16 November 2010 14:15 [Source: ICIS news]
TORONTO (ICIS)--DNP Green Technology has restructured its Bioamber succinic acid joint venture with France's Agro-industrie Recherches et Developpements (ARD), the US-based renewable chemicals producer said on Tuesday.
Financial terms were not disclosed.
Bioamber was established in 2008 as an equal joint venture to produce bio-based succinic acid. Earlier this year, it commissioned a bio-based succinic acid plant in ?xml:namespace>
“As Bioamber moves into its commercial phase, the partners have decided to entrust commercialisation to DNP Green and have ARD focus on process optimisation in the plant and the scale-up of a next-generation organism producing succinic acid,” the companies said.
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