China Egg Producer to Set Up U.S. Biogas Project With Smithfield
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Beijing DQY Agriculture Technology, a Chinese egg producer, will co-operate with a unit of U.S. meat supplier Smithfield Foods Inc. on a bio-fuel joint venture, the Chinese company said in a statement yesterday.
The biogas project will produce 3.5 million cubic meters of methane annually and have a power generating capacity of 1 megawatt, according to a statement on DQY’s website, which did not give an investment amount.