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Evonik Forms Joint Venture in Russia to Manufacture Feed Amino Acid

1:51 AM MDT | September 30, 2011 | Deepti Ramesh

Evonik Industries says it has established a joint venture with Russian company RusBiotech International, for manufacturing the feed amino acid L-lysine in Russia by means of a biotechnological process. The joint venture dubbed Russkie Biotechnologii will be based at Volgodonsk, in the Rostov region of Russia and will concentrate on the Russian market. L-lysine is an amino acid for animal feed that Evonik markets under the brand name Biolys. The jv will build a plant for Biolys production using the wheat grown in the Rostov region. The total investment in the...

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