All Knowledge & Insights By Date

On August 6, 2015, BioAmber Inc. and Mitsui & Co., Ltd announced the opening of their joint succinic acid plant in Sarnia, Ontario. This joint venture cost approximately $141.5 million to build and has a capacity of 30,000 tons of succinic acid per year, making it the world's largest succinic acid plant. The plant uses technology to produce succinic acid from sugar at a lower cost than traditional petroleum-based production. The chemical intermediary is used...

On March 3, 2014, BASF announced the successful start-up of the first commercial production facility resulting from the joint venture between Corbion Purac and BASF (Succinity®) for the production and commercialization of biobased succinic acid. The plant, located at the Corbion Purac site in Montmeló, Spain, has an annual capacity of 10,000 metric tons and is producing commercial quantities of biobased succinic acid for the global market. In addition to this first facility, Succinity...

On February, 19, 2014, it was announced that BioAmber Sarnia, Inc. (BioAmber Sarnia) has received a $10 million loan from the Government of Canada to help the company build the largest commercial plant that will produce biobased succinic acid. Funding is being provided under the Canadian Government's AgriInnovation Program, which is an initiative designed to accelerate the pace of innovation by supporting research and development activities in agri-innovations. The BioAmber Sarnia project is...