Evonik pumps over 500m euros into S'pore chemicals industry
German group's second methionine plant on Jurong Island will be its single biggest investment overseas
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GERMAN specialty chemicals company Evonik Industries is investing over 500 million euros (S$763 million) to build a second methionine plant in Singapore, less than two years after it opened its first one in the country.
The second plant - the group's single largest investment outside of Germany to date - will double the group's production capacity in Singapore to 300,000 tonnes per year, making the Jurong Island site Evonik's largest methionine production site in the world.
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