The Committee on Foreign Investment in the United States (CFIUS) has determined the land sale for the Chinese corn mill project in North Dakota as “not a ‘covered transaction’” under the Committee’s jurisdiction, according to a decision letter on Dec. 12.
“Fufeng USA is pleased with the outcome of the CFIUS review and is looking forward to building its wet corn milling and biofermentation plant in Grand Forks, North Dakota,” said the subsidiary of the Chinese company Fufeng Group.