Evonik pumps over 500m euros into S'pore chemicals industry

Singapore

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.