Agricultural commodity merchant Louis Dreyfus Company (LDC) said on Friday it will develop aquaculture and plant-based energy production as part of an industrial joint venture in China, reports Reuters.
The partnership with Donlink Group to create a food industry park near the southern port of Nansha marks a further diversification by LDC in China after agreements last year with retail chain Luckin Coffee covering coffee roasting and juice distribution.
The Nansha project will involve a total $1 billion investment and is expected to lead to annual production worth some 22 billion yuan, LDC said in a statement
