A Chinese bio-fermentation company is setting up shop in America's heartland.

Fufeng Group Limited is reportedly building a behemoth corn processing plant in North Dakota where it will manufacture products like corn starch, animal feed and pharmaceuticals.

The company is listed as being based in Hong Kong, however most of its production facilities are located in northeast China. The national security implications of this are astounding.

In early November, Fufeng announced that it was in negotiations to build a new agribusiness plant in Grand Forks. The facility is expected to consume around 25 million bushels of corn per year, and will cost around $350 million to build.

Fufeng USA, the company's American subsidiary, is reportedly in charge of the endeavor.

The investment has been dubbed "historic," not just because the company is tied to the communist Chinese regime but also because it is "the largest single private capital investment in the region's history," according to Keith Lund of the Grand Forks Region Economic Development Corporation.