Succinic Acid BioAmber Partners with Mitsubishi Chemical in Succinic Acid
BioAmber has joined forces with Mitsubishi Chemical Corporation in the field of biobased succinic acid, in a strategic agreement that makes BioAmber and its Asian distribution partner Mitsui & Co. the exclusive suppliers of biobased succinic acid to Mitsubishi Chemical.
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Minneapolis, USA – The three companies are also conducting a feasibility study to build a succinic acid production facility next to Mitsubishi's planned PBS production plant in Thailand.
BioAmber and Mitsubishi Chemical will also incorporate elements of Mitsubishi's succinic acid technology into BioAmber's biosuccinic platform. The goal is to produce low cost succinic acid that will drive down the manufacturing cost of Mitsubishi Chemical's patent protected polybutylene succinate (PBS), a renewable, biodegradable polymer.
BioAmber has begun to supply Mitsubishi Chemical with biobased succinic acid produced in Europe. The company has also secured the right to source biobased PBS from Mitsubishi Chemical for its modified PBS polymers, which are marketed through BioAmber's Sinoven Biopolymers subsidiary.
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