Chinese Corn Mill Project’s Land Purchase in North Dakota Determined as ‘Not Covered’ by Federal Agency Review, Next Steps to be Set in 2023

[Epoch-Times-Bot]

Chinese Corn Mill Project's Land Purchase in North Dakota Determined as 'Not Covered' by Federal Agency Review, Next Steps to be Set in 2023

The Committee on Foreign Investment in the United States (CFIUS) has determined the land sale for the Chinese corn mill project in North Dakota as "not a 'covered transaction'" under the Committee's jurisdiction, according to a decision letter on Dec. 12.
"Fufeng USA is pleased with the outcome of the CFIUS review and is looking forward to building its wet corn milling and biofermentation plant in Grand Forks, North Dakota," said the subsidiary of the Chinese company Fufeng Group.
In the fall of 2021, Fufeng bought 370 acres of land in North Dakota for $2.6 million. The city of Grand Forks approved the development agreement for the corn mill project in July. The two senators representing the state have called out national security concerns associated with the venture, as the land is within 15 miles of the Grand Forks Air Force base, which houses sensitive drone, satellite, and surveillance technology....

Source: Chinese Corn Mill Project's Land Purchase in North Dakota Determined as 'Not Covered' by Federal Agency Review, Next Steps to be Set in 2023

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