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Markets :: Fine Chemicals/Biotech :: Industrial Biotech

BioAmber secures $10-million loan for Sarnia plant

2:38 PM MST | February 19, 2014 | Rebecca Coons

BioAmber (Minneapolis), a renewable chemicals firm, announced today it has secured a CAD$10 million (US$9.0 million) interest-free loan from  Agriculture Canada for BioAmber's 30,000 m.t./year biobased succinic acid plant, currently under construction at Sarnia, Ontario. The loan, which was  secured through the Department's Agri-Innovation Program, will be  reimbursable in equal yearly installments from 2015 to 2024. BioAmber Sarnia had previously received $35 million in support from  government organizations including Sustainable Development...

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