# Evonik announces a $176.5 million expansion of Mobile plant

> Evonik announced a $176.5 million expansion at its Mobile, Alabama site to produce methyl mercaptan for MetAmino. The plant is scheduled to come online in the second half of 2024.

- Date: 2022-03-15 · published 2022-03-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/42605-evonik-announces-a-176-5-million-expansion-of-mobile-plant
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

The project secures future DL-methionine supply in the Americas, but the 2024 start date means it does not move near-term methionine prices.

## Read by commodity

- METH: neutral

## Sources

- 1819news.com: https://1819news.com/news/item/evonik-announces-a-176-5-million-expansion-of-mobile-plant-03-15-2022

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.