NutraCea (NTRZ.OB) Signs Landmark Definitive Agreement with Food Conglomerate
NutraCea, a world leader in stabilized rice bran, has signed a definitive agreement with the Bright Food Investment Group, a subsidiary of Bright Food Group, to build the world's largest rice bran oil refinery. The new refinery will process an estimated 500,000 metric tons of raw rice bran annually to produce rice bran oil, new patent-pending defatted rice bran, and stabilized rice bran, all of which will be used in a wide range of food applications. The facility is estimated to be completed in 2010 and will be the world's largest rice bran oil manufacturing plant, with the capacity to…