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China BlueStar, Adisseo to build methionine plant in Nanjing
(Xinhua)
Updated: 2009-08-19 14:08 China National BlueStar (Group) Co and its France-based subsidiary Adisseo Group, a feed additive producer, signed a deal Wednesday to build a methionine plant in Nanjing, the first plant of its type in China. The new plant is set for the capital of eastern Jiangsu province, where raw materials are available and abundant, said Xi Yuxin, a China National BlueStar spokesperson.
The plant will become operational during the second half of 2012, and have an annual production capacity of 70,000 tons. The amount of investment for the new plant was not given. At present, there is no methionine producer in China, which has an estimated annual demand for 120,000 tons, Xi said. China National BlueStar, a subsidiary of ChinaChem Group Corporation, acquired Adisseo, the world's third largest methionine producer, in January 2006 for 400 million euros ($565.4 million). (For more biz stories, please visit Industries)
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