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Novus International confirmed an in-depth investment review with Arkema to expand manufacturing capacity at Arkema's Beaumont, Texas plant. The expansion would double MMP raw material supply for the proposed ALIMET facility in Calhoun County.
Novus is privately owned by Mitsui & Co. (USA) and Nippon Soda.
Added methionine raw material capacity points to more future supply, which is mildly bearish for methionine prices, though the project is still under review.
feedstuffs.comJun 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.
