January 10, 2023

NHU, Sinopec cooperate to build liquid methionine hydroxy analogue plant

NHU (002001.SZ) announced that Zhejiang NHU Co., Ltd. has signed an agreement with China Petroleum and Chemical Corporation to establish a joint venture company, each holding 50% shares. The company will invest RMB 2.594 billion yuan to construct a liquid methionine hydroxy analogue production plant with the capacity to produce 180,000 tonne/year (converted to dl-methionine).

NHU claims that the new venture will further enhance the company's technological advantages in methionine production and strengthen the company's competitiveness, which is in line with the company's long-term development plan and the interests of all shareholders.