Page 12 - SpecialtyChem 2021_30Apr

SINGAPORE SPECIALTY CHEMICALS GUIDE 2020/2021
250
200
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
Global meat production
Our methionine
complex on Jurong
Island, which we
commissioned in late 2014hasbeenareal Source:OECD-FAOoutlook,July2019 success story. Now,
150
100
50
0
2018
2019
Developed countries
2021
2022 Developed countries
2023
2024
% change developed
2020
2025
2026
% change developed
2028
2027
we want to continue the success story with this second plant.
CHRISTIAN KULLMANN,
CHAIRMAN OF THE EXECUTIVE BOARD OF EVONIK
Demand for Asia’s animal feed as well as animal feed additives are developing in sync with the increase in meat production and consumption. The global animal feed additives market is expected to grow at a CAGR of more than 5 percent during the period 2018-2024. Reduction in the use of antibiotics, increased demand for phosphates in animal feed and growing trend of premium breeding are the key factors fuelling growth.
Amino acids - key nutrients in animal growth, production and reproduction – will outstrip the average. Asia Paci c, the largest animal feed additives market globally, is expected to register 34 percent growth in amino acids because of the need to improve livestock quality.
Singapore is host to Evonik, a leading manufacturer of methionine, an essential amino acid required for balanced animal nutrition. Its two methionine plants on Jurong Island are the largest within Evonik. Completed in 2014 and 2019 at the total cost of about 1 billion euros, they have a combined production capacity of 300,000 tonnes per annum, accounting for over 40 percent of Evonik’s global production.
Speaking at the opening at the second plant in June 2019, Mr Christian Kullmann, chairman
of the Executive Board of Evonik, said, “Our methionine complex on Jurong Island, which we commissioned in late 2014 has been a real success story. Now, we want to continue the success story with this second plant.”
Singapore also serves as group’s headquarters for the Asia-Paci c South - a region stretching from Pakistan to New Zealand – as well as a centre for innovation. Located in Biopolis, the Evonik Asia Research Centre undertakes research in functional surfaces and additive manufacturing for the specialty chemicals giant, which also makes materials and additives for automotive, coatings, construction, rubber, plastics and other industries.
LUBRICANT ADDITIVES AND
LUBRICANTS
Demand for global lubricant oil additives, chemical compounds used to enhance the performance of lubricant formulations, is also heading higher on global vehicle eet expansion and increasing concern over the environment. As lubricant additives can improve fuel economy and ow ef ciency of passenger and commercial vehicles, as well as industrial equipment, they are vital ingredients in modern lubricants.
8
Million tonnes cwt