# Evonik gets biobased methionine technology

> Evonik Industries has submitted a bid to acquire the methionine fermentation technology of French biotech Metabolic Explorer, with the price reportedly at least half of that company's roughly $63 million market value. Global methionine sales exceed $3 billion annually, and most animal-feed amino acids other than methionine are made by fermentation.

- Date: 2016-11-14 · published 2016-11-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74158-evonik-gets-biobased-methionine-technology
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

A potential shift to fermentation-based methionine production could eventually change the cost structure and supply base of a major feed amino acid, but the deal is at bid stage and has no near-term price impact.

## Read by commodity

- METH: neutral

## Sources

- cen.acs.org: https://cen.acs.org/articles/94/i45/Evonik-biobased-methionine-technology.html
- doi.org: https://doi.org/10.1021/cen-09445-notw13

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