Reuters logo
BRIEF-DSM and Evonik establish joint venture for Omega-3 fatty acids
March 8, 2017 / 7:50 AM / 6 months ago

BRIEF-DSM and Evonik establish joint venture for Omega-3 fatty acids

March 8 (Reuters) - Koninklijke DSM NV:

* DSM and Evonik establish joint venture for Omega-3 fatty acids from natural marine algae for animal nutrition

* Nutritional products and Evonik nutrition & care will each hold a 50 percent share in joint venture

* Evonik to co-own production facility, which will be built at an existing site of evonik and is expected to come on stream in 2019

* Joint venture plans to invest around USD 200 million in facility (USD 100 million by each party over circa 2 years)

* Set-Up of joint venture, to be named Veramaris and headquartered in the Netherlands Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below