11 November 2009 17:16 [Source: ICIS news]
BERLIN (ICIS news)--Bioamber is now a commercial business and will start to market 2,000 tonnes of succinic acid after successfully completing its demonstration plant in France, Patrick Piot, general manager at the speciality chemical company, said on Wednesday.
Speaking at the 4th European bioplastics conference in Berlin, Piot said he expected the company to sign its first licence by mid-2010, which would be used to invest in a much larger plant.
The company would look for customers and partners to develop succinic based bioplastics, he added.
“We are now commercial, we have done the water test, we have done the automation test and so we are ready for commission,” Piot said.
Earlier this year, Bioamber said it would start producing bio-succinic acid batches from its €21m, 2,000 tonne commercial demonstration plant in ?xml:namespace>
Additionally Bioamber had achieved commercial performance at a cost significantly lower than fossil fuel-derived succinic acid, Piot said, adding: “We are also developing technologies which are complementary to our production plant.”
Bioamber is a joint venture between US-based DNP Green Technology and French Agro-Industrie Recherches et Developpements (ARD).
In March Research and consultancy firm Frost & Sullivan said that Bioamber’s technology would capture around 50% market share on succinic acid by 2015.
($1 = €0.67)
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