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Business
BioAmber hits targets for succinic acid
by Michael McCoy
September 5, 2016
| A version of this story appeared in
Volume 94, Issue 35
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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