Biotechnologies Co., Ltd. plans to invest US$350 million in Kazakhstan.   

The Prime Minister of Kazakhstan recently met with Li Xuechun, Chairman of Fufeng Biotechnologies Co., Ltd., for in-depth discussions on cooperation in agricultural deep processing and coal chemical industry. Fufeng Biotechnologies Co., Ltd. plans to invest US$300 million to US$350 million in Kazakhstan to build a deep-processing industrial park using corn as raw material. The project will include production lines for starch sugar, amino acids, monosodium glutamate (MSG), xanthan gum, as well as supporting coal-fired power stations and wastewater treatment facilities. It is expected to create about 1,000 jobs. The group will also participate in local crop planting, provide fertilizers and agricultural technologies, and has expressed interest in cooperation in the coal chemical sector. The Kazakh Prime Minister stated that the government will fully support this high value-added project, and relevant departments have been instructed to accelerate the signing of the investment agreement with Fufeng Biotechnologies Co., Ltd.