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Evonik is adding 40,000 metric tons per year of DL-methionine (MetAMINO) capacity at its Jurong Island, Singapore plant, bringing it to about 340,000 tons per year. The high double-digit million euro investment is due to reach full capacity by Q3 2024 and will cut the plant's carbon footprint by 6%.
A roughly 40,000-ton increase in world methionine supply, from a major producer, adds to Asian feed-additive availability and could ease methionine prices over time.
evonik.comAnastasia Noryk, Nina PeckMar 30, 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.
