# Strong demand for methionine Zhejiang Nhu Company Ltd(002001) investment and expansion with Sinopec | China Stock Market News

> Zhejiang NHU announced on December 26 a letter of intent to form a joint venture with Sinopec Zhenhai Refining to build a methionine production facility, with total investment of about 3 billion yuan. The article notes China is the world's largest methionine consumer, using about 200,000 tons a year and relying largely on imports.

- Date: 2021-12-27 · published 2021-12-27T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/43515-strong-demand-for-methionine-zhejiang-nhu-company-ltd-002001-investment-and
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

New domestic methionine capacity would gradually reduce China's reliance on imports and could ease the supply tightness behind methionine prices over time. The effect on near-term prices is limited because the plant is only planned.

## Read by commodity

- METH: neutral

## Sources

- chinastockmarketnews.com: https://chinastockmarketnews.com/post/37034.html

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