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Evonik will spend about $170 million on a methyl mercaptan plant in Mobile, Alabama, used to make DL-methionine. The company currently buys this raw material from third parties.
The plant reduces Evonik's reliance on outside methyl mercaptan suppliers, supporting more reliable methionine supply for feed makers in the long run.
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.