Louis Dreyfus Plans Fish Farming, Bio-Energy in Chinese Venture
Partnership with Donlink Group to create food industry park near southern port of Nansha
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