9 June 2015
About Bio-based Succinic Acid
Bio-based succinic acid market size : USD 4.0 billion
Bio-based succinic acid, Disruptive to petroleum process,
Competitive with oil below USD 30/barrel
Succinic acid market, Value in large volume markets
* Paints and Coatings
* Plastics
* Artificial Leather
* Insulation Foams
* Vinyl Flooring :
* Glues
* Automotive Panels
* Corrosion inhibitors : Protect metals better
Succinic acid market, Value in specialty markets
* Hair Conditioning
* Skin Care
* Bath Tablets
* Pharmaceuticals
* Metal-Working lubricants
* Dyes and Pigments
* Food Flavourings
Bio-based succinic acid, A 30,000 MT Capacity plant saves
* 210,000 tons of CO2 equivalent gas/year
* 2 trillion BTUs of energy/year
CAPEX : US $125 million, Initial Capacity : 30,000 ton/year
Bio-based succinic acid demand contracts exceed plant capacity
VIEW FULL BIOAMBER CORPORATE PRESENTATION 2015
DETAILS
All piping work has been completed and water tested
and all motors have been tested. The production team,
analytical staff and engineers have permanently
relocated to the plant,
and the facility is ready to begin receiving chemicals.
The only remaining construction activities
involve some instrumentation and control work,
insulation of certain pipes, the paving of the site road and parking lot,
the removal of scaffolding and the installation of a few wall panels
on the exterior of the building.
The control room and laboratories are operational and
plant personnel are testing instrument controls in sequence.
The next steps will include running initial fermentations and
testing the purification equipment to confirm that
the plant is producing bio-succinic acid that meets specifications.
These activities will be carried out over the next two months.
The Company plans to communicate on
the outcome of these steps and subsequent milestones
as the plant moves toward commercial operation.
Fabrice Orecchioni,
BioAmber’s Chief Operations Officer
“We are bringing an important chapter in Sarnia’s history to a close,”
“As we accelerate our commissioning and start up efforts,
we put behind us the risk and uncertainty related to
the plant’s construction costs and schedule, and
our focus now turns to
achieving commercial operation in the next quarter.”
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