# Gov. Ivey: Evonik plans to invest $176.5 million in expansion project at Mobile area facility -

> Alabama Governor Kay Ivey announced that Evonik plans to invest $176.5 million in a methyl mercaptan plant at its Mobile facility. The plant is scheduled to start in the second half of 2024 and will strengthen the site as a methionine hub.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/43028-gov-ivey-evonik-plans-to-invest-176-5-million-in-expansion-project-at-mobile
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

The project adds intermediate capacity for DL-methionine in the Americas, a long-dated supply improvement with no immediate price effect.

## Read by commodity

- METH: neutral

## Sources

- governor.alabama.gov: https://governor.alabama.gov/newsroom/2022/02/gov-ivey-evonik-plans-to-invest-176-5-million-in-expansion-project-at-mobile-area-facility/
- madeinalabama.com: https://www.madeinalabama.com/2022/02/evonik-plans-to-invest-176-5-million-in-alabama-expansion-project/

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