Evonik’s JV amino acid plant in Russia on track for 2015 start-up

26 June 2013 16:59  [Source: ICIS news]

HOUSTON (ICIS)--German specialty chemicals producer Evonik said on Wednesday that foundation stone has been laid for a 100,000 tonnes/year Biolys amino acid plant in Volgodonsk, Russia, which is on track to come on stream in 2015.

Announced in September 2011 and approved in July 2012, the plant is being funded by DonBioTech, a joint venture between Evonik and operative partner Russian Varshavsky Group.

The joint venture will process wheat from the Rostov region as a raw material, and the plant will use Evonik’s fermentation technology to produce Biolys, a source of L-lysine amino acid used as a feed additive in animal nutrition.

Financial terms were not disclosed, although initial estimates were around €150m ($197m).

($1 = €0.76)

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By: Tracy Dang
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