Cargill, New Hope and Hebei Bohai Investment launch new oilseeds processing plant in Cangzhou, Hebei Province, China.
Cargill, New Hope Group and Hebei Bohai Investment Group have launched a 100 million dollar oilseeds processing plant with an annual processing capacity of 1.32 million metric tons in Huanghua, Cangzhou in Hebei Province, China. The plant will help meet the growing demand for high quality food products in Northern China, drive the development of the local economy. The new plant covers 21,000 square meters in the Bohai New Development Area, which is the largest national economic development zone along China’s east coast. Finished products will include high quality oil and animal feed which will be marketed in northern China, including in the Beijing-Tianjin-Hebei region.
INVESTMENT IN JIHAI PORT
Also announced is the opening of Hebei Jihai Port, which manages a bulk & general cargo berth with a capacity of 100,000 tons. Jihai Port will serve the transportation and storage needs of the new plant for both domestic and international trade. It will connect Huanghua and Cangzhou to the global grain and food trade. Total investments in the Jihai Port have exceeded 100 million dollars.