Evonik JV biolys production in Russia, schedule

Evonik JV for biolys production in Russia, on schedule

10:05 AM, 10th July 2012
Evonik JV for biolys production in Russia, on schedule
Patrik Wohlhauser, Member of the Executive Board, Evonik.

ESSEN, GERMANY: Evonik Industries is moving forward with its plans to produce Biolys, a source of L-lysine for animal nutrition, in the DonBioTech joint venture in Russia. Since the realization of the project is approved, DonBioTech joint venture will now go ahead with construction of a Biolys manufacturing plant in Volgodonsk, Rostov region, Russia. The facility is scheduled to go on stream in 2014 with a capacity of around 100,000 metric tonne of Biolys.

The joint venture will predominantly serve the Russian market. “Russia will become an important market for us, given that demand there for amino acids used in animal feed has experienced healthy growth for years. The special biotech-based L-lysine, which Evonik markets under the name of Biolys, is benefitting from growth in worldwide meat consumption,” explained Patrik Wohlhauser, Evonik Board Member in charge of the Consumer, Health & Nutrition segment.

Evonik holds a minority share, while the Russian Varshavsky Group are the operative partners in the joint venture. Furthermore, JSC Russian Agricultural Bank is interested in participating in financing the project. The joint venture in Russia will employ Evonik fermentation technology at its new Biolys plant, which has significantly improved in recent years to optimize its efficiency and its raw material and energy consumption levels. The construction of the Biolys plant represents a first step for Evonik, with further expansion phases slated for the coming years.

© WOC News



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