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BioAmber signs first take-or-pay contract for biobased succinic acid

6:57 AM MDT | May 1, 2014 | Francinia Protti-Alvarez

BioAmber (Montreal) has signed its first take-or-pay contract for biosuccinic acid, the company announced today. The company, under the terms of the agreement, will be the principal supplier of biobased succinic acid to PTT MCC Biochem (Bangkok) for the production of a biodegradable plastic in Thailand. PTT MCC is a joint venture between Mitsubishi Chemical and energy company PTT (Bangkok). The jv will produce and sell polybutylene succinate (PBS), a biodegradable plastic made from succinic acid and 1,4-butanediol. PTT MCC is constructing a PBS plant at Rayong...

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