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BioAmber signing 5 year supply agreement with Xuchuan Chemical, a global leader in polyester polyols

BioAmber signing 5 year supply agreement with Xuchuan Chemical, a global leader in polyester polyols

2 October 2014

ABOUT BIOAMBER



READ BIOAMBER, PRESENTATION 2014




DETAILS


BioAmber Inc. (NYSE: BIOA),

today announced it has signed

an exclusive supplyÿagreement for

bio-based succinic acid

with Xuchuan.



Xuchuan is a top five global producer of polyester polyols,

which are used to produce a wide range ofÿproducts including

* paints and coatings,

* polyester resins and

* synthetic leather.


Xuchuan operates fourÿpolyester polyol plantsÿin China and

has an annual production capacity of 150,000 tons.


Xuchuan isÿinitially launching PU systems for

cast polyurethane elastomers (CPU)

made with bio-succinic acid.ÿ


CPU is used in applications including

* automotive instruments, caster wheels,

* industrial and miningÿequipment, power tools,

* industrial tires, coating rolls, drive belts,

* mold makers and hoses.



Under the terms of the 5-year contract,

whichÿruns from 2015 to the end of 2019,


BioAmber Sarnia, a joint venture with Mitsui & Co.,

will ship toÿXuchuan’s Chinese facilities

bio-based succinic acid it has produced in Sarnia, Canada.


BioAmber’s Sarnia plant

is expected to be completed in early 2015 and

will have an initial capacity ofÿ30,000 tons per year.

BioAmber has signed take-or pay agreements that

commit 50% of the output over

the first three years of production, and

has committed

the balance of available capacity in 2016ÿand 2017

by signing 20 supply and distribution agreements.


READ MORE




WWW.CHEMWINFO.COM ÿBY KHUN PHICHAI

Tags : BioAmber signing 5 year supply agreement with Xuchuan Chemical  a global leader in polyester polyols

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