10 July 2012 10:25 [Source: ICIS news]
LONDON (ICIS)--Evonik Industries’ executive board has given the go-ahead to construct a plant for animal feed amino acid L-lysine in Volgodonsk, Russia, the Germany-based specialty chemicals major said on Tuesday.
The facility is scheduled to go on stream in 2014, with a capacity of around 100,000 tonnes/year of L-lysine Biolys.
The project, part of the DonBioTech joint venture with operative partner Russian Varshavsky Group, will predominantly serve the Russian market.
JSC Russian Agricultural Bank is interested in participating in the financing of the project, Evonik said.
“Russia will become an important market for us, given that demand there for amino acids used in animal feed has experienced healthy growth for years,” said Patrik Wohlhauser, the Evonik Industries executive board member in charge of the Consumer, Health & Nutrition segment.
The joint venture in Russia will use Evonik's fermentation technology at the new plant.
Financial details for the project were not disclosed.
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