May 4, 2011

BioAmber readies for North American plant

We got some new information today about BioAmber's planned North American succinic acid facility as the company announced the closing of its series B $45m financing.

According to BioAmber CEO Jean-Francois Huc, the company is finalizing its plans for a 200,000 tonne/year plant and the choice of the site is now down to two candidates. BioAmber expects to start building this year and commission the facility in the first half of 2013.

[Photo of BioAmber's succinic acid facility in Pomacle, France]

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