Mercaptan Companies

Mercaptan Market

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  April 2023- Evonik is renovating the operational pattern of its animal nutrition industry to boost their customer attention further, allow further beneficial development, and guarantee competitiveness. Going ahead, the specialty nutrition business and the amino acids business will run individually and as per the various models aligned with the companies' specific needs and market situations. In addition, the company is boosting the manufacturing capacity to produce MetAMINO (DL-methionine) at its three world-scale manufacturing facilities and enhancing the ecological footprint. The steps to alter functioning patterns and enhance manufacturing will cause an annual cost savings of €200 million, with primary savings being accomplished in the current fiscal year. The net price will be attained in the 2025 fiscal year. This will also involve a lowering of nearly 200 jobs across the globe. The precise information is still being concluded. The president of Evonik's Nutrition & Care division, Johann-Caspar Gammelin, stated in a press release that they are thoroughly executing a strategy that will build their Animal Nutrition business. Hence, it keeps on growing and succeeding in all the markets. The reinforced competitiveness of animal nutrition will guarantee its part as a vital and strong cash generator for Evonik. Animal nutrition will be operated in two separate operating models: one for its specialty nutrition business and the other for its amino acids business. The market atmosphere for amino acids is recognized by an unaltered attractive sustainability profile and strong growth, but it is also confronted by growing raw material and energy prices.

Key Companies in the Mercaptan market include

• Chevron Phillips Chemical Company LLC.


• ARKEMA


• Huntsman International LLC.


• Evonik


• TORAY FINE CHEMICALS CO., LTD.


• Jiande Xingfeng Chemical Co., Ltd.