• Evonik increases its global annual capacity of methionine to 580,000 metric tons
• First world-scale methionine plant in the fast-growing Asian market
• The largest single investment to date for Evonik of over €500 million
The new methionine complex of Evonik Industries in Singapore officially came on stream on November 4, 2014 after two years in construction. This plant has an annual capacity of 150,000 metric tons, bringing Evonik’s methionine capacity worldwide up to 580,000 metric tons. “With this new facility—the most modern of its kind and the first world-scale methionine plant in Asia—we are continuing to expand our market and technology lead in DL-methionine,” said Klaus Engel, Chairman of the Executive Board of Evonik Industries, at today’s ceremony in Singapore. Evonik markets DL-methionine under the MetAMINO® brand name.
The company has spent over €500 million on the complex, the most it has ever invested in a single chemical project. “Methionine is one of our core businesses and Asia is the fastest-growing methionine market in the world. This is why we decided to build here,” Engel explained. He used the presence of high-ranking leaders from the worlds of politics and business to thank them for their outstanding support.
MetAMINO® and all strategically important precursors will be produced in the new methionine complex. “Thanks to our local presence, our complete back-integration in the new plant, and our global production network for MetAMINO®, we are able to offer our customers in Asia maximum security of supply. With its proximity to some of our most important markets like China, the new plant will allow us to quickly respond to local requirements, to develop market-relevant innovations, as well as to further expand our business in these markets,” underlined Dr. Reiner Beste, head of Evonik’s Health & Nutrition Business Unit.
Progress in feed technology, rapid population growth and rising consumption of meat in the region are fuelling Asia’s high methionine demand.
Investing in amino acid specialties with high growth rates
The feed additive MetAMINO® ensures more balanced nutrition of poultry and swine, conserving resources and the environment and thus making a valuable contribution to sustainability in food production.
In addition, Evonik is investing in amino acid specialties with high growth rates. New production plants for methionine formulations that are tailored to the biology of other animal species are currently under construction: Mobile (Alabama, USA), for instance, will have a new plant for the production of Mepron®, used in the feeding of dairy cattle. Mepron® has a special coating that protects the amino acid from undesired degradation in the rumen. For shrimp and other crustaceans in aquacultures, Evonik has developed AQUAVI® Met-Met, a dipeptide made up of two methionine molecules. The first production plant for this is being built in Antwerp, Belgium.
Evonik is the only company in the world that produces and markets the four most important amino acids that are required in advanced animal feed: MetAMINO® (DL-methionine), Mepron® (DL-methionine for ruminants), DL-Methionine for AquacultureTM, Biolys® (L-lysine source), ThreAMINO® (L-threonine), and TrypAMINO® (L-tryptophan). As a solution provider, the Group also supports its customers with comprehensive professional advice, tailored services, and a worldwide sales organization for all amino acid products.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. In fiscal 2013 more than 33,500 employees generated sales of around €12.7 billion and an operating profit (adjusted EBITDA) of about €2.0 billion.
Evonik Industries has been producing specialty chemical products in the Greater China region (Mainland China, Hong Kong and Taiwan) since the late 1970’s; with wide-ranging trading relations already in place prior to this in the region. Evonik regards Greater China as one of the driving forces of the global economy and we consequently endeavour to grow our business in the region. The company now has around 3,200 employees in the Greater China region, the regional sales reached over €1 billion in 2013.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.