A timeline toward construction unfolds over the next few months. On March 7, the city is slated to approve major property tax breaks for the project, complementing similar incentives already approved by county and school district leaders. By the end of April, the city will likely finish the process of annexing the site of the future Fufeng plant, as well as a group of nearby businesses that have been skeptical of the deal.
A timeline toward construction unfolds over the next few months. On March 7, the city is slated to approve major property tax breaks for the project, complementing similar incentives already approved by county and school district leaders. By the end of April, the city will likely finish the process of annexing the site of the future Fufeng plant, as well as a group of nearby businesses that have been skeptical of the deal.
City leaders revealed the deal this week in a meeting with the Grand Forks Herald. They say the plant will be a “wet corn milling” facility, owned by China-based Fufeng Group Limited, and will consume about 25 million bushels of corn once it’s running at full capacity, sometime around 2024 or 2025. Fufeng Group has not described the facility’s product line yet, but the company reportedly produces starch sweetener, corn oil, amino acids, xanthan gum and a range of other additives.