Evonik to Invest €500 Million to Build Methionine Plant in Singapore

Evonik Industries says it will invest €500 million ($653 million) to construct a previously announced methionine complex at Jurong Island, Singapore. The project is the company’s largest chemical investments to date, Evonik says. The methionine complex will have a production capacity of 150,000 m.t./year and it is expected to become operational in the second half of 2014. With this investment, the company aims to strengthen its core business with essential amino acids for animal nutrition. At the complex, which will be backward-integrated, Evonik will...

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