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Business

BioAmber hits targets for succinic acid

by Michael McCoy
September 5, 2016 | APPEARED IN VOLUME 94, ISSUE 35

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Credit: BioAmber
A view inside BioAmber’s succinic acid facility in Ontario.
Credit: BioAmber
A view inside BioAmber’s succinic acid facility in Ontario.

BioAmber and Mitsui & Co. say their joint-venture biobased succinic acid plant in Sarnia, Ontario, has hit operational milestones set out in grants and loans from Canadian government agencies. BioAmber says the plant, which opened in August 2015, is making succinic acid at variable costs competitive with the petrochemical version. In the second quarter, the firm sold $2.5 million worth of succinic acid.

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