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Novus International announced an investment review with Arkema to expand manufacturing capacity at Arkema's Beaumont, Texas plant. The project would double MMP raw material supply for the proposed ALIMET facility in Calhoun County, Texas.
The release describes the company as a global leader in animal health and nutrition.
Added methionine raw material capacity points to more future supply, which is mildly bearish for methionine prices, though the project is still under review.
prnewswire.comNovus International, Inc.Jun 1, 2018Not 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.
