Issue Date: November 2, 2009
DNP Raises Funds For Succinic Acid
DNP Green Technology has raised $12 million in financing from a syndicate led by Sofinnova Partners, a French venture capital firm. Based in Princeton, N.J., DNP runs a joint venture, Bioamber, with the French agricultural consortium ARD. According to DNP, the venture’s $27 million plant in Pomacle, France, will begin selling biobased succinic acid later this year. Capacity will be 5 million lb per year, DNP says.
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