Evonik announces major investment in Singapore

EvonikWith the largest of its chemical investments to date, Evonik—a leading specialty chemicals company— plans to strengthen its core business with essential amino acids for animal nutrition.

The Group will invest roughly one-half billion Euros in Singapore for the construction of a methionine complex with an annual capacity of 150,000 metric tons.
In the completely backward-integrated complex on Jurong Island, Evonik will not only produce the amino acid methionine, which is in high demand for animal feed, but also all the strategically important raw materials required for the production process. The new plant is scheduled to begin operating in the second half of 2014. The main engineering and raw material contracts have already been awarded and preliminary work has already commenced.
The new construction and the expansion of the four existing methionine production plants will raise Evonik's total annual capacity for this amino acid to 580,000 metric tons beginning in 2014—an increase of more than 60 percent in just five years (2010: 360,000 mt).

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