
Bluestar Adisseo responded to a Shanghai Stock Exchange inquiry about its share-issue fundraising. The funds are earmarked for a 150,000 tons/year solid methionine project, a 37,000 tons/year special feed additive project and a Burgos special feed additive project.
The company says it expects global methionine demand to grow about 4.4% annually.
Added methionine capacity from a major Chinese producer increases global supply into a market already in oversupply, which is bearish for methionine prices. The expansion is planned rather than immediate, so the near-term price effect is limited.
Not enough comparable past events yet for a historical read.
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