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Markets :: Alternative Fuels :: Biorefineries
Vinmar signs BDO offtake agreement with BioAmber
3:27 PM MST | January 23, 2014 | Rebecca Coons
BioAmber (Minneapolis) today announced it has signed a take-or-pay contract for biobased 1,4-butanediol (BDO) with global chemical trader Vinmar International. Under the terms of the 15-year off-take agreement, Vinmar has committed to purchase 100% of the BDO produced in a 100,000 m.t./year plant BioAmber plans to build in North America and commission in 2017. Vinmar plans to make an unspecified investment in the BDO plant worth up to 10% ownership, and, once commissioned, will be obligated to purchase 100% of the BDO produced for 15 years. Under the terms...
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