# Evonik submits bid for METEX methionine technology platform - Evonik Industries

> Evonik submitted a binding bid on October 27 for METEX's entire methionine technology, including patents, bacteria strains and the inoLa brand. The bid is subject to Evonik committee approval, and both parties agreed to exclusivity. The companies also plan to explore research cooperation on biotechnological amino acids.

- Date: 2016-11-03 · published 2016-11-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74170-evonik-submits-bid-for-metex-methionine-technology-platform-evonik-industries
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

The bid signals a move toward fermentation-based methionine, which could eventually add competitive supply. Near-term feed price impact is minimal.

## Read by commodity

- METH: neutral

## Sources

- publications.evonik.com: https://publications.evonik.com/en/media/press-releases/nutrition-and-care/evonik-submits-bid-for-metex-methionine-technology-platform-105264.html

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