BioAmber, Inc. has been awarded a 2011 Presidential Green Chemistry Challenge Award, presented by the Environmental Protection
Agency (EPA) and the American Chemical Society (ACS). The Award promotes
technology that provides substantial environmental benefits using green chemistry.
BioAmber's platform was recognized as one of the leading technologies in the field of succinic
acid. BioAmber is the first company to successfully commercialize a biobased
chemical that directly substitutes its petro-chemical equivalent.
BioAmber's succinic acid platform delivers environmentally sound, cost-effective
performance materials that can replace petrochemicals in a wide range of
applications, including adipic-based polyurethanes, phthalate-based plasticizers and
acetate-based deicing solutions. BioAmber's technology produces succinic acid that
competes on cost with fossil fuel derived succinic acid when oil prices are well below
$40 per barrel. The technology also sequesters carbon dioxide rather than emitting it.
Today's Presidential Green Chemistry Challenge Award recognizes BioAmber's
achievements in establishing the first large-scale production facility for biobased
succinic acid and creating a portfolio of renewable chemicals and polymers that is
made from succinic acid. The portfolio includes modified polybutylene succinate
(mPBS), a novel, high temperature biopolymer that is also biodegradable.
has established partnerships across its value chain that helped accelerate the scale up
and commercialization of its succinic acid technology. These partnerships include
Mitsui & Co. and Mitsubishi Chemicals in Asia, Cargill, DuPont and Matric in North
America, and ARD and Siclae in Europe. BioAmber has a plant producing succinic
acid in Europe and will start construction of second plant in North America this year.
"BioAmber has successfully combined biotechnology and chemistry to develop a
sustainable, cost-competitive process for making succinic acid and derivatives that
include butanediol. We are pioneers in biobased chemicals and materials and we are
honored that the EPA and ACS have recognized our accomplishments and leadership
in the field of succinic. Our success story is a great example of open innovation and
we accept this award on behalf of all our development partners," said Jim Millis,
BioAmber's Chief Technology officer.
About BioAmber, Inc.
BioAmber, a renewable chemistry company, is one of the market leaders in the development
and commercialization of biobased succinic acid and derivatives including modified
PBS, a biodegradable plastic offering better heat resistance and processability than
other biopolymers. BioAmber operates the world's only dedicated biobased succinic
acid plant and has partnerships with market leaders including Cargill, DuPont Applied
Biosciences, Mitsui & Co. and Mitsubishi Chemical. BioAmber is also leveraging its
succinic acid experience and know-how to develop a biobased adipic acid platform.
The company has offices and research labs in Minneapolis, MN, an office in
Montreal, a sales office in Shanghai, China and a production plant in Pomacle,
Source: BioAmber, Inc.