Wednesday, 21 December 2016

BioAmber Opens Up Asian Markets.

Photo/effects by |Zach Neal.



From the Sarnia Observer.


Bio-succinic acid that’s made in Sarnia is expected to be shipped to China and South Korea in 2017 to help open new markets there.

The building-block chemical – used in plastics, lubricants, paint, cosmetics, food additives and other products – is made from corn syrup by Montreal-based BioAmber at a $141-million Sarnia plant completed in 2015.

It was announced this week that product from that plant is to be sold to a Korean company that BioAmber is planning to partner with in Asia.

The two companies announced plans to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually to sell in Asia.

BioAmber's partner in the joint venture, CJ CheilJedang (CJCJ) is also set to purchase succinic acid from Sarnia to develop markets in China and South Korea in the first half of 2017, according to a news release.







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