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.
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)
Follow Tracy on Twitter
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections