BioAmber Starts Production at its Bio-succinic Acid Plant in Sarnia
MINNEAPOLIS, MN -- BioAmber Inc. (NYSE: BIOA) an industrial biotechnology company producing sustainable chemicals, announced it has initiated commissioning activities for its 30,000 MT capacity bio-succinic acid plant located in Sarnia, Ontario, Canada. Commissioning and start-up is expected to take approximately five months, with the facility being in commercial operation in Q3 2015. The Company expects construction to be completed in two months and it is carrying out commissioning and start-up activities in parallel. The cost of the project continues to track within the original budget estimate of US$125 million +/- 10%.
"This is a significant milestone for BioAmber, which is poised to begin a period of rapid growth," said Jean-Francois Huc, Chief Executive Officer. "During the commissioning phase we will test the plant and get it running section by section, produce bio-succinic acid and qualify it with our customers and begin to sell product that meets specifications. We plan to be in full commercial operation in Q3 2015, by which time we can reliably supply customers including our take-or-pay contracts".
The Sarnia plant will be the worlds largest succinic acid manufacturing facility, with an annual nameplate capacity of 30,000 metric tons. BioAmber has signed take-or-pay agreements with Vinmar and PTTMCC (a joint venture between PTT PLC and Mitsubishi Chemical) that represent sales volumes of over 5,000 metric tons in 2015 and 15,000 tons in each of 2016 and 2017. BioAmber has also signed a number of supply agreements with non-binding volume commitments that collectively exceed the available capacity in the plant.
相關閱讀
本站所有信息與內容，版權歸原作者所有。網站中部分新聞、文章來源于網絡或會員供稿，如讀者對作品版權有疑議，請及時與我們聯系，電話：025-85303363 QQ：2402955403。文章僅代表作者本人的觀點，與本網站立場無關。轉載本站的內容，請務必注明"來源：林中祥膠粘劑技術信息網（www.www.proactivelibertylake.com）".
網友評論
加載中...
