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Vinmar signs biobased succinic acid offtake deal with BioAmber

5:03 PM MDT | July 7, 2014 | Rebecca Coons

Renewable chemicals firm BioAmber (Minneapolis) today announced that it has signed a 210,000-m.t./year take-or-pay contract for biobased succinic acid with Vinmar International.  Under the terms of the 15-year master off-take agreement, Vinmar has committed to purchase and BioAmber Sarnia, a joint venture with Mitsui & Co., has committed to sell 10,000 m.t. of succinic acid per year from the 30,000 ton per year capacity plant that is currently under construction in Sarnia, Canada. BioAmber and Vinmar also broadened the scope of their previously announced...

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