Evonik expands investment in biotechnology

Evonik expands investment in biotechnology

4:46 AM, 10th October 2012
Evonik expands investment in biotechnology
Evonik headquarters in Germany.

ESSEN, GERMANY: Evonik Industries plans to continue expanding its commitment to biotechnology. The nexus of biotech research at Evonik is the company’s Halle-Kunsebeck site in eastern North Rhine-Westphalia, Germany. Evonik will be investing €350 million by 2014 to expand its Biolys business, an amino acid used in animal feeds. Investments include construction of new L-lysine plants in Brazil and Russia capable of producing nearly 200,000 metric tonne each year as well as a recently finished production expansion to 280,000 metric tonne per year at its Blair site in North America.

“Biotech opens up interesting opportunities for profitable growth in a range of business areas. It’s also giving Evonik’s growth strategy a stronger focus on sustainable development. In the Health & Nutrition business unit alone we are hoping for sales of €1 billion over the medium term for products made using biotechnology,” said Patrik Wohlhauser, Member of the Executive Board, Evonik.

The local employees also benefit from Evonik’s intensified efforts in the field of biotechnology. According to Dr Ralf Kelle, who heads up the Research & Development Bioproducts team within the Health & Nutrition business unit, “Our biotech team at the Halle-Kunsebeck site has nearly doubled over the past two years to roughly 100 employees.”

© WOC News



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