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Evonik is expanding its methionine plant on Jurong Island in Singapore to cut the CO2 footprint of production. The project includes a steam turbine, a new plant building and a green hydrogen electrolysis unit expected to start next year.
This is a company production-efficiency investment with no immediate effect on methionine supply or price. It may matter for longer-term cost structure in amino acid supply.
elements.evonik.comAnnette LocherJun 9, 2023Not 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.
