08 October 2012 12:15 [Source: ICIS news]
LONDON (ICIS)--Arkema and South Korea-based bioscience firm CJ CheilJedang have begun construction of a new biomethionine and thiochemicals facility in Kerteh, in the state of Terengganu in Malaysia, the French specialty chemicals maker said on Monday.
The total investment for the joint project is about $450m (€347m). The facility is scheduled to come on stream by the end of 2013.
CJ CheilJedang will build and operate the biomethionine plant and Arkema will build and operate the thiochemical plant.
Biomethionine is a sulphur amino acid widely used in animal feed in Asia. When completed, the facility will be able to produce 80,000 tonnes/year of biomethionine additives and 50,000 tonnes/year of sulphur derivatives for the petrochemical markets.
“This significant project will strengthen and consolidate our position as the world leader in sulphur chemicals and allow our company to meet the growing needs of our customers and partners from petrochemicals, animal nutrition, and oil and gas markets in Asia,” said Marc Schuller, executive vice president of Arkema.
“This project will put CJ as the global leader in feed amino acid industry as it will be the only company in the world to produce four major feed amino acid products in their natural form,” said Chul-Ha Kim, CEO of CJ CheilJedang.
Arkema and CJ CheilJedang selected Kerteh as the location for the biomethionine and thiochemicals facility in August.
($1 = €0.77)
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