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Adisseo, part of China's BlueStar group, plans a new methionine plant near its existing facility in Nanjing, China. The project is estimated at about $490 million and will add 180,000 metric tons per year of capacity when it opens in 2021.
Evonik Industries and Novus International are also building new methionine facilities to meet demand from poultry, pig and fish farmers.
Large capacity additions to methionine, a key feed amino acid, signal expected growth in poultry and swine feed demand and could ease future supply tightness and pricing for methionine buyers. The effect on feed grain and meal prices is limited.
cen.acs.orgMichael McCoyJan 22, 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.
