Evonik Financing for Russian Lysine Plant

2014-7-15 Evonik Industries and Russia's Varshavky Group to form a Joint Venture Don Biotech will produce L-Lysine in Volgatonsk, RussiaThe Don Biotech joint venture was a landmark move to obtain a construction permit from the Russian authorities and a credit agreement signed by the Agricultural Bank of RussiaDrReiner Beste, head of Evonik's Health and Nutrition Unit, said this was a prerequisite for rapid progress in the project and that the new plant would strengthen its dominance in the Russian market and help local pigs and poultry achieve more fun and sustainable productionThe plant is scheduled to operate in 2015 with an annual production capacity of 100,000 tonsBiolys ® is an effective source of lysine in pig and poultry feedEvonik will use the Group's modern fermentation technology for the production of Biolys ®, using the Group's modern fermentation technology, and the Varshavky Group ensures the supply of raw materials, which is a major part of the integrated value-added chainMetAMINO ® (DL-methionine), a core business of Evonik, is expanding aggressivelyTrypamino ® (L-tryptophan) and Biolys ® additional capacity will be built in Europe and the United States, and a new methionine plant is currently under construction in SingaporePk92014-7-15 Evonik Industries and Russia's Varshavky Group to form a Joint Venture Don Biotech will produce L-Lysine in Volgatonsk, RussiaThe Don Biotech joint venture was a landmark move to obtain a construction permit from the Russian authorities and a credit agreement signed by the Agricultural Bank of RussiaDrReiner Beste, head of Evonik's Health and Nutrition Unit, said this was a prerequisite for rapid progress in the project and that the new plant would strengthen its dominance in the Russian market and help local pigs and poultry achieve more fun and sustainable productionThe plant is scheduled to operate in 2015 with an annual production capacity of 100,000 tonsBiolys ® is an effective source of lysine in pig and poultry feedEvonik will use the Group's modern fermentation technology for the production of Biolys ®, using the Group's modern fermentation technology, and the Varshavky Group ensures the supply of raw materials, which is a major part of the integrated value-added chain MetAMINO ® (DL-methionine), a core business of Evonik, is expanding aggressively Trypamino ® (L-tryptophan) and Biolys ® additional capacity will be built in Europe and the United States, and a new methionine plant is currently under construction in Singapore Pk9
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