Germany's Evonik to invest around €200m in South America

24 October 2012 10:00  [Source: ICIS news]

SINGAPORE (ICIS)--Evonik is investing around €200m ($260m) to build three new plants in South America that are due to start up in 2014, the German specialty chemicals producer said on Wednesday.

“By 2014, new production capacities for raw materials for cosmetics, feed amino acids and catalysts to produce biodiesel will go on stream,” the company said in a statement.

Evonik considers South America, particularly Brazil, as an “attractive growth market”.

In Americana, Brazil, the company is building a new production plant with up to 50,000 tonne/year capacity for oleochemical specialty surfactants for the cosmetics and consumer goods industries.

Another facility will be built, in partnership with US-based Cargill, in Castro for the biotechnological production of biolys, a source of L-lysine.

In Argentina, construction of the third plant that will produce catalysts for biodiesel is underway in Puerto General San Martin. The plant will have a capacity of more than 60,000 tonnes/year.

“Our objective is to surpass the €1bn level with regard to sales in 2016," said Patrik Wohlhauser, member of Evonik’s executive board who is responsible for the South American region.

($1 = €0.77)

By: Pearl Bantillo
+65 6780 4359

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