$300 million supports cleantech development.
Will produce bio-succinic acid from its Sarnia plant over a five-year contract.
Vinmar commitment is for 210,000 tons of succinic acid per year when three plants operational.
Company says it secured additional funding by doubling capacity to 30,000 metric tons and increasing job creation numbers.
The plant will be the world’s largest bio-based succinic acid production facility.
Contract with Vinamar guarantees 100% of the output will be sold for 15 years.
Expanding capacity with a plant in Sarnia to handle 30,000 tonnes.
BioAmber is building its first North American biosuccinic acid plant in Sarnia, Ont. as the location for its first North American biosuccinic acid plant.