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February 18, 2012

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Bio-fuel venture

CHINA'S biggest egg producer yesterday said it will cooperate with a major US meat supplier to establish a bio-fuel company in the United States with a total investment of US$1.8 billion.

Beijing DQY Agriculture Technology Co and Virginia-based Smithfield Foods will set up a joint venture to be co-run by their subsidiaries, DQY said in a statement.

 

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