2 October 2014
READ BIOAMBER, PRESENTATION 2014
DETAILS
today announced it has signed
an exclusive supply agreement for
bio-based succinic acid
with Xuchuan.
Xuchuan is a top five global producer of polyester polyols,
which are used to produce a wide range of products including
* paints and coatings,
* polyester resins and
* synthetic leather.
Xuchuan operates four polyester polyol plants in China and
has an annual production capacity of 150,000 tons.
Xuchuan is initially launching PU systems for
cast polyurethane elastomers (CPU)
made with bio-succinic acid.
CPU is used in applications including
* automotive instruments, caster wheels,
* industrial and mining equipment, power tools,
* industrial tires, coating rolls, drive belts,
* mold makers and hoses.
Under the terms of the 5-year contract,
which runs from 2015 to the end of 2019,
BioAmber Sarnia, a joint venture with Mitsui & Co.,
will ship to Xuchuan’s Chinese facilities
bio-based succinic acid it has produced in Sarnia, Canada.
BioAmber’s Sarnia plant
is expected to be completed in early 2015 and
will have an initial capacity of 30,000 tons per year.
BioAmber has signed take-or pay agreements that
commit 50% of the output over
the first three years of production, and
has committed
the balance of available capacity in 2016 and 2017
by signing 20 supply and distribution agreements.
WWW.CHEMWINFO.COM BY KHUN PHICHAI