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.

It will also boost the group's methionine production capacity to 730,000 tonnes globally; Evonik produces the amino acid in Belgium, Germany and t…