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Evonik announced at IPPE in Atlanta that it will commission a new methyl mercaptan plant in Mobile, Alabama in 2024. The backward integration lets the site make all methionine intermediates on-site.
Greater US methionine self-sufficiency adds future supply capacity and reduces dependence on imported intermediates, which tends to ease US methionine price pressure over time.
Not 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.