The producer of cellulosic glucose technology, Comet Biorefining, has agreed to supply bio-succinic acid producer BioAmber with high-purity dextrose.
Ontario/Kanada – The off-take agreement also includes provisions for Comet to supply dextrose to future Bio Amber manufacturing facilities and provides for certain exclusive rights in the fields of succinic acid, 1,4-butanediol (BDO) and tetrahydrofuran (THF). The dextrose will be produced from agricultural residues using Comet’s technology in the planned commercial plant in Sarnia, Ontario.
Bio Amber provided an equity investment in Comet in 2015 and its CEO Jean-Francois Huc is now joining Comet’s board of directors.
Jean-Francois Huc, Bio Amber CEO commented, “We have tested many second generation sugars and Comet offers dextrose that is on par with dextrose from corn, both in terms of quality and price. Comet has proven this by operating a large demonstration plant in Italy, setting them apart from others. Comet has also put together a unique value chain in Southwestern Ontario, bringing together farmers, technology, off-takers and government. We are looking forward to participating in their exciting growth prospects.”