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Evonik will build a methyl mercaptan plant at its Mobile, Alabama site, an intermediate currently sourced from third parties, to produce DL-methionine. The investment is about EUR 150 million over three years, with start-up planned for the second half of 2024.
Backward integration into methyl mercaptan secures methionine supply for Americas feed buyers, a modest long-term easing of the methionine tightness, with no near-term price impact.
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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.