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Business

Evonik clinches deal for biobased methionine

by Michael McCoy
December 5, 2016 | APPEARED IN VOLUME 94, ISSUE 48

Successfully completing a bid that was announced last month, Evonik Industries has signed an agreement to acquire Metabolic Explorer’s fermentation-derived methionine business for about $48 million. Evonik currently produces methionine, an animal feed additive, via a petrochemical route, although it uses fermentation to produce other amino acids. Evonik says the acquisition will expand its technological leadership in amino acid production.

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