A joint venture between Genebiotech, a Korean biotechnology firm, and
Nutra-Flo Protein and Biotech Products, a Sioux City, Iowa-based feed ingredient
company, will create a high-tech soy fermentation facility in North Sioux
City—the first of its kind in the United States, Gov. Mike Rounds announced.
The new business, Nutraferma, will break ground in
2007, and production will begin in early 2008. The company will utilize advanced
Korean technology and a solid state fermentation technique to use soy and other
plant origin products to manufacture animal feeds. The expansion is being driven
by a global demand to supply animal diets with high quality protein sources.
Largest SSF in the US
The partnership is poised to
combine several successful animal feed ingredients developed by Genebiotech with
the readily available supply of high quality raw materials in the Siouxland
area. Once complete, the Nutraferma facility will be the largest solid state
fermentation installation in the United States, the news release adds.
Nutraferma's parent companies have had a successful business relationship
promoting and distributing each other's products since 1996.
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