Evonik signs MoU for planned Russian amino acid plant

21 January 2013 11:27  [Source: ICIS news]

LONDON (ICIS)--Evonik Industries has signed a memorandum of understanding (MoU) with the government of Rostov, Russia, to develop a planned plant for animal feed amino acid L-lysine in the region, the Germany-based specialty chemicals major said on Monday.

The plant, which will produce around 100,000 tonnes/year of L-lysine, is expected to come on stream in 2014, the company added.

The project is being developed by OOO DonBioTech, a joint venture between Evonik and Russian company the Varshavsky Group, which is the majority shareholder. DonBioTech executive director Vladimir Kudryashov also signed the MoU.

The L-lysine produced will predominantly be sold in the Russian market, Evonik added.

“This effort secures the raw material supply, while the backwards integration will cover a larger part of the supply chain,” said Evonik executive board member Patrik Wohlhauser. "That is essential for positioning Evonik in the important Russian market."

By: Tom Brown
+44 208 652 3214

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