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TechnipFMC completed the Polar project, a 93-million-euro expansion at Adisseo's liquid methionine plant in Villalonquéjar, Burgos, Spain. The work raised the site's production capacity by 35% and is the only European plant making liquid methionine, an amino acid used in animal nutrition.
The expansion also added about 20% to the plant's workforce.
The added liquid methionine capacity increases supply of an animal-feed amino acid whose market is expected to grow about 6% a year, which could weigh on methionine prices if demand does not keep pace. The effect is modest because this is a single plant expansion, not a shift in global supply.
technipfmc.comFeb 1, 2019Not 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.
