Lanxess Invests $10 Million in BioAmber

Lanxess (Leverkusen) says it has invested $10 million in BioAmber (Mineapolis, MN) as a part of a private placement. The investment strengthens Lanxess's commitment to renewable raw materials, the company says. Lanxess has received a minority shareholding in BioAmber, and a seat on the board of directors, which will be filled by Jorge Nagueira, head of Laxess's functional chemical business unit that manufactures phthalate-free plasticizers, the company says. BioAmber is a leader in the production of succinic acid through the fermentation of renewable raw...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers