On 19 Oct., 2016, Evonik Industries AG
(Evonik) started its construction of the second methionine plant in Singapore
with a symbolic ground-breaking ceremony officiated by Tharman Shanmugaratnam,
deputy prime minister of Singapore. The company revealed that the new facility
will have a production capacity of 150,000 t/a and is expected to become
operational in 2019, with a total investment of ≥USD544.31 million (EUR500.00 million). Methionine produced in this
new complex will be sold under the brand name MetAMINO®.
Source: Baidu
* Exchange rate: USD1.00=EUR0.9186 on 21
Oct., 2016, sourced on hexun.com, similar hereinafter
“The new plant will not only produce
methionine, but also all strategically important precursors to guarantee
product quality and supply security,” mentioned Klaus Engel, chairman of the
executive board of Evonik.
It is expected that the new production
complex will increase the company’s methionine production capacity to
approximately 300,000 t/a in Asia and 730,000 t/a worldwide. So far, Evonik has
already set up a Singapore-based methionine plant (150,000 t/a) which was put
into production in late 2014. Besides, this international giant also produces
methionine in Belgium, Germany and the US.
Evonik is an international giant for
specialty chemicals used in feed additives, pharmaceuticals, auto mobiles and
so on. According to the company’s financial report, it generated sales of
around USD14.7 billion (EUR13.50 billion) and an operating profit of USD2.69
billion (EUR2.47 billion) in the whole of 2015.
The company possesses several subsidiaries in Greater China region (Mainland
China, Hong Kong and Taiwan). In 2015, revenue from the Greater China region
contributed 9.60% to the company’s total. Yet, instead of constructing
production plant in China, it mainly makes its products available in the
domestic market via import and has grown into the largest methionine importer
to China so far. Between Jan. and Aug. 2016, a total 116,300 tonnes of
methionine were imported into China, of which over 50% came from Evonik,
according to China Customs.
In addition, Singapore has been the second largest import origin of methionine
to China – in Jan.-Aug. 2016, 23.63% of the national total import volume came
from the country. When Evonik completes construction of the new facility,
Singapore is likely to surpass Belgium and become the largest methionine import
origin to China.
Apart from Evonik, other international giants like CJ Group Co., Ltd. and
Bluestar Adisseo Company, together with domestic enterprises such as Zhejiang
NHU Co., Ltd., are also competing for larger sales in the Asian methionine
market.
“Our methionine complex, which came on-stream in late 2014 on Jurong Island, is
a success story. We have also noticed that the demand for methionine is
continuing to grow at a very fast rate in Asia. All these led to our decision
to build a second plant in Singapore,” said Klaus Engel.
China's import volume of
methionine by import origin, Jan.-Aug. 2016
Source: China Customs
This article comes
from Amino Acids China E-News 1610, CCM
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Tag: amino acids methionine