South Korea's food giant CJ CheilJedang Corp. is aiming to become the world's biggest green biotech firm, using nucleic acid, a seasoning material, as its springboard. The company has maintained its top place in terms of market share in the global nucleic acid market for eight years in a row. CJ CheilJedang was able to obtain the biggest share in the global market with its strategy to secure quality and cost competitiveness in the global nucleic acid market based on preemptive investment efforts and a high level of competence in research and development.
As CJ Bio America enters its fifth year in Webster County, the company is preparing for a $51 million expansion project to begin producing a new product. CJ Bio America will begin producing L-Threonine, which is an amino acid used as an additive in livestock feed. The new initiative will lead to jobs being created in production and production support.
CJ BIO announced its plan to produce L-threonine at the company’s production facility in Ft. Dodge, Iowa. CJ BIO is completing detailed design now and will begin construction in the second quarter of 2018. Initial output will be 20,000 metric tons starting in mid-2019. The total investment will exceed $50 million, bringing the company's total investment in Ft. Dodge to more than $400 million since 2014. The expansion will also create additional jobs at the Ft. Dodge plant.