Bluestar Adisseo (Nanjing) held the groundbreaking ceremony for its New Liquid Methionine Factory Project Phase II on March 23, 2018. Jiang Yuejian, Deputy Mayor of Nanjing City, Hao Zhigang, CPC Committee Secretary and Bluestar Chairman, Gerard Deman, Bluestar Director and Adisseo Director, Jean-Marc Dublanc, Adisseo CEO and other related leaders and shareholders attended the ceremony.
The total investment in the project is about USD 490 million. It is designed to produce 180,000 t/a liquid methionine per year. After the completion of the new factory, Adisseo will be able to double its total capacity in Nanjing. The new factory will be expected to be put into operation in the middle of 2021 to meet the increasing customer demands and the sustainable development goal of Adisseo.
The new factory is sited in Liuhe Chemical Industry Park, Jiangbei New District, Nanjing, adjacent to the existing Adisseo factory in Nanjing. The new factory and existing factory will share the operation management team and some facilities, so as to make full use of construction operation experience of the existing factory, reduce capital expenditure and operation expenses, maximize synergetic benefits and further strengthen Adisseo's competitive advantage by virtue of its sustainable innovation ability.
Chen Chanmei, Deputy Director of the Management Committee of Jiangbei New District, Nanjing, attended the ceremony and delivered a speech. He thought Nanjing exactly hopes to attract such enterprises as Adisseo. These enterprises feature the ability to innovate while giving top priority to environmental protection and sustainable development. It is a win-win situation that Nanjing Municipal Government hopes to see.
Hao Zhigang, Bluestar Chairman, said at the ceremony that "Adisseo's plan of building a new liquid methionine factory in Nanjing is very convincing. In view of increasing market demands for liquid methionine, Bluestar believes that the Adisseo team can stand out from the fierce market competition with its outstanding operation management and technical innovation, obtain profitable return on investment and achieve constant increase in performance. Bluestar will support it greatly as it always has done.”
Gerard Deman, Adisseo Chairman, said that "The new liquid methionine factory in Nanjing is of great significance to Adisseo. It is an important measure to safeguard the leading position of methionine industry. Adisseo was the first international enterprise which built a liquid methionine factory in China when it prepared to build the first factory in Nanjing in 2009. The construction and operation of the first factory of Adisseo in Nanjing have gone very well, which cannot be separated from the leadership of Bluestar and hard work of Nanjing team. It is one of the key considerations why the Board of Directors finally decided to site the third methionine production platform of Adisseo in Nanjing. We are confident to obtain more excellent production and operation results and maintain the global leading position through the implementation of the new project.”
Adisseo had maintained a double-digit average growth in liquid methionine sales from 2014 to 2017. It is expected that the penetration rate of liquid methionine will increase to about 50% in the future. As Bluestar Adisseo's Methionine Project Phase II goes into operation, it will help Adisseo meet the increasing customer demands and consolidate its leading position in the methionine industry.