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The Business Times reports that Evonik expanded its methionine facility on Jurong Island by 40,000 tonnes, bringing total capacity to 340,000 tonnes per year. The article says the site is now the world's largest methionine facility, with over 40% market share.
Adding capacity at the largest methionine plant increases supply of a key feed protein, which can put downward pressure on methionine prices.
businesstimes.com.sgTessa OhAug 28, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
