26 April 2011
Overview
BioAmber Inc. partners with
Mitsubishi Chemical Corporation in
biobased succinic acid in a strategic agreement that makes
BioAmber and its Asian distribution partner Mitsui & Co.
the exclusive suppliers of biobased succinic acid to
Mitsubishi Chemical
The three companies are also conducting a feasibility study to
build a succinic acid production facility next to
Mitsubishi's planned PBS production plant in Thailand
BioAmber and Mitsubishi Chemical Corporation
will incorporate elements of
Mitsubishi's succinic acid technology and
BioAmber's biosuccinic platform.
Goal
The goal is to produce low cost succinic acid
driving down the manufacturing cost of
Mitsubishi Chemical's patent protected
polybutylene succinate (PBS),
a renewable, biodegradable polymer.
BioAmber has begun to
* supply Mitsubishi Chemical with biobased succinic acid
produced in Europe and also
* secured the right to source biobased PBS
from Mitsubishi Chemical for its modified PBS polymers
marketed through BioAmber's Sinoven Biopolymers subsidiary
Combined strengths
* BioAmber and Mitsubishi have brought together
their respective succinic technologies
and combined strengths to establish
the dominant, low-cost succinic acid production platform
* and collaboration with Mitsui & Co. will help deploy
succinic acid technology rapidly and globally